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After months of phased testing, Binance Australia has reintroduced real-time PayID and bank transfer funding for local users. The post AUD Deposits and WithdrawalsAfter months of phased testing, Binance Australia has reintroduced real-time PayID and bank transfer funding for local users. The post AUD Deposits and Withdrawals

AUD Deposits and Withdrawals Reinstated on Binance Australia

Author: Cryptonews AU

Source: Cryptonews AU

2026/01/20 12:12

BANK$0.05313+4.68%

Binance Australia has fully reinstated AUD deposits and withdrawals via PayID and bank transfer from 16 January 2026.
The rollout follows months of phased testing and renewed compliance controls after a prolonged suspension of bank transfers.
A limited-time promotion offers a AU$5 token voucher to eligible users depositing at least AU$50 AUD.

Australian dollar deposits and withdrawals have been reinstated on Binance Australia, with PayID and bank transfer services available again to all local users from 16 January 2026. The exchange confirmed that customers can now fund and withdraw from their accounts through the standard AUD deposit flow using PayID or BSB transfers.

Binance said the full rollout follows a phased release that was previously limited to a smaller group of users over recent months. During that interim period, Australian customers were restricted to using debit or credit cards to move funds on and off the platform.

The reinstated services reconnect Binance’s exchange with Australia’s domestic payments infrastructure, enabling real-time transfers via PayID alongside traditional bank transfers. According to the company, restoring these options addresses long-standing friction for users moving funds between bank accounts and crypto holdings.

Related: From Metaverse to Institutional Money: Why Real-World Assets Are Blockchain’s Real Breakthrough

Customer Demand Drives Fiat Return

Matt Poblocki, General Manager for Binance Australia and New Zealand, said bank payments and fiat on- and off-ramps had consistently been the most requested feature from customers. He added that access to traditional financial services directly affects participation, confidence, and trust within the digital asset market.

Binance said it strengthened compliance controls and refined the user experience during the staged rollout before expanding access nationwide. The company did not disclose details on fees, deposit limits, or bank partners associated with the reinstated services.

To mark the relaunch, Binance has introduced a limited-time promotion offering a AU$5 token voucher to users who deposit at least AU$50 via PayID or bank transfer. Users must register for the promotion through the Activity Page before making a qualifying deposit to be eligible for the reward.

Related: China’s Digital Yuan Goes Global as mBridge Transactions Surge Past $55B

The post AUD Deposits and Withdrawals Reinstated on Binance Australia appeared first on Crypto News Australia.

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