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

  1. Log in to your CoinLoan account or sign up if you have none.

  2. Go to My Wallet > EUR > Deposit or My Wallet > GBP > Deposit, depending on the currency you’d like to deposit.

  3. Choose the SWIFT payment method.

    EUR and GBP deposit methods – Web platform

  4. 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

  1. Open the CoinLoan mobile app on your Android or iOS device.

  2. Go to the Wallet module.

  3. 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 care of the SWIFT transfer fees. However, some banks may have their own fee policy, and you might be charged with their fees.

  • SWIFT transfers usually take up to 3 business days.

How to withdraw EUR and GBP via SWIFT

In the web platform

  1. Log in to your CoinLoan account.

  2. Go to My Wallet > EUR > Withdraw or My Wallet > GBP > Withdraw, depending on the currency you’d like to withdraw.

  3. Choose the SWIFT payment method.

EUR and 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 4,900 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

  1. Open the CoinLoan mobile app on your Android or iOS device.

  2. Go to the Wallet module.

  3. 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 4,900 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.

Did this answer your question?