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My experience with Commbank/UBank in Australia

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by COINS NEWS 89 Views

Well I've been saving my money trying to come back into the market when it was low but it looks like my banks had other plans.

Firstly I tried to transfer my funds to crypto.com from Commonwealth Bank and it failed as they had a 10k limit on it. So I mentioned that on some other Australia finance subreddits about this issue and a bunch of people suggested i vote with my $$$ and change banks and a few people suggested UBank. So I opened my Ubank account transfer my money and tried to deposit it into my crypto.com account and it failed with an error telling me I had to contact Ubank. So I waited until Monday called them, they said they saw the transaction and that they'd approve the transaction in a few hours and message me when it was ready.

2 hours later, they emailed me, my account had been locked, then my account had been closed and they wanted another bank details to transfer my money into which would take 5 days. I called them back the phone support person said they had no information that they could provide but if i wanted clarification to reply to the email.

I replied to my email, then they replied back that they'd resolved my case and to have a good day. I've replied back to that email saying nothing was done and i wasn't informed of any of the reasons why my account has been closed.

I can't believe what a drama it's been trying to invest in crypto.

submitted by /u/paulymat
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