Buy Bitcoin with Bendigo Bank

[✓] last verified 2026-01-28·Reviewed by BankToBTC Team

Data from bank docs & AUSTRAC registers · How we verify · Report an error

Risk-based approach. Generally allows AUSTRAC-registered exchanges.

Supported payment methods: osko, bpay

Last verified: Jan 28, 2026

Top Exchanges for Bendigo Bank

• Kraken
• CoinSpot
• Binance

Step-by-step guide to buying Bitcoin with Bendigo Bank

For Bendigo Bank users, the standard route is OSKO/PayID to an AUSTRAC registered exchange. Follow along to get set up.

1. Pick an AUSTRAC-registered exchange
   Use an AUSTRAC-registered exchange for PayID deposits.
2. Create your exchange account
   Register and enable two factor authentication.
3. Complete identity verification
   Verify identity so deposits are enabled.
4. Copy PayID and reference
   Get the PayID and any reference from the exchange deposit screen.
5. Send PayID in the Bendigo app
   Open the Bendigo Bank app, tap Pay then PayID, enter the PayID, confirm the payee, and approve; first time recipients may add prompts.
6. Wait for funds to arrive
   Osko PayID is typically instant, but new payees may be delayed by extra checks.
7. Purchase Bitcoin
   Buy BTC after your deposit is credited.
8. Secure your Bitcoin
   Move BTC to a wallet if you want self custody.

Frequently Asked Questions

Can I buy Bitcoin with Bendigo Bank?

Yes. Bendigo Bank customers typically fund exchanges like CoinSpot, Kraken, Binance, or Independent Reserve using PayID or a BSB and account number transfer. Bendigo publishes daily payment limits for transfers, so your deposit size may need to fit within the Pay Anyone limit you have set. If you want faster settlement, use PayID because PayID payments usually run over Osko.

What are Bendigo's Pay Anyone limits and why do they matter for exchange deposits?

Bendigo Bank outlines transfer limits in its support content, including how daily limits apply to outgoing payments. If your exchange deposit is above your current limit, it will fail even if your balance is fine. Increase the limit ahead of time, then do a small test deposit first.

How do Bendigo PayID payments behave for instant exchange funding?

PayID payments typically route through Osko, which is designed to send transfers in under a minute between participating banks. If your deposit is delayed, it is usually a security hold or the receiving exchange processing it as a first-time payment. PayID is still the best rail for speed when it works.

Does BPAY from Bendigo clear fast enough for a same-day crypto buy?

BPAY is generally slower than PayID, especially when you pay after daily cut-offs or on weekends. Bendigo's BPAY guidance and the BPAY scheme's own material make it clear BPAY is a bill-payment method, not an instant transfer. Use BPAY when timing is not critical.

Why did my Bendigo transfer land as a standard deposit instead of Osko?

Osko is not guaranteed for every payment and some transfers fall back to standard processing based on receiving bank eligibility or security checks. If you need the fastest deposit path, use PayID and keep the payee details exact. A small test deposit can confirm whether the exchange deposit details are correct.

Are Bendigo debit card crypto deposits reliable, or do they get blocked?

Card deposits tend to be less reliable than bank transfer because they pass through extra online purchase checks. Bendigo supports Visa Secure for online card authentication, which can add prompts or declines depending on the merchant. If you want fewer failures, use PayID or a bank transfer.

Evidence & Verification

This page references 4 sources: Bendigo Transfer Limits, PayID FAQs (AusPayNet), Osko Payments (AusPayNet). Information was compiled from official sources and user reports.

Sources:

• Bendigo Transfer Limits
• PayID FAQs (AusPayNet)
• Osko Payments (AusPayNet)
• AUSTRAC Exchange Register

How we verify · Report an error

Information can change without notice. Always verify current policies directly with your bank and exchange before making transactions.