Swyftx offers three methods of depositing AUD: Bank Transfer, POLi and PayID.

Bank Transfer

Benefits: Each bank account is it's own unique account, meaning that banks can't track or shut down your account. Because it's a unqiue account, you also don't have to mention anything to do with crypto in your transfer.
Deposit Times:  Instant from OSKO bank accounts, or 2-6 business hours from other accounts. Non OSKO transfers are checked at approximately 9am, 12noon, 3pm, 6pm, 8pm, and 10 pm AEDT on every banking business day.


Benefits: Is an instant deposit method that works with a lot of banks.
Deposit Times: POLi deposits are credited and tradable within a minute, however the funds will be locked from withdrawals until the deposit clears. See here for more information 


Benefits: Deposits are almost instant and more banks are supporting it over time.
Deposit Times: Almost instant. Some banks may delay the first PayID you make for up to 24 hours though, particularly Commonwealth Bank.

Further Questions?
If you have any further questions or if this article didn't help, please let us know via live chat.

Did this answer your question?