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Bank Transfer

Bank transfer limits and fees

  Withdrawals
Fee £10 / €12* / 100 SEK 
Minimum £20 / €20 / 250 SEK 
Maximum N/A

*Withdrawals transacted in Euros to mainland Europe will not incur a fee.
Processing time

  • Bank transfer withdrawals are processed within 5-10 business days. 

Currencies

  • Bank transfers cannot be transacted in NOK.

Fees

  • Withdrawals by bank transfer will incur a £10/€12 fee (or currency equivalent)

Withdrawal eligibility

  • All withdrawals from Smarkets are subject to our closed loop policy. Where multiple deposit methods have been used you will be limited to withdrawing up to the deposited amount until net deposits are satisfied across all methods.
  • For bank transfers if your bank is in the Single Euro Payments Area (SEPA), you will need to provide your IBAN. If your bank is not in SEPA you will need to provide your account number. You can find out if your bank falls into the SEPA category here. The majority of countries in Europe, including the UK, fall into the SEPA category.
  • Your Smarkets account must be verified. In this case this means you must have provided valid photo ID and your address must be verified either electronically or from a document you have provided Smarkets. You can find the list of accepted documents and find out how to upload documents here.
  • Your Smarkets currency must match the currency of the bank account that you wish to withdraw to.

 


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