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Dedicated IBANs for Payments in Your Name
Dedicated IBANs for Payments in Your Name
Updated over a week ago

IMPORTANT INFORMATION! Starting from 20.04.2024, withdrawals from named IBANs have been temporarily suspended.

What is a Dedicated IBAN?

A Dedicated IBAN is a virtual IBAN issued under your name. With our Dedicated IBAN service, you can seamlessly transfer crypto to EUR or GBP through a straightforward payment to your bank account via SwapinGet. Additionally, it enables you to settle any EUR or GBP invoice using cryptocurrencies, with the recipient receiving funds in your name through SwapinPay. This functionality helps bypass banking restrictions, as traditional banks may exercise caution with crypto-related transactions originating from crypto platforms or payment providers.


How to get a Dedicated IBAN from Swapin?

The Dedicated IBANs will be offered by default, meaning there is no need to opt in. Dedicated IBANs are available for both individual and business customers. For individuals, the Dedicated IBAN service is offered for Basic and Full verification levels, not the Starter Level. For business customers, the Dedicated IBAN service is offered for any verification level.

Which customers qualify to receive a Dedicated IBAN?

This solution is available for our customers who are EEA (European Economic Area) and Switzerland residents. The full list of countries is below:

Belgium
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Gibraltar
Greece
Hungary
Iceland
Ireland
Italy
Latvia
Liechtenstein
Lithuania
Luxembourg
Malta
Netherlands
Norway
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
Switzerland

How Can I check my Dedicated IBAN number?

At present, we do not show your Dedicated IBAN number on the dashboard. However, it will automatically appear on the recipient's bank account statement once a payment is processed.

Do Dedicated IBANs and vIBANs refer to the same thing?

Yes, in technical terms, Dedicated IBANs are essentially virtual IBANs. They consist of a series of digits that uniquely identify the account to which funds should be directed, and issued under your name.

Which country does my Dedicated IBAN belong to?

For customers from Switzerland, we issue GB IBANs. For customers from all other countries, we provide IE IBANs. This applies to both individual and business customers.

Can I turn off a Dedicated IBAN?

Currently, Dedicated IBANs are automatically enabled for all Swapin customers who meet the following criteria: individuals residing in the EEA and Switzerland, verified as Basic or Full, as well as for all business customers. Once you apply, this feature will be activated by default and cannot be disabled. In the future, the Swapin team may consider adding an opt-in/opt-out feature for Dedicated IBANs.

Can I use my Dedicated IBAN as a banking solution?

Swapin provides Dedicated IBANs exclusively for crypto-to-fiat payments initiated within the Swapin platform. Please note that we do not offer banking solutions, and Dedicated IBANs cannot be used for transactions other than crypto-to-fiat payments facilitated through Swapin.

Which partner does Swapin collaborate with for Dedicated IBANs?

This feature is made available to Swapin customers through our partnership with Fiat Republic and Clear Junction.

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