Westpac's crypto-payment policy, effective Dec. 1, sets a cumulative A$10,000 monthly allowance for each customer across relevant accounts and covered payment methods. The bank's policy lists online banking, the Westpac App, credit cards and debit cards among channels where the limit may apply, with app transfers and card payments drawing on the same allowance when covered. Westpac may reject additional eligible payments to identified cryptocurrency exchanges once the cumulative amount reaches A$10,000 in a calendar month, with the allowance resetting when the next month begins. The bank will also stop supporting in-branch payments it reasonably identifies as going to those exchanges. The limit applies across covered products and payment channels, including a customer's share of joint-account payments, with no exemptions or increases. Withdrawals from exchanges into Westpac accounts remain unchanged. The policy applies only where Westpac identifies an applicable exchange payment, and the covered exchanges, payment details, products and methods may change over time. Westpac presents the measure as a response to cryptocurrency scam risks, following its May 18, 2023 release about phased trials of protections for some cryptocurrency payments.