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This article provides a step-by-step guide on how to make payout transfers using the SafePal Bank Feature. We suggest taking a look at some key security tips in this section to ensure the safety of your cryptocurrency.
Before proceeding, ensure that you have completed the steps in the guide here.
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This article contains the following:
- Step 1 Register for the Fiat24 Bank Account in your SafePal App
- Step 2 Make the inter-bank transfers
- Step 3 Add the Payout account
Step1 Register for the Fiat24 Bank Account in your SafePal App
The first step is to register the Fiat24 Bank Account in your SafePal App. Please refer to the detailed instructions here on how to do so.
After registration is complete, check your card details by following the guide here, learn how to make deposits here, and how to exchange currencies here.
You can also learn how to make intra-bank transfers here.
Step2 Make the inter-bank Transfer
Launch your SafePal App and navigate to the Visa card homepage, select the Transfer tab and select Payout as shown below.
Select the account you want to transfer out, enter the amount and click Next to make the transfer. (Note that a minimum of 10 EUR/USD/CHF is required for each transfer).
Step3 Add the Payout Accounts
At present, you can only select a recipient for transfers from your contacts list; the option to directly add a new recipient from other banks is not yet available.
Should you wish to add a specific account to your contacts, you'll need to initiate a deposit into your Fiat24 account from that particular account first. Follow the steps below on how to do so. Click 'Deposit' on the Bank mainpage.
Select and click 'Bank Wire', then select the fiat currency you want to use for the transfer.
Use the displayed IBAN information, to make transfers from other banks to your Fiat24 account.
When the transfer is completed, the bank information you transferred the funds from will appear in the Account list, and the account will automatically be added to your contacts list for subsequent inter-bank transfers.
