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<p>Last week I wrote about SMSF trustees sent into a branch to approve a transfer to a crypto exchange.

From 1 December, Westpac won't process payments to exchanges in a branch at all, and caps the rest at A$10,000 a month, with no exemptions.

At that pace, moving A$300,000 onto an exchange takes 30 months.

If you're a trustee rolling over a big balance, the fund's bank now decides how fast you can buy.</p>

Last week I wrote about SMSF trustees sent into a branch to approve a transfer to a crypto exchange.
From 1 December, Westpac won't process payments to exchanges in a branch at all, and caps the rest at A$10,000 a month, with no exemptions.
At that pace, moving A$300,000 onto an exchange takes 30 months.
If you're a trustee rolling over a big balance, the fund's bank now decides how fast you can buy.

Last week I wrote about SMSF trustees sent into a branch to approve a transfer to a crypto exchange. From 1 December, Westpac won't process payments to exchanges in a branch at all, and caps the rest at A$10,000 a month, with no exemptions. At that pace, moving A$300,000 onto an exchange takes 30 months. If you're a trustee rolling over a big balance, the fund's bank now decides how fast you can buy.

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