Can I send a payment to a private individual or only to a business entity?

BlauStein2019-09-13T08:17:39+01:00You are allowed to send bank payments to business entities and private individuals that are able to provide a valid invoice for your payment.

How long does it take for a payment order to be processed?

BlauStein2020-02-08T08:53:41+00:00Each outgoing payment goes through the approval process by the bank, which usually takes a couple of hours. After that, if the outgoing payment is approved, it is processed on the same day. SEPA payments are usually visible on the recipient’s account on the same or the next working day while the international payments can take up to 1-2 days longer.

What is the minimum withdrawal amount?

BlauStein2019-09-13T08:50:18+01:00The minimum amount you can withdraw from the rented company is 100 EUR.

Is it required that my bank account has to be in my country of residence?

BlauStein2019-09-13T08:53:47+01:00You can withdraw your funds to any personal bank account under your name in any country, it does not have to be your country of residence.

How long does it take for a withdrawal request to be processed?

BlauStein2019-09-13T08:54:32+01:00A withdrawal request is usually processed on the same or the next working day. SEPA payments are usually visible on your account on the same or the next working day while the international payments can take up to 1-2 days.