How do I deposit GBP or EUR via Instant Transfers with Open Banking?

Blockchain.com Exchange users in eligible regions can now instantly deposit EUR or GBP to their accounts via Open Banking (EUR currently supported in AT, DI, GR, IE, IT, NL, and GBP supported in GB).

Many banks do not charge a fee for these types of transfers transfers, so these can be great for quick, cost-effective transfers (please check with your bank regarding any transfer fees). When linking a bank account for Instant Transfers, please only link a checking account to avoid potential transfer reversals or other complications. Please see the important information at the end of this article for details.

Linking your bank account

  1. Navigate to the Total Account Value section on the right side of the screen and select Deposit.
    total_balance_deposit_button.png

  2. Select USD, enter the amount you wish to deposit, and click Select A Deposit Method.
    exchange_deposit_700_select_method.png
  3. Select Link a Bank.
    OBWallet2.png
  4. Choose your bank from the list of major banks, or use the search bar to search for your bank.
    OBWallet3.png
  5. After selecting your bank, read the important linking details and press Approve.
    GBP                                      EUR
    OBWallet4.pngOBWallet5.png
  6. After clicking Approve, if you are using the Blockchain.com Exchange on your mobile phone, you will be taken to your banks mobile app (if installed and supported) or your bank's website. Please log into your banking account and approve the connection. The exact process will vary depending on your bank.

    If you are using the Exchange on your computer, you will have two options: 
    OBWallet6.png
    Use your phone's camera to scan the QR code, to be taken to your mobile banking app or banking website on your phone. Or, click "Continue in Browser," and your bank's website will open in a new browser tab. Whether via app or web, please log into your bank account and approve the connection. The exact process will vary depending on your bank.


    When you see this screen, return to your Exchange account to complete your deposit:

    OBWallet7.png
  7. Wait up to 30 seconds for your account to link. Please do not go back or close the window.
    linking_30_seconds.png
  8. Congratulations, your bank account is linked! To make an instant deposit, press Continue. If your account was not successfully linked, please see this article for more information.
    exchange_bank_linked.png

 

Making an Instant Deposit from your linked bank account

  1. Enter the amount you would like to deposit and click Next.
    OBWalletDep2.png
  2. Confirm your deposit details and press Approve.
    OBWalletDep3.png
  3. Review the payment details and press Approve.
    GBP                                      EUR
    OBWallet9.pngOBWallet10.png
  4. After clicking Approve, if you are using the Blockchain.com Exchange on your mobile phone, you will be taken to your banks mobile app (if installed and supported) or your bank's website. Please log into your banking account and approve the payment. The exact process will vary depending on your bank.

    If you are using the Exchange on your computer, you will have two options: 
    OBWallet6.png
  5. Use your phone's camera to scan the QR code, to be taken to your mobile banking app or banking website on your phone. Or, click "Continue in Browser," and your bank's website will open in a new browser tab. Whether via app or web, please log into your bank account and approve the connection. The exact process will vary depending on your bank.

    When you see this screen, return to your Exchange account to complete your deposit:

    OBWallet7.png
  6. Congratulations, your deposit is complete!
    OBWalletDep4.png
  7. Your deposit and any crypto purchased with these funds will not be able to be withdrawn for up to 3 days.

**Please note:

-The bank you link must have a matching legal first & last name as your Blockchain.com account. 

-Crypto purchased via Instant Transfer cannot be withdrawn from your Exchange account for 3 days, nor can the equivalent value of any assets into which this crypto is Swapped or Sold.

-Your bank may allow you to successfully link a savings or money market account, but please note that we highly recommend only linking checking accounts. Savings and money market accounts are subject to regulations that may limit your allotted number of transactions per month, and they don’t always offer Instant Transfers. Attempting to transfer from a linked savings or money market account may result in delayed, failed, rejected, or reversed transfers, as well as possible fees and limitations imposed by your bank

-If you're unsure of your bank account status or transfer limitations, please check with your bank representative to be sure your account supports Open Banking.

-Please make sure you have sufficient funds in your bank account to prevent a bank overdraft fee.

 

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