Changes to Terms and Conditions – Savings Accounts and Payment Services

From 1 July 2026, we’re updating our Terms and Conditions for Savings Accounts and Payment Services to support changes made to cryptocurrency payment limits. The new Terms and Conditions for Savings Accounts and Payment Services will be available on our website.

We encourage you to review the updated Terms and Conditions once available on our website to understand how these changes may affect you.

What are the changes?

We may limit transactions across all your Qudos Bank accounts to what we determine to be cryptocurrency exchanges or transfers for cryptocurrency purposes to a maximum of $10,000 per calendar month.

This does not impact withdrawals from cryptocurrency exchanges, you can still withdraw from cryptocurrency exchanges to your Qudos Bank accounts.

Why are we making these changes?

In recent years, due to the increased use of cryptocurrency exchanges, we’ve seen more customers losing funds from cryptocurrency exchange scams. These scams take various forms, but one common tactic involves deceiving customers who believe they are investing in non-crypto assets. Instead, scammers divert their funds to cryptocurrency exchanges.

Because of this, we’re implementing measures to help reduce the frequency of these types of scams and fraud.

Need more information?

Please contact us on 1300 747 747 if you have any questions or require further information.