Changes to payments to cryptocurrency exchanges
What's changing?
From 1 December 2026, we may limit payments we reasonably identify as being made to cryptocurrency exchanges to a $10,000 cumulative monthly limit.
Why we're introducing this limit
Criminals are increasingly encouraging people to send money using cryptocurrency, where it can be very difficult to get your money back once it’s been sent. National Anti-Scam Centre data shows almost half (46%)* of reported scam losses last year involved cryptocurrency. For more information about scams, see Types of Scams & Fraud.
How this limit works
St.George is introducing a $10,000 cumulative monthly limit on payments we reasonably identify as being made to a cryptocurrency exchange. The limit only applies to cryptocurrency exchanges identified by St.George at the time the payment is made. Not all cryptocurrency exchanges and payment details accepted by individual exchanges may be included.
Your payments are counted across the month
Each payment you make using a relevant product or payment method to a cryptocurrency exchange identified by St.George contributes towards your $10,000 cumulative monthly limit.
Multiple payments count towards the same limit
The limit applies across your St.George accounts. The $10,000 limit is calculated across relevant St.George accounts and payment methods.
Once you reach the limit
If your cryptocurrency payments reach $10,000 in a calendar month, additional eligible payments to St.George identified cryptocurrency exchanges may be rejected until the next calendar month begins.
Frequently asked questions
We may reject payments that exceed the $10,000 cumulative monthly limit.
Important information
* Source: Anti-Scam Centre, Targeting Scams Report 2025, March 2026
This information is general in nature and has been prepared without taking your personal objectives, circumstances and needs into account. You should consider the appropriateness of the information to your own circumstances and, if necessary, seek appropriate professional advice.