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How to withdraw funds via SWIFT
How to withdraw funds via SWIFT

Choose SWIFT as a payment method, enter the desired amount, and confirm the transfer. Don’t forget to check the details of your withdrawal.

Sofia avatar
Written by Sofia
Updated over a week ago

You can use SWIFT for GBP and EUR transfers. In this article, you’ll find a step-by-step instruction on how to 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 withdraw EUR and GBP via SWIFT

Web platform

⠀⠀1. Log in to your CoinLoan account.

⠀⠀2. Go to Wallet, find EUR or GBP, depending on the currency you’d like to withdraw, and click the Withdraw button.

⠀⠀3. Choose the SWIFT payment method.

GBP withdrawal methods – Web platform

Note: The minimum withdrawal amount is 5,000 for EUR and 4,000 for GBP.

⠀⠀4. Fill out the Beneficiary Information form.

⠀⠀5. Click the Continue button.

GBP withdrawal form via SWIFT – Web platform

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, depending on the currency you’d like to withdraw and press the Withdraw button.

GBP withdrawal screen — Mobile app

⠀⠀4. After that, go to the SWIFT withdrawal method.

GBP withdrawal methods — Mobile app

⠀⠀5. Fill out the Beneficiary Information form and tap the Continue button.

Note: The minimum withdrawal amount is 5,000 EUR or 4,000 GBP.

GBP withdrawal form via SWIFT — 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 withdrawals usually take up to 3 business days.

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