Bank Transfer: Depositing and Withdrawing by Transfer, References and Timing
Bank transfer is the most universal payment method — anyone with a bank account can use it without signing up to anything else. For withdrawals it is often the default route when another method can't receive a payout. This page explains how transfers work for deposits and withdrawals and how to avoid the usual errors.
Depositing by transfer
- Choose bank transfer in the cashier and enter the amount.
- The cashier shows the recipient's account number (IBAN) and a payment reference.
- In your online banking enter the payment exactly as shown — copy and paste is best.
- Choose an instant transfer if your bank offers it.
- Once received, the deposit appears in your balance. Without the reference, matching can take longer.
Some cashiers offer a pay-by-bank button: you log in to your bank from the cashier and the details fill themselves in. It is more convenient and less error-prone.
Instant and standard transfers
| Transfer type | Typical timing | Note |
|---|---|---|
| Instant transfer | seconds to minutes | if both your bank and the recipient's support it |
| Standard transfer | often until the next business day | weekends and holidays can push it back |
These are properties of bank transfers, not an operator's processing times. The operator's processing time for withdrawals comes on top.
Withdrawing to your bank account
A transfer withdrawal goes to an account in your name. On the first payout the operator may ask for proof that the account is yours, such as a statement showing the account holder. If you deposited by a card that can't receive payouts, a transfer is the usual alternative. The total withdrawal time is the operator's processing plus the bank's transfer time.
Fees
Many banks charge little or nothing for domestic or same-currency transfers; instant payments may carry their own fee, and cross-currency transfers add conversion costs. The operator may also charge a withdrawal fee. The real cost is the sum of both.
Common mistakes
- Missing or wrong reference — the deposit isn't matched automatically.
- Paying from someone else's account — the operator may return or hold it.
- Saving account details from an unofficial page — always take them straight from a verified operator's cashier.
- Transferring in another currency — the bank converts and you pay for it.
When a transfer is the best choice
A transfer suits larger, planned deposits and almost every withdrawal. It is slower than a card for deposits but leaves a clear paper trail in your bank statement, which helps if you ever need to raise a dispute. Other methods are compared on the Payments page; the payout process is on the withdrawal page.
A method name here describes what to look for in a cashier, not a confirmed offer from any operator. Which methods you can use, and the limits, fees and timings, are set by the operator for your account type — check them in the cashier.