Send your own money

A recipient can send money into their own virtual bank account from another account in their own name. A platform payout is not required. The payment is swapped to USDC and sent to the recipient's USDC wallet at the flat 2%, the same as any other payment.

Send from an account in the same name

What decides whether a payment is accepted is the name on the account it was sent from: it has to match the recipient the virtual bank account was issued to. A transfer from another bank account of the recipient's own qualifies, whatever the money was earned from.

Money sent by someone else is a different case, covered in who can pay in.

Use the right details for the currency

Take the details from the recipient's own record rather than reusing another recipient's:

1. Open My Recipients → the recipient → Payment methods.
2. Copy the EUR IBAN for a SEPA transfer in EUR, or the USD SWIFT details for a wire in USD.
3. Send from an account in the same name, in the currency those details are denominated in.

What comes back is USDC

The payment leaves your bank in fiat and reaches the recipient's USDC wallet as USDC on the Base network. Fiatswaps swaps fiat into USDC and does not send fiat out to a bank account, so this is a route into USDC rather than a way to move money between two bank accounts.

The flat 2% is priced into the swap, so the USDC that arrives is the net amount. If it looks lower than that, check the amount received.

A business can pay in from its own account

A company can be the recipient in its own right. Add it as a Company / Agency recipient, complete business verification, and Fiatswaps issues the account in the company's name. The company then pays in from its own bank account, in EUR or USD, at the same flat 2%.

This is also the route when a company owes money to a recipient you have already added: the payment has to arrive on an account in the name it is being paid to.