Cash Withdrawal
Three withdrawal banks accounts can be associated your Fiat24 Account for the following currencies: CHF, EUR, and GBP. All withdrawal accounts must be in your name.
In order to associate a withdrawal bank account with your Fiat24 Account, you must first make a deposit with a small amount from that bank account into your Fiat24 Account. For security reasons, we can only associate withdrawal accounts that are under your name and have an IBAN number.
Any amount over 10 USD/EUR/CHF/GBP is sufficient. For CHF, If you have an account with a bank domiciled in Switzerland or Liechtenstein, or are paying through SEPA, 1 CHF or 1 EUR is sufficient.
If you would like to change your withdrawal bank account, you can always make a new cash deposit to your Fiat24 Account from the second bank account (i.e. the new one that you would like to use).
If your new withdrawal bank account is qualified and fulfils all the requirements like the previous one did (in your name and has and IBAN), we will update your bank details to replace the previous bank account.
It depends on your receiving bank. For Swiss or EU banks, it will be credited within 48 hours.
No.
Your cash withdrawal request may fail due to various reasons. In such situations, the money will come back to us. Then we will credit it back to your Fiat24 account again from a special account "9103 Sundry". We may charge you a processing fee for this service.
All cash withdrawal are free of charge.
Yes, but fees may apply depending on the banks.
IBAN stands for "International Bank Account Number". It is a standardised international bank identifier used to facilitate the identification of accounts and communication and processing of cross border transactions.
The IBAN consists of up to 34 alphanumeric characters, as follows:
- country code using ISO 3166-1 alpha-2 – two letters,
- two check digits
- Basic Bank Account Number (BBAN) – up to 30 alphanumeric characters that are country-specific.
You can check whether your country participates in the IBAN network here: https://www.iban.com/structure
You can check whether your IBAN contains the correct information here: https://www.iban.com/iban-checker
Last modified 6d ago