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Italy

Last updated: 9th August 2022

Basic information

If you want the recipient to be paid instantly, we recommend including “preferred_network”: “instant” in your request. If the recipient’s bank does not accept SEPA Instant, or the destination amount is above 100,000.00 EUR, we will automatically send the payout as EUR International Wire. Please note that if the preferred network is specified and the recipient bank does NOT support SEPA Instant, the payout will be rejected.

    Country code

    IT

    Supported currency

    EUR

    Scheme

    SEPA:

    • Minimum amount (local currency): 0.01
    • Maximum amount (local currency): no maximum
    • Cut-off time: 11:30 GMT
    • Settlement: T+1 next day

    Payment information

    Beneficiary information

    Beneficiary type

    The type of account holder. Set this to individual.

    account_holder.type

    required
    enum

    Beneficiary name

    The account holder's first and last name.

    account_holder.first_name

    required
    string

    account_holder.last_name

    required
    string

    Beneficiary address

    The account holder's address.

    account_holder.billing_address.address_line1

    optional
    string

    account_holder.billing_address.address_line2

    optional
    string

    account_holder.billing_address.address.city

    optional
    string

    account_holder.billing_address.address.zip

    optional
    string

    account_holder.billing_address.address.country

    required
    enum, 2 characters

    This must be a two-letter ISO code.

    Bank details

    IBAN

    The account holder's IBAN.

    iban

    required
    string, 20 characters

    SWIFT BIC

    The account holder's SWIFT BIC.

    swift_bic

    required
    STRING, ^[A-Z]6[A-Z0-9]2([A-Z0-9]3)?$

    Beneficiary information

    Beneficiary type

    The type of account holder. Set this to corporate

    account_holder.type

    required
    enum

    Beneficiary name

    The account holder's company name.

    account_holder.company_name

    required
    string

    Beneficiary address

    The account holder's adress.

    account_holder.billing_address.address_line1

    required
    string

    account_holder.billing_address.address_line2

    optional
    string

    account_holder.billing_address.city

    required
    string

    account_holder.billing_address.zip

    optional
    string

    account_holder.billing_address.country

    required
    enum, 2 characters

    This must be a two-letter ISO code.

    Bank details

    IBAN

    The account holder's IBAN.

    iban

    required
    string, 20 characters

    SWIFT BIC

    The account holder's SWIFT BIC.

    swift_bic

    required
    STRING, ^[A-Z]6[A-Z0-9]2([A-Z0-9]3)?$

    Example

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      {
      "type": "bank_account",
      "iban": "CH5104835048708081000",
      "swift_bic": "BOPIPHMMXXX",
      "currency": "EUR",
      "country": "IT",
      "account_holder": {
      "first_name": "John",
      "last_name": "Smith",
      "address_line1": "99 Windsor Road",
      "address_city": "Rome",
      "country_code": "IT",
      "billing_address": {
      "address_line1": "99 Windsor Road",
      "country_code": "IT",
      "address_city": "Rome"
      }
      }
      }