Segregated custody. Crypto held under the default option is held on trust for you by Westpac Digital Asset Custody Pty Ltd, operating under AFSL conditions set by the Corporations Amendment (Digital Assets Framework) Act 2026. Client assets are segregated from Westpac Banking Corporation's balance sheet and are not available to Westpac's creditors in an insolvency.
WestpacEarn (opt-in only). If you enable WestpacEarn, you transfer legal title of the specified balance to Westpac Banking Corporation. Those balances are not held on trust, are not covered by the Financial Claims Scheme, and may be lent, pledged, or otherwise used by Westpac on a fractional-reserve basis. You rank as an unsecured creditor for the return of an equivalent quantity of the relevant crypto asset plus accrued yield.
Read the full Product Disclosure Statement
You can turn this on or off anytime per asset.