Region support
CoinJar currently supports the ability to accept bank transfers from Australian bank accounts exclusively.
More information on CoinJar region support
Transferring funds to your CoinJar in Australia
CoinJar offers PayID, BPAY and Blueshyft deposits for all Australian dollar transfers to CoinJar.
PayID and BPAY transfers are made digitally from either your bank account or directly within the CoinJar interface, whereas Blueshyft allows you to deposit cash directly into your CoinJar from a physical location.
| Transfer method | PayID | BPAY | Blueshyft |
| Supports instant transfers | Yes | No | Yes |
| Supports cash deposits | No | No | Yes |
Deposit eligibility
- In order to be eligible to transfer Australian dollars into your CoinJar, you must first complete ID verification. If you don’t wish to become verified, you can still use CoinJar to send and receive bitcoin, however you won’t be able to transfer funds to or from your personal bank account or convert currency.
- The bank account you transfer funds from must be under your own name - not a third party. Linking your bank account to your CoinJar is not required in order to make a new deposit.
Transferring funds to your CoinJar with PayID / NPP
Deposits made to your CoinJar using PayID typically arrive within a few minutes and can be initiated outside of business hours without any additional delay.
First-time deposit delay
The very first PayID deposit you make to CoinJar may take up to 24 hours while your bank performs security checks.
Transferring funds to CoinJar using PayID is powered by Osko®, which is built on the New Payments Platform (NPP). Not all Australian banks support PayID at this time. A list of banks that offer NPP payments is available on the NPP website.
Viewing your CoinJar's PayID details
- From the Home tab, select 'Deposit'
- Select 'PayID / NPP'
- Review the important information about this deposit method, then select 'View PayID details'
Making a payment to your CoinJar's PayID
- Once you have CoinJar's PayID and your reference number, sign in to your online banking and make a new PayID payment. This process will vary depending on your bank.
- Enter CoinJar's PayID and your reference number, along with the amount you wish to transfer to your CoinJar. You must not include anything besides the reference number alone - don't accidentally enter "Reference: ".
Important PayID requirements
- You must ensure to make a PayID deposit using only a bank account in your name.
- You must include your unique reference number in the description field for the payment to be successful. Payments with incorrect, incomplete or missing information will be automatically rejected and returned to the sending bank account.
Transferring funds to your CoinJar with BPAY
Similar to a regular bank transfers, BPAY allows you to send funds to your CoinJar from your online banking. There are no fees involved with making new BPAY transfers, however please refer to 'Important BPAY requirements' below for details regarding credit payments.
All verified CoinJar customers have been assigned their own unique BPAY reference number. This reference number will never change, meaning you can easily schedule future transfers from your online banking.
- From the Home tab, select 'Deposit'
- Select 'BPAY'
- Review the important information about this deposit method, then select 'View BPAY details'
BPAY transfers are not instantaneous. For details on how long it will take for your funds to reach CoinJar, please refer to our dedicated Knowledge Base article.
CoinJar utilises reserved balances to minimise the risk of fraudulent BPAY transfers, and these can influence the time it takes before you can withdraw your bank transfer from CoinJar. Please ensure you take this into consideration when making a new deposit into your CoinJar from your bank account - full details are available within the 'Deposit' section of your CoinJar app.
CoinJar's BPAY biller name
When making a BPAY transfer from your online banking, you may be given the option to show the biller name within your online banking interface. The biller name will be displayed as "CoinJar" or "Payment Technologies".
Important BPAY requirements
- Please note that CoinJar does not allow BPAY transfers sent from credit accounts or from third parties. Only make BPAY transfers from a transaction account in your own name and from a regular transaction account. Accidental credit card transfers to CoinJar can face delays of up to several weeks, as well as additional processing fees - our payment provider charges a 2.9% processing fee for any credit payments. This fee remains even if the payment is reversed.
- When making a transfer, please ensure the amount remains within your daily deposit limit to avoid additional delays.
- A minimum transfer amount of $10 is required. BPAY transfers under $10 will automatically incur a $1.50 processing fee.
- CoinJar's payment provider can currently accept BPAY transfers in $10,000 increments. If you are depositing more than this amount, please split the payment across multiple transfers.
Transferring funds to your CoinJar with Blueshyft
Blueshyft allows you to deposit physical cash into your CoinJar from a selection of locations across Australia. These cash deposits do require a Blueshyft payment processing fee of 1.5%, however they allow you to make instant cash transfers into your CoinJar.
To transfer Australian dollars to your CoinJar using Blueshyft:
- From the Home tab, select 'Deposit'
- Select 'Blueshyft'
- Review the important information about this deposit method, then select 'Start a deposit'
- Enter the amount you'd like to deposit, then select 'Next'
- You'll be presented with a unique QR code you can scan at your nearest outlet - this QR code will also be automatically emailed to you
- Present this QR code to a sales assistant at the Blueshyft cash deposit location of your choice, advising you wish to make a new cash deposit using Blueshyft. They will be able to assist with completing your deposit
- Select 'Find my closest outlet' if you need to find your nearest Blueshyft deposit location
- Your cash deposit (minus the Blueshyft payment processing fee of 1.5%) will be added directly to your CoinJar's Cash Account