Binance Australia has officially restored direct Australian dollar (AUD) deposits and withdrawals, bringing an end to nearly two years of limited fiat access for local users.
The exchange confirmed that verified customers can once again fund and withdraw accounts using PayID and standard BSB/account number bank transfers, reinstating the most commonly used payment rails in Australia’s banking system.
How the Restoration Works
The renewed fiat access is powered by a new partnership with Bolt Financial Group, which now enables Binance Australia’s local bank transfer infrastructure.
AUD deposits & withdrawals are back on Binance AU 🇦🇺
PayID or BSB. Fast. Simple. Secure.
Deposit AUD & start trading 👉 https://t.co/jLZ5yeJr55 pic.twitter.com/46xO7Mdfjn
— Binance Australia (@Binance_AUS) January 19, 2026
Following a phased rollout to a subset of users during the final months of 2025, the service is now fully available to all verified Australian customers. Binance also confirmed that deposits via these bank transfer methods are currently supported with zero fees, lowering the cost of moving funds onto the platform.
Why AUD Access Was Cut in the First Place
Binance Australia’s fiat services were effectively shut down in mid-2023 after its former payments partner, Cuscal, terminated the relationship. The decision left users unable to deposit or withdraw AUD via bank transfers, forcing them to rely on debit and credit cards or peer-to-peer markets, often at significantly higher fees.
The disruption marked one of the most challenging periods for Binance’s Australian operations, as direct bank transfers had been the primary funding method for most local users.
Looking Ahead to 2026
Matt Poblocki, General Manager of Binance Australia, described the return of AUD bank transfers as a “foundation” for the company’s growth in 2026, noting that restoring fiat access was the single most requested feature among Binance’s hundreds of thousands of Australian users.
With real-time PayID transfers and standard bank withdrawals back online, Binance Australia is once again positioned to compete on equal footing in the local market, removing a key friction point that has shaped user behavior since 2023.
