Receive payouts via local wire transfer in EUR (EU)

Overview

Local wire transfer in EUR is a transfer of funds between banks within the SEPA area. This method is valued for its reliability, convenience, and speed, as it allows a direct transfer from one bank account to another.

Supported currencies

Euro (EUR)

📌 If the currency of your balance in Smartcat is not Euro (EUR), the funds are converted to Euro (EUR) using the Smartcat exchange rate.

Commission

2.5 USD + 0.5% of the withdrawal amount. The fee is converted into the payout currency at the time of the transaction.

Minimum and maximum payout amount

From 9 EUR to 100,000 EUR.

Smartcat lets you set the minimum amount from which a payment is sent to you. Learn more in Minimum payout amount.

Required details

Advantages

• Convenient. Funds are received directly to your bank account in local currency EUR

• Reliable. Bank transfer is one of the safest ways to receive money

Countries where local wire transfer in EUR is available

FAQs

I chose this method, but the payment was rejected. Why?

Act as follows:

• Make sure you provide payment details for a local bank transfer (not an international SWIFT transfer)

• Make sure that the postal code, city, street, and house number are specified in the corresponding fields of the details. Make sure you do not enter a PO box or email address instead of your residential address

• Check that the details you specified are correct (IBAN, SWIFT, bank name, bank address)

• Make sure the name of the account holder is entered in the details exactly as it is in the bank details, including all spaces and symbols

I cannot find the payment. What does the payment look like on the bank statement?

The purpose of the payment indicates the payment ID in the format PO-XXXXXX-XXXXX, which you can find in the Payout History section.

SMARTCAT EUROPE B.V. or THE CURRENCY CLOUD LIMITED appears as the sender, depending on the beneficiary's bank.

I received a payment. What details should be used for billing?

When receiving funds by local bank transfer in EUR, enter the following Smartcat details in your invoice:

• Company name: Smartcat Europe BV

• Company address: Strawinskylaan 903, 1077 XX Amsterdam, the Netherlands

• VAT no.: NL859832880B01

For which countries is this method available?

To see if this method is available to you, check your options when adding a payout method in the My Payouts section. If it is listed for your chosen country or region, you can specify your bank account as the withdrawal method.