You can use SWIFT for GBP and EUR transfers. In this article, you’ll find a step-by-step instruction on how to deposit and withdraw funds via SWIFT.
Note: This payment method is unavailable in some countries and regions due to local and international laws and regulations. For more information, please see the list of available countries or contact support at support@coinloan.io.
How to deposit EUR and GBP via SWIFT
In the web platform
Log in to your CoinLoan account or sign up if you have none.
Go to Wallet > EUR > Deposit or Wallet > GBP > Deposit, depending on the currency you’d like to deposit.
Choose the SWIFT payment method.
EUR and deposit methods – Web platform
Enter the desired amount into the field and click the Continue button.
Note: Entering a particular amount at this stage does not oblige you to deposit precisely the same sum in the following steps. The minimum deposit amount is 5,000 for EUR and GBP.
Choosing SWIFT as deposit method – Web platform
⠀⠀5. Initiate a transfer from your bank account in the corresponding currency.
SWIFT deposit details in EUR and GBP – Web platform
In the mobile app
Go to the Wallet module.
Choose EUR (or GBP) and the SWIFT deposit method.
Choosing SWIFT as deposit method — Mobile app
⠀⠀4. Enter the desired amount in the Deposit module and click the Confirm button.
Note: Entering a particular amount at this stage does not oblige you to deposit precisely the same sum in the following steps. The minimum deposit amount is 5,000 for EUR and GBP.
⠀⠀5. Initiate a transfer from your bank account in the corresponding currency.
SWIFT deposit details — Mobile app
Important notes
The name on your bank account form must match the registered name on our platform.
Your transfer details have to be put precisely like in the SWIFT Details form. Otherwise, your transfer won’t succeed.
The Reference you see after clicking Continue is a unique code you should use precisely for your transfer to go through. If you don’t know which field to put it in, please contact your bank.
If you want to make a deposit through a corporate bank account, upgrade your CoinLoan account to a corporate one by contacting support@coinloan.io.
CoinLoan takes over transfer fees. However, some additional fees might be charged by intermediate banks SWIFT uses for transferring your funds.
SWIFT transfers usually take up to 3 business days.
How to withdraw EUR and GBP via SWIFT
In the web platform
Log in to your CoinLoan account.
Go to Wallet > EUR > Withdraw or Wallet > GBP > Withdraw, depending on the currency you’d like to withdraw.
Choose the SWIFT payment method.
GBP withdrawal methods – Web platform
⠀⠀4. Enter the desired amount into the field and click the Continue button.
Note: The minimum withdrawal amount is 5,000 EUR or 4,000 GBP.
Choosing SWIFT as withdrawal method – Web platform
⠀⠀5. Fill out the Beneficiary Information form.
⠀⠀6. Click the Withdraw button.
SWIFT withdrawal details – Web platform
In the mobile app
Go to the Wallet module.
Choose EUR (or GBP) and the SWIFT withdrawal method.
Choosing SWIFT as withdrawal method — Mobile app
⠀⠀4. Fill out the Beneficiary Information form and click the Continue button.
Note: The minimum withdrawal amount is 5,000 EUR or 4,000 GBP.
SWIFT withdrawal details — Mobile app
Important notes
Please double-check the information you enter. A withdrawal goes through only if the information is correct.
You can find your account number (IBAN) on the bank statement. If you don’t know where to find it, please contact your bank.
BIC is the Bank Identification Code used to identify your bank when making an international transfer. You can find it on the bank statement as well.
SWIFT transfers usually take up to 3 business days.