Local wire transfer in EUR is a transfer of funds between banks within the SEPA area. This method is highly appreciated for its reliability, convenience and speed, as it allows direct transfer from one bank account to another.
Please note that if the currency of your balance in Smartcat is not Euro (EUR), the funds will be converted to Euro (EUR) using the Smartcat exchange rate.
Minimum and maximum payout amount
From 4 EUR to 100,000 EUR
Smartcat allows setting the minimum amount, starting from which the payment will be sent to you. You can learn more in the article "Minimum payout amount."
Individual or company beneficiary
Beneficiary first name
Beneficiary last name
Beneficiary's last name
Beneficiary's birth date
Beneficiary company name
Beneficiary's company legal name
8-11-digit code identifying the country, city, bank and bank branch of the beneficiary
The beneficiary's international bank account number, up to 34 characters long (including numbers and letters)
Bank address (including country)
Address of the branch of the bank where the beneficiary has an account
Name of the bank where the beneficiary has an account
Country of actual residence of the beneficiary/registration of the beneficiary company
Recipient's city of residence
City of actual residence of the beneficiary/registration of the beneficiary company
Address of actual residence of the beneficiary/registration of the beneficiary's company
Recipient's postal code
Index of actual residence of the beneficiary/registration of the beneficiary's company
Free. Smartcat does not charge you a fee for withdrawing funds using this method.
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.
Frequently Asked Questions
Q: I chose this method, but the payment was rejected. Why?
A: 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 that you do not enter a PO box or email address instead of your residential address.
Check if the details you have specified are correct (IBAN, SWIFT, bank name, bank address).
Make sure that the name of the account holder is entered in the details exactly as it is in the bank details, including all spaces and symbols.
Q: I cannot find the payment. What does the payment look like on the bank statement?
A: 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.
Q: I received a payment. What details should be used for billing?
A: When receiving funds by local bank transfer in EUR, you need to enter the following Smartcat details in your invoice: Company name: Smartcat Europe BV Company address: Strawinskylaan 613, 1077 XX Amsterdam, the Netherlands VAT no.: NL859832880B01
Q: For which countries is this method available?
A: 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.
Countries where local wire transfer is EUR is available
United Kingdom of Great Britain and Northern Ireland