What details do I need to send a bank transfer?
When sending a bank transfer through Paysend, the required account details may vary to comply with local laws and depend on the destination country and the type of account. Here’s a comprehensive guide to help you understand what information you may need to provide:
General Requirements
For most countries, you will need to provide the following details:
- Recipient's Bank Name: Select the recipient's bank from a list.
- Recipient's Account Number: Enter the account number of the recipient.
- Recipient's Full Name: Provide the recipient's first and last name in Latin characters (a-z, A-Z).
SEPA Bank Accounts
For SEPA (Single Euro Payments Area) bank accounts, the details required are slightly different:
- IBAN: International Bank Account Number of the recipient.
- Recipient Type: Specify whether the recipient's account is individual or company.
- Recipient's Name: Full name of the recipient or the company name.
Country-Specific Requirements:
In some countries, additional information is required. For example, if you are sending a transfer to a bank account in Brazil, you will need to provide:
- Bank Account Type: Checking or Savings.
- Tax ID (CPF Number): Recipient’s tax identification number in Brazil.
- Branch Code: The code of the recipient's bank branch.
- Recipient's Email Address.
- Recipient's Phone Number.
If any additional information such as the recipient's residential address is required, Paysend will prompt you during the transfer process.
