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dandawar7 - 02/05/2018 - 07:49:17

Does Fidor bank allow SEPA transfers to credit a KRAKEN account to buy cryptocurrencies?

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CustomerService - 02/05/2018 - 08:06:48

Yes, we do make SEPA transfers to KRAKEN for personal use alone. We do not support crypto-trading for businesses.

Also, while we it is possible to send SEPA transfers to KRAKEN, you will not be able to receive transfers from KRAKEN into this account.

sal2015 - 02/05/2018 - 10:52:15

If you want to receive SEPA, try Revolut.

This company is the next 'Facebook' of the banking world

Ucieh - 04/05/2018 - 20:33:55

I want to recieve make transfer from Kraken via Sepa, it is possible ?

sal2015 - 04/05/2018 - 21:00:09

No, read the earlier comments !!

orgasmix - 15/05/2018 - 10:00:42

Revolut has banned incoming and outgoing SEPA transfers to the main crypto currency exchanges except Coinbase in early May without notice.

They invoke 'FCA guidelines,' although the only thing the FCA announced was that they WOULD be focusing on crypto later this year.

They won't refund my premium subscription despite the massive unadvertised change in functionality.

tl;dr: Do not use Revolut

sal2015 - 15/05/2018 - 10:12:19

Its not Revolut fault if they are, to comply with government rules, cracking down on crime, tax evasion and money laundering etc. A few bad apples ruin it for everyone.

Always read the T&C’s that you signed up for. To many people enter into contracts without reading them or understanding the obligations. Revolut did nothing wrong.

For others, be smart, think outside the box. Use Fire Financial as an intermediary.

orgasmix - 15/05/2018 - 10:28:35

I have read the EU KYC/AML regulations and the recent FCA announcements. If Fidor can do it, Revolut can do it. They have much stronger KYC. A blanket prohibition of transfers to these exchanges is an unnecessary overreaction, that happens to benefit their own cryptocurrency service, fair enough.
But when done without notice and without a commercial gesture for premium subscribers who used to carry out such transfers before, that's a rip-off.

This is like you renting a car and in the middle of your trip you get a call from the agency or insurance company saying "oh by the way you can't go to this city because the news said there MIGHT be car-jackers there so we won't take the risk sorry for not telling you when you signed the contract [that doesn't mention the restriction]".
Will you pay full price given that you specifically rented the car for this trip?

sal2015 - 15/05/2018 - 10:46:29

Fidor are not regulated by the FCA. Fidor is not regulated in the UK. It gains its UK banking licence through passporting. Hence why there is not a problem.

Read the Revolut T&C’s. You agreed to them when you signed up. They did nothing wrong, there was no breach or contract. I’m sure we all read the T&C’s thoroughly.

The car analogy is also not applicable as you are referring to an imaginary contract whereas Revolts is clear, in plain English and in black and white

sal2015 - 15/05/2018 - 10:49:06

Nobody forces customers to accept the terms. If you don't like them or the risk is too great, move to another provider.

We all have the choice ;-)

malowaiy - 04/08/2018 - 04:55:04


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