How to Add Funds to Your CoinJar Account

Wondering how to add funds to your CoinJar account? Here is how to get started on your cryptocurrency transactions by depositing Australian Dollar (AUD), Euro (EUR), or British Pound Sterling (GBP) into your CoinJar account.

This guide outlines the deposit methods available for individual account holders.

A few quick notes: Deposits cannot come from joint accounts. Also, each bank account can only be linked to one CoinJar account.

Keep in mind that there are other ways to buy crypto as well. You can purchase crypto instantly with our Instant Buy feature using a credit or debit card.

Deposit Options for AUD

PayID: Fast and Fee-Free AUD Deposits

-Cost: No deposit fees

-Processing Time: Typically arrives in minutes; first-time deposits may take up to 24 hours due to bank security checks

-Availability: Not all Australian banks support PayID

PayID offers a quick way to fund your CoinJar account using a unique email address linked to your account. Deposits can be made anytime, including outside business hours, with no delays.

Steps to Deposit via PayID

From the CoinJar home screen, click "Deposit" and select PayID. Note your unique PayID email address (e.g., sample12345@payid.coinjar.com).

Log into your bank’s app or website and initiate a new transfer.

Select "email address" as the recipient type and enter your CoinJar PayID email address. Avoid selecting "Organisation ID" or "Business."

Input your desired deposit amount.

Confirm the transfer.

Key Notes

-Deposits must come from a bank account in your legal name, or they will be rejected.

-No reference number is needed for PayID deposits. The description field can be left blank or filled with any text.

-Balance: Funds are not held in reserved balance, the money is immediately available for use in your account.

Bank Transfer: Flexible AUD Funding

-Cost: No deposit fees

-Processing Time: Instant with Osko-supported banks; otherwise, 1–3 business days (not processed on weekends or Australian public holidays)

-Balance: Funds are not held in reserved balance, the money is immediately available for use in your account.

Bank transfers let you send AUD directly to your CoinJar account using a unique BSB and account number, which remain constant for easy recurring transfers.

Steps to Deposit via Bank Transfer

Click "Deposit" on the CoinJar home screen, select Bank Transfer, and note your unique BSB and account number.

Access your bank’s app or website and start a new transfer.

Enter your CoinJar’s BSB and account number.

Specify your deposit amount.

Confirm the transfer.

Key Notes

-Only use bank accounts registered in your legal name to avoid rejection.

-Processing speed depends on your bank’s Osko support. Non-Osko transfers may take longer.

-No minimum deposit; maximums depend on your CoinJar account limits and bank transfer caps.

Deposit Options for EUR and GBP

SEPA: Efficient EUR Deposits

-Cost: No deposit fees

-Processing Time: 1–2 business days.

SEPA transfers allow secure EUR deposits to your CoinJar account using an IBAN and SWIFT/BIC.

Steps to Deposit via SEPA

Go to the "Accounts" section in CoinJar, select "Add account," and create a new EUR account.

Click "Deposit" on the home screen, choose SEPA Transfer, and note the IBAN and SWIFT/BIC.

Log into your bank’s app or website and initiate a new transfer.

Enter the IBAN and SWIFT/BIC from step 2.

If prompted, set the beneficiary name as "CoinJar UK Limited."

Input your deposit amount.

Confirm the transfer.

Faster Payments: GBP Deposits

Note that UK residents must wait 24 hours after account creation before they can deposit funds, trade, or make withdrawals (regulatory requirement).

-Cost: No deposit fees

-Processing Time: Typically within 1–2 hours, the first time may be up to one business day. Faster Payments enable rapid GBP deposits using a sort code and unique account number.

Steps to Deposit via Faster Payments

In the "Accounts" section of CoinJar, select "Add account" to create a new GBP account. Click "Deposit" on the home screen, select Faster Payments (FPS), and note the sort code and account number.

Access your bank’s app or website and start a new transfer.

Enter the sort code and account number from step 2.

Ensure that you enter your Account Name into your banking website or app exactly as it appears on CoinJar's FPS deposit screen. Do not use "CoinJar" or "CoinJar UK Limited" as the Account Name within your banking website / app.

Specify your deposit amount.

Confirm the transfer.

Other Handy Things to Know

In addition to traditional deposit methods, users can also purchase cryptocurrency directly using a debit or credit card for added convenience.

For those seeking a consistent investment approach, CoinJar’s Instant Buy feature enables dollar cost averaging, allowing users to schedule recurring crypto purchases at regular intervals.

Need assistance? If your deposit hasn’t arrived or you have questions, contact our support team.