Wirex OPEN Sepa Transfers now

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DerAufklaerer

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Great news - SEPA Instant is now live in the Wirex app! That means you can instantly transfer euros between Wirex and your bank account.

Want to deposit euros? All you have to do is activate a EUR account in the Wirex app to access your very own IBAN and BIC. You can then use these to send funds straight from your bank!

Need to transfer euros from Wirex to your bank account? No problem ”“ SEPA Instant lets you do so in seconds, to any bank that accepts euro payments.

Like the sound of SEPA Instant? Here's what else it has to offer:

  • Instant bank transfers between Wirex and your bank account.
  • A unique IBAN and BIC for depositing funds.
  • A way of adding funds to your Wirex account from popular payment platforms.
  • Ultimate control over adding and withdrawing funds to and from Wirex.

How to add EUR to Wirex via SEPA Instant

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They are using Modulr and giving out Irish IBAN's so not bad at all. Only‌ issue I see is that your Fiat will be converted to USDC/EUROC it says.
 
When you are opening the‌ Euro account and just below the "Accept" button. It warns you and says:

"I understand‍ and agree that my fiat will be converted to the USDC/EUROC as shown above, and⁠ that this balance is not an emoney balance"
 
Did you scroll down to very bottom? It was cleverly just below the terms and conditions‌ line in grey text...lol.
 
Martin Everson said:
Did you scroll down to very bottom? It was cleverly just below the terms and conditions line in grey text...lol.
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Maybe I didn't”¦
But are you sure you are not referring to the X Account?
This is way I see in my Eur account details, nothing suggests that they will convert to crypto and it would be strange.

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How do they make money (free standard plan), currency conversion fees?
 
Are you guys satisfied with Wirex and can they be trusted?

Do they accept crypto‌ money received / sent?
 
Yup you needed to have scrolled down to under the "Accept" button. They hid⁤ if from immediate view.

Used them⁢ for years even when they were called e-coin, Been through like 3 different IBANs and︀ then total lose of IBAN service. Now they are back with IBAN service so just︁ be warned. But never had an issue with them...touch wood.

Yes they accept crypto receive︂ and send its not a captive system like Revolut.
 
Correct:

Please be informed that 3rd parties can send funds to your Wirex Account via‌ bank transfer.

They will just need your Sort Code and Account Number / IBAN and‍ BIC and they will be able to send GBP / EUR to you. They must⁠ use the exact same beneficiary name on the payment that you have on your Wirex⁤ account.

For more information about bank transfers, please check this article: https://wirexapp.com/help/article/adding-and-withdrawing-funds-with-wirex-0958

If you have⁣ any questions, feel free to contact us again.

Best regards,
xxxxx
Customer Support Representative
 
Anyone got a Sort Code and Account Number for their GBP account?

Cool so‌ account can accept third-party funds and send to third-parties 😛. This maybe the crypto on/off‍ ramp people been looking for. Interesting crypto friendly USP if if all works.
 
Do wirex have a tendency to freeze funds willy-nilly?

Are the outgoing transactions sent in‌ the name of the account owner?
 
Martin Everson said:
Anyone got a Sort Code and Account Number for their GBP account?
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I think these are reserved to UK residents
Martin Everson said:
Cool so account can accept third-party funds and send to third-parties 😛. This maybe the crypto on/off ramp people been looking for. Interesting crypto friendly USP if if all works.
Click to expand...
Better to wait for some Guinea pig to test this functionality

dylani said:
Do wirex have a tendency to freeze funds willy-nilly?
Click to expand...
Never happened in 2 years of regular use
dylani said:
Are the outgoing transactions sent in the name of the account owner?
Click to expand...
They must be

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Issue processing bank transfers​




New incident: Identified


WINC-2650

Affected service: Bank transfers

Affected Coin: EUR/GBP‌

Affected region: EU/UK

Description: A processing issue on our partner’s side is currently affecting bank‍ transfers. To minimize disruption, we have temporarily disabled SEPA and FasterPayments. Our partner is working⁠ to resolve the issue. We will update you as soon as we know more.



Time posted​




Sep 20, 16:47 UTC



Components affected​



Fiat transfers





Works now
 
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