Depositing of EUR SEPA balance on the WhiteBIT exchange

SEPA (Single Euro Payment Area) – common EUR payments space; a payment standard used in the European Union and a few other countries that are not part of it. In this space, all EUR payments are made on the same terms both within a particular country and in other European countries that are part of the SEPA space. 

 

In this article, you will learn how to deposit EUR using this payment method.

How to deposit EUR SEPA on the website

In order to make a deposit of EUR SEPA, please follow the following simple instructions:

1. Go to the Balances page.

On the main page of the website, click on “Balances” and select “Total” or “Main”.

 2. Select EUR SEPA provider.

Find the currency by the “EUR” ticker and click on it. Or select the “Deposit” option and choose EUR from the list of currencies.

 

EN.png

 

Then select “SEPA transfer” provider in the deposit form.

 

EN.png

 

3. Deposit formation.

Enter the deposit amount in the “Amount” field and click the “Generate and send payment” button. 

Please note that the “I will receive” field will display the amount you will receive on your account balance after calculating the fee.

 

EN.png

To send funds, copy invoice data from the “Payment sent” window and paste it into your banking application. Payment details are generated individually for each deposit.

 

EN.png 

4. Confirm the sender's data.

To deposit EUR SEPA, the first and last names of the sender of the funds must match the first and last names provided in the payment details. Otherwise, the payment will not be credited.  

5. Transaction status monitoring.

You can track the status of your deposit on the “History” page located at the top of the website (“Deposits” tab).

 

EN.png 

How to deposit EUR SEPA in the application

In order to make a deposit of EUR SEPA, please follow the next simple instructions:

1. Navigation to the Balances page.

Go to the “Wallet” tab from the application’s main tab and go to the “Total” or “Main” section.

EN.png

 

2. EUR SEPA provider selection.

Find the currency by the “EUR” ticker and click on it. Or select the “Deposit” option and choose EUR from the list of currencies.

EN.png

 

Click on the “Deposit” button, and choose the “SEPA transfer” provider in the deposit form. Click on the “Continue” button. 

 

EN.png 

EN.png

 

3. Deposit formation.

Enter the deposit amount in the “Amount” field and click the “Generate and send payment” button. Please note that the “I will receive” field will display the amount you will receive on your account balance after calculating the fee.

 

EN.png

  

To send funds, copy invoice data from the “Payment sent” window and paste it into your banking application. Payment details are generated individually for each deposit.

 

EN.png

 

4. Confirmation of the sender’s data.

Please note that the first and last names of the sender of the funds must match the first and last names provided in the payment details. Otherwise, the payment will not be credited.  

5. Transaction status monitoring.

To track the deposit status using our mobile app, you need to:

 

  • open the “Wallet” tab and click the “History” button;

EN.png

  • Select the “Deposit” tab and find the transaction you want.

EN.png 

Features of EUR SEPA deposits

  • When making a transaction you should take into account the minimum (10 EUR) and maximum (14 500 EUR per day) deposit amounts, as well as pay attention to the fee, which is 0.2% of the amount of your deposit. You can also find this information on the Fees page. 
  • You have 7 days to make the payment from the moment the payment data is generated, after which it will be impossible to make the transfer. All sent funds will be returned to the bank.
  • An account holder on the exchange can only make EUR SEPA deposit to his/her balance if the name and surname indicated in the KYC (identity verification) match the name and surname of the account holder at the bank.

Please note: when making a deposit from a third party account, the payment will be returned to the sender. Refund terms are 5 business days from the moment the funds are received by the exchange. 

  • The timeframe for crediting of funds is up to 7 banking business days.  

Deposit of EUR SEPA Clear Junction

In addition to the standard method of SEPA deposits, a separate provider for EUR transactions – Clear Junction – is also available on our exchange. The main difference is that SEPA and SEPA Clear Junction methods are supported by different banks. 

 

Clear Junction is a global payment provider through which it is possible to deposit and withdraw EUR from our exchange in two ways: SEPA Clear Junction and SEPA Instant Clear Junction. 

 

Please note that at the moment EUR SEPA Clear Junction deposit is available only for citizens and residents of the following countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Norway, Iceland, Liechtenstein, Ukraine. 

How to deposit EUR SEPA Clear Junction on the website

To make deposit through this provider on the WhiteBIT website, please follow the simple instructions:

  1. Go to the balances page. 

 

  1. Find the currency by the “EUR” ticker and click on it. Or select the “Deposit” option and choose EUR from the list of currencies.

RU.png

 

  1. In the provider list, select EUR SEPA Clear Junction.

Important: for EUR deposits, the SEPA Instant Clear Junction option is not implemented, which allows you to make the transaction faster at any time. However, in case your bank supports Instant transfers, if you select EUR SEPA Clear Junction, your transaction will be processed faster as an Instant payment in any case.  

  1. Enter the deposit amount in the “Amount” field and click the “Generate and send payment” button. To send funds, copy invoice data from the “Payment sent” window and paste it into your banking application.

Please note: when depositing by Clear Junction method, an individual IBAN is created for each user. 

Done! Now you can track your deposit in the History section. 

How to deposit EUR SEPA Clear Junction in the app

To make deposit through this provider in the WhiteBIT app, please follow the simple instructions:

  1. Go to the Wallet tab and click Deposit. 
  2. Find EUR in the list, or enter the EUR ticker in the search bar and then click on it.
  3. Select the EUR SEPA Clear Junction provider and click Continue.

 

 

  1. Enter the deposit amount in the “Amount” field and click the “Generate and send payment” button. To send funds, copy invoice data from the “Payment sent” window and paste it into your banking application.

Done! In the “Wallet” – “History” section, you will be able to see the details of your payment in the “Main” – “Depositts” tab. 

The period of crediting funds to the exchange depends on your bank, as well as on the possibility of Instant transfer, and can last up to 7 business banking days

 

Since this provider also belongs to the same group as Visa/Mastercard, Checkout Visa/Mastercard, ZEN, the total daily limit for transactions in this group is 14,500 EUR

 

There is no fee when depositing EUR SEPA Clear Junction! You can check this information on the Fees page. 

 

Please note: in order for your transaction to be processed, the identity verification (KYC) must be completed in the standard way (both on web and in-app). If you don’t see EUR SEPA Clear Junction withdrawal method on your account, please contact us by any convenient method listed below and inform us of your situation. 

Support

In case of any questions related to the functionality of our exchange, you can:

  • Leave a request on our website;
  • Write to the support email: support@whitebit.com;
  • Write to the chat using the button in the lower right corner of the screen (in the WhiteBIT app, go to “Account”—“Support” in the upper left corner).

Was this article helpful?

0 out of 0 found this helpful