NAB, Bitcoin and You

Please take a look at our latest post, The Future of Filler, for an update on the below announcement.

NAB recently advised of their intentions of exiting the Australian Bitcoin industry. This means that our banking relationship with them will soon come to an end. We’ve learned from NAB that this is a part of a broader strategic and policy shift on their behalf. We’re disappointed with NAB’s decision – as it affects many companies in Australia – but are grateful for the service they’ve provided us to this point and how they’ve handled delivering the news.

Your Filler (Australian dollar) balances and your bitcoin are safe and secure. We’re working on new ways to use Filler and, while we’re at it, we’re going to make it faster than ever to deposit Australian dollars into your CoinJar. If you currently bank with NAB, you will no longer enjoy fast tracked electronic transfers when our relationship ends.

We have done this before; we transitioned from another banking partner in 2013 in a much shorter timeframe. NAB have given us plenty of notice which allows us to transition with minimal disruption to service. We’ll keep you updated through every stage.

Please don’t hesitate to contact us via our Support portal if you have any questions or concerns regarding this transition. As always, keep an eye on our blog, Twitter and Facebook for updates.

Thanks for bitcoining with us!

Team CoinJar

Comments (13):

  1. stephen carpenter

    April 10, 2014 at 10:50 am

    How will you remit funds when Btc are sold on this site?

    • Andrew (CoinJar)

      April 10, 2014 at 11:37 am

      Hi Stephen! Access to your Australian dollar balance in Filler is secure and remains available for withdrawal at any time. We will provide plenty of notice if this changes.

  2. Mark

    April 10, 2014 at 11:55 am

    Aren’t we running out of possible bank choices here in Australia?


    • Andrew (CoinJar)

      April 10, 2014 at 12:12 pm

      Hi Mark, there are still options! Stay tuned for updates.

      PS I removed part of your message. We prefer to keep the CoinJar blog free of political discussion.

  3. Phill

    April 10, 2014 at 12:34 pm

    I opened an account with your current banking partner specifically because they supported CoinJar and Bitcoin. Have they made their announcement to end this support public? I would like to be able to refer to a public announcement from them if I end up discussing it with them in the near future.

    • Andrew (CoinJar)

      April 10, 2014 at 2:19 pm

      Hi Phill, we received the advice directly from NAB and are not aware of any public statement from them on the matter.

  4. Angie

    April 10, 2014 at 3:20 pm

    I am with Phil. I only transferred to NAB yesterday for this reason. I hope they make a public statement soon so I may leave them again.

  5. barking bandicoot

    April 11, 2014 at 11:06 am

    [redacted] Is it possible to use a credit union that has an association with Aus Post so that deposits can be made there?

    • Andrew (CoinJar)

      April 11, 2014 at 12:15 pm

      Thanks for your support (while I had to remove part of your comment, you are welcome to express your feelings in other forums).

      We’re currently working on the finer details of our future strategy. Stay tuned for the specifics in the coming weeks.

  6. vcmint

    April 11, 2014 at 6:36 pm

    Accepting credit card payments could be a way of being able to get instant deposits?

  7. Andrew

    April 12, 2014 at 7:31 pm

    We have MANY options – Here is a list of Australian owned banks & then we have the Foreign owned banks that reside in australia we can even use them if it comes down to it.

    I wonder Who is using

  8. Gary

    April 14, 2014 at 5:19 pm

    I’m a commonwealth customer and i’ve found if i withdraw from filler before noon, the funds are in my commonwealth account before 7pm. Only twice as it been as long as the next working day.
    I hate banks, but withdrawing to their bank is super quick. Quickest withdraw than any other site for anything iv’e wanted to withdraw before.

    I’d say that is pretty lightning fast.

    (Just for those wanting a quick way to get their BTC to their bank)

Comments are closed.