CoinJar enables bank account deposits using POLi for bitcoin purchases

Investing | December 11, 2015 By:

CoinJar announced it has enabled bank account deposits using POLi for bitcoin purchases.

CoinJar users will be able to use POLi bank account deposits, assuming their account is verified. Deposits of up to AU$500 will be processed instantly, whereas higher amounts will still take 1-2 business days to clear. POLi makes it more convenient for novice users to buy their digital currency, as most of them will do so in smaller quantities.

The company has enabled the POLi option on their “Quick Deposit” page, and users can go through this process by selecting “pay with Internet Banking” on the POLi page. As part of the payment process, users will be able to log into their online banking account, and complete the payment. Depending on the amount they are planning to spend, it will either be instant or take 1-2 business days. The best part about POLi is how there are no additional fees associated with the process.

Coinjar is an Australian bitcoin services company.