What are my incoming & outgoing SEPA transfer limits?

Tier 1: For incoming SEPA transfers up to 15,000€ (accumulated total value of incoming transfers) you'll need to provide:

1. A notarized copy of proof of identity (e.g, ID card, Passport, Driver's License)

2. A selfie of you holding your ID and a piece of paper with “Bitit” and today’s date written on it.

Tier 2: For incoming SEPA transfers with an accumulated total value between 15,000€ and 100,000€  you’ll need to provide all the documents listed in Tier 1, plus: 

1. A bank statement - no more than 3 months old

2. A proof of residency - no more than 3 months old

3. Submit a completed Source of Funds Application Form available on your Bitit Account

Tier 3: For Corporate accounts who wish to make SEPA transfers up to 100,000€ you’ll need to provide the following documents:

1. Articles of Incorporation

2. Trade Register Extract or Letter of Good Standing from your company's jurisdiction

3. Organizational chart containing full names, jurisdictions, and legal forms of parent, affiliated, subsidiaries, and all related companies

4. AML Policy (required if applicable)

5. Passport for each UBO with 25% or more interest

6. Proof of Residence for each UBO

7. Submit a completed Source of Funds Application Form available on your Bitit Account

Good tips to know before making any SEPA transfers:

1. Fund your Bitit Account from the country you’ve registered on Bitit

2. SEPA transfers must be sent from accounts that match your verified legal name.

3. Please send SEPA transfers in EUR. Sending a SEPA transfer in a currency other than EUR may result in a delay of your transfer being returned to your bank account.

4. We are not responsible for any fees charged by any bank used during the transfer process.

5. Funds will typically arrive within 1-2 business days

6. Please note that Bitit only accepts EUR SEPA transfers - we do not yet support SWIFT payments. Please make sure that your bank supports SEPA transfers before sending us any funds.