The customer can transfer money from their account to a bank account at any time. To do so, they need to know the IBAN of the recipient's account or have it registered in the app beforehand.
Initiating a bank transfer
The customer can make a bank transfer from the account screen they wish to debit.
Compatible bank accounts and IBANs
Unverified customer
An unverified customer can add and transfer money to IBANs from the following countries: Germany, Belgium, Spain, France, Italy, Ireland, Luxembourg, Monaco, Portugal, and UK.
These transfers remain subject to limits and automatic checks within the framework of anti-money laundering and counter-terrorist financing.
Verified customer
A verified customer can add and transfer money to IBANs in all SEPA countries provided that the beneficiary’s account accepts transfers in euros.
This excludes countries that do not have the Euro, namely: Denmark, Czech Republic, Sweden, Hungary, Romania, Iceland, Liechtenstein, Norway, Switzerland.
Adding a beneficiary IBAN
The customer can register an IBAN from the "Beneficiaries" screen of their app or enter the IBAN directly when sending money to a recipient.
To add an IBAN, the following information is required:
- the 27 characters specific to the IBAN;
- the first and last name of the IBAN owner.
Adding a new beneficiary may require strong authentication for security and regulatory compliance reasons.
Since the entry into force of the European VOP directive, an automatic verification of the beneficiary’s name is carried out to ensure that it matches the entered IBAN. In case of a mismatch, the customer is notified before executing the transfer.
Removing a beneficiary IBAN
To remove an IBAN, the customer must go to the list of beneficiaries, click on the relevant IBAN, and delete it.
Once deleted, the IBAN must be added and validated again before any new funds transfer.
Cancelling a transfer
In the transaction history, the customer can check if the bank transfer was sent to the correct IBAN (for more information).
To request a refund for a bank transfer, it is advisable to contact the recipient by their own means. It is also possible to contact an advisor to try to request a "Transfer Recall," but there is no guarantee of success.
Best practices before validating a transfer
To avoid any error or fraud attempt, it is essential to:
- Carefully check the IBAN and the beneficiary’s name before confirming the transfer;
- Never make a transfer at the request of a third party (“fake bank advisor,” “fraud service,” “customer service” scams);
- Do not send money to a person you do not know or have only met online (including on social networks or sales platforms);
- Keep proof of the transfer (screenshot, reference).