New EFT System

1 min read by Ryan
published 4 weeks ago

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We’ve just launched a new EFT payment method that will make buying Bitcoin easier than ever. Here’s what you need to know:

Removal of the old EFT system

  • The details you have previously used for EFT’s will no longer receive payments as of 31st of January 2023.
  • We’d recommend deleting these details from your baking app(s) to ensure no further payments are sent there.
  • The details to delete will have the BSB of 806043

New and improved EFT system

  • We’re thrilled to let you know that the new system will give you a unique account number along with a new BSB which will automatically deposit AUD or purchase BTC. This means you will no longer need to include a unique transaction description. Easy-peasy 🍋
  • This new system is NPP supported so many banks will see your EFT settle instantly 💥
  • $0 transaction fees for purchases/deposits over $100 applies 👌
  • EFTs below $100 will have a $1.10 fee 🤏
  • Exchange fees will still apply for purchased BTC 📲

Head to the Buy and Electronic Funds Transfer or Settings, Linked accounts and Send Money to view your new EFT account details.

Let us know if you have any questions about this new EFT payment option by reaching out to [email protected]

Start buying Bitcoin

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Disclaimer: Amber is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how information on our website, in emails we send or in our app, relates to your unique circumstances. Amber is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of our website, our emails or our app.

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