With 1-step to crypto, simply deposit to your unique PayID or BSB & Account number. Yip. That's all you have to do.
You can also deposit via direct debit inside the app. Just tap deposit now and you're all set.
Automate your investments
Set up weekly, fortnightly and monthly purchases to set and forget, allowing you to buy crypto without thinking.
Supercharge the app
All you need to do is Supercharge the app by heading to settings and toggling on Supercharge. You'll then see all the crypto features you need.
Got US$ and want crypto? We got you.
Simply transfer between your wallets without hassle. Go from US$ to crypto and back in an instant.
How do I sign up?
Simply download the app from the Apple App store or Google Play store and verify your identity!
How do I deposit?
First deposits need to be via bank transfer. After you've made a successful first deposit, you can then direct debit via the app, without leaving! We provide you with your own BSB and Account details as well as your own PayID. Simply head to the Deposit screen, copy the relevant details into your banking app and transfer funds! Leave the rest up to us.
The current financial system is out of line, skewed in others’ favour, all while making you spend more, pushing adverts to your screens to Buy Now and Pay Later (with late fees!).
We’re flipping this around by trying to urge our customers to Save Now and Have More Later. We partner with the world's biggest financial institutions & utilise the new financial system behind the scenes to put your money to work for you.
These financial institutions borrow your money and lend it to their clients at high interest rates.
What we do differently from most - instead of keeping most of the return on your money and hand you back peanuts 🥜 we instead pass you at least 50% - and 100% of the return if you refer your family and friends, helping our business grow and allowing us to change the spending and savings habits of more people 🌍
You can read more about how bobbobworks on our How page.
What are the risks involved?
All investments carry financial risk. After depositing AUD, your funds are converted into USD* and sent to our partners to lend out. As your funds are now denominated in USD, your AUD balance may fluctuate based on the foreign exchange rate. As our Vision details, we plan to add an AUD account in the future, which will come with less foreign exchange risk but also a lower return.
Is bobbob insured?
As we're not a bank, unfortunately, we don't qualify for the FCS scheme. Bobbob is an investment account rather than a savings account (which the FCS is for).
While Bobbob and its partners make every effort to keep your money safe, please note that any investment entails financial risk.
For more info, you can read the Information Statement which outlines the benefits as well as risks of Bobbob.
Is bobbob legit?
Yes of course, we're a legitimate business based in Sydney with a world-class team, trying to do finance in a different (and fair) way. We're a Corporate Authorised Representative of an ASIC AFSL License Holder.
Digital Assets (cryptocurrencies) are not regulated in Australia and carry investment risk. Bobbob is a registered DCE (DCE100777991-001) regulated by AUSTRAC.
Bobbob Pty Ltd, ACN 652793318, is an authorised representative (Authorised Representative No. 1296199) of Sanlam Private Wealth Pty Ltd (Australian Financial Services Licence No. 337927) (Sanlam). Please note, our crypto features like Salary in Crypto & Transfer are not regulated by ASIC. The Bobbob Account is not a bank deposit or bank account.
USDC (USD Coin) is a digital asset, a digital US Dollar. Each USDC is worth US$1.00, and is always redeemable on a 1:1 basis for US dollars. Digital dollars move at the speed of the internet and are cheaper and more secure than existing payment systems. USDC is fully backed by cash and equivalents and short-duration U.S. Treasuries, so that it is always redeemable 1:1 for U.S. dollars. Each month, Circle (https://www.circle.com/en/usdc) publish attestation reports by Grant Thornton regarding the reserve balances backing USDC.