You can easily top-up your Bitit EUR Wallet by making a SEPA transfer to it. Please note that we currently accept transfers in EUR done via SEPA (Single Euro Payments Area), which is the European standard for wire transfers in the Euro zone. However some banks located outside the SEPA zone can make SEPA transfers - for more info, please read below.
From a bank account located in the SEPA zone
To add funds, go to your Bitit Account > EUR Wallet. Follow the steps you'll find there, then use the information displayed to initiate a SEPA transfer from your banking interface.
In order to transfer money to your Bitit account, simply initiate a bank transfer from your banking interface by adding your IBAN (International Bank Account Number) and BIC (Bank Identifier Code) numbers.
From a bank account located outside the SEPA zone
In this case, you first need to make sure the bank processing the transfer is able to initiate SEPA transfers.
1. Your bank is able to initiate a SEPA transfer
In this scenario, you need to:
specify that the beneficiary account (i.e. your Bitit account) is identified by an IBAN
select a SEPA transfer and not a SWIFT transfer.
For example with the Silicon Valley Bank, you need to select 'This is an IBAN' and 'This Payee is eligible for SEPA Credit Transfers’.
2. Your bank is not able to initiate SEPA transfers
It is increasingly rare in practice, but some banks outside the EU do not support the SEPA transfer format. And at the moment, Bitit is not able to accept incoming transfers in foreign currencies or non-SEPA formats. For instance, as of today we cannot accept SWIFT transfers.
> BUT There is still a way to make the desired SEPA transfer happen: you can use a third-party service such as TransferWise or Revolut to solve the problem. It's reliable and efficient as far as we know.