Adding & Withdrawing Money

Peridot connects to the regular banking system in both directions: money in by SEPA bank transfer or card, money out to your bank account. This page walks through both flows screen by screen, with the timelines and what each status message means.

Money in: bank transfer (SEPA)#

The first transfer takes a few minutes to set up. Every one after that is an ordinary bank transfer to an account that belongs to you.

1. 1

   Open Funding in your wallet

   Your wallet has two ways in. Bank transfer is free and takes about one business day; card and Apple Pay cost more but land instantly. Bank transfers need a one-time verification first; that’s what “Set up bank transfers” starts.
   
2. 2

   Confirm your email and country

   Step 1 of 3. Your email is already filled in from your account; you only pick your country of residence. Next you accept our payment partner’s terms and run a short identity check (KYC), required by EU regulation for anyone handling euros and usually done in about a minute.
   
3. 3

   Wait for the account to be enabled

   Once your identity is verified, our payment partner enables euro transfers on your account. This page updates on its own: you can close it and come back, nothing is lost.
   
4. 4

   Approve the account in your name

   The euro account is opened in your own name. This screen also states the one cost of the route before you commit to it: euros arriving are converted to digital dollars (USDC) at up to 1% FX.
   
5. 5

   Send euros to your IBAN

   You now have a personal IBAN. Transfer to it from a bank account in your own name. Transfers from someone else’s account may be delayed or returned. Because a SEPA transfer can take until the next business day, you can switch on a notification that reaches you even with the tab closed.
   

Money in: card & Apple Pay#

For instant funding, pay by card or Apple Pay. Card processing is handled by licensed payment providers; fees are higher than SEPA (the provider’s cut, shown before you confirm), but funds are usable immediately. After payment, the app watches for the funds to arrive and resumes your deposit automatically.

Money out: cash out to your bank#

If your money is deposited and earning, withdraw it to your wallet first; that part is instant and works for any amount. Cashing out then moves it from your wallet to your bank.

1. 1

   Add the bank account to pay out to

   Asked once, then remembered. The BIC is optional: SEPA has been routed on the IBAN alone since 2016, so you only need it if you happen to know it. Like the incoming account, the destination must be in your own name.
   
2. 2

   Enter the amount

   You see the destination and your available balance before anything moves, and the fee position in plain words: Peridot adds no fee of its own. The payout arrives by SEPA, typically the same or next business day.
   
3. 3

   Amounts that can't work are refused early

   Below the minimum, or more than you hold, and the button stays disabled with the reason spelled out. There is a small minimum per cash-out (€1 in euros, $2 in dollars) because the banking rails cost more than a smaller transfer is worth.
   

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Last reviewed on 1 September 2026.