Bank transfers are one of the most commonly used financial transactions and we've decided to make depositing with them easier. Check out the below instructions to learn how to complete a bank transfer deposit to your Swyftx account.
Bank Transfer Deposits can be made using the BSB and Account number that will be provided to you when you generate a new Bank Transfer Deposit Address via the deposit tab for AUD.
When you are on this page, as shown below, you will be able to select the "Bank Transfer" option from the list of deposit options on the left hand side of this screen and generate your deposit address here. It is also always important to read the "Important Deposit Information" outlined in field 2 below as it provides key information for making deposits such as a minimum limits and any fees that may be incurred here.
Once you have generated the address, the below box will appear and show you the Account Name, BSB, Account Number and Reference to use for your deposit (shown in field 1 below). You will also be able to use the button in field 2 to copy each of these details and input them into your internet banking portal for the purposes of this deposit.
Once you are in your internet banking portal, you will be able to execute a bank transfer as you typically would; add a new payee with the details shown above and then execute a transfer from your bank to your Swyftx account. For more information on how long these transfers can take, please click here.
For more information on bank specific instructions and how to make recurring deposits, please consult the below attached link for your bank:
Although Bank Transfers via the OSKO network are a fast way to deposit your funds, your bank may impose a limit on how much you can send to a new payee address and may also delay the transfer for their own anti-fraud purposes.
If you have any further questions relating to your deposit or if this article didn't help, please don't hesitate to contact our friendly team via live-chat.