IBAN/SWIFT Discussions

At the moment whether or not you can receive euro payments depends on the sending bank. Right now we have a correspondent relationship with another bank for euro payments, but this only works for non-SEPA euro payments. If the bank you send the money from is able to send non-SEPA euro payments and can discover our correspondent, the money will reach your account.

Right now we can’t receive SEPA payments as we haven’t joined the SEPA Credit Transfer Service. If the sending bank only attempts to send euros in the form of a SEPA Credit Transfer then they will refuse to send the payment as they will see our BIC cannot receive them. We are currently working on joining the SCT service, so this should become a lot more reliable in the coming months, and we’ll talk more about that closer to the time.

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