nadiagant on Nostr: They have blocked all the BSBs from our SMSF. Their advice is that they are ...
They have blocked all the BSBs from our SMSF. Their advice is that they are protecting us from scams. Clearly that’s a lie as they let us transfer from a non SMSF account. I can only assume the truth is they don’t want to see large amounts of superannuation money (which is actually the governments pot to tax later in our lives) leaving the system.
I’ve had a lot of trouble with CommBank from my personal account but they now allow max $10k to exchanges each month. Should be fine for most people to DCA each month.
ING - I’ve called them and they said they won’t support most exchanges with an SMSF.
NAB - apparently pretty good and allow $40k per day to Coinstash. I haven’t got firsthand experience.
ANZ - were great to talk to on the phone. For an SMSF you have to go in and set up an account at a branch and then they support transfers to CoinSpot. I’ve used CoinSpot and was happy with it.
The banks seem to be changing their minds with the wind! There’s always a way though so stay persistent.
I’ve had a lot of trouble with CommBank from my personal account but they now allow max $10k to exchanges each month. Should be fine for most people to DCA each month.
ING - I’ve called them and they said they won’t support most exchanges with an SMSF.
NAB - apparently pretty good and allow $40k per day to Coinstash. I haven’t got firsthand experience.
ANZ - were great to talk to on the phone. For an SMSF you have to go in and set up an account at a branch and then they support transfers to CoinSpot. I’ve used CoinSpot and was happy with it.
The banks seem to be changing their minds with the wind! There’s always a way though so stay persistent.