Once you fulfil the requested requirements, it can take up to one week for the account to be approved. It depends on the information and documentation being provided in full when submitting your application for account opening. Incomplete or contradicting information will cause the timeline to be extended.

There are several methods for receiving funds into your SeifMoney account. We support multiple local payment networks such as SEPA (for the EU), Faster Payments (for the UK), EFT (for Canada), and more. In cases where a local payment network is not available, you can receive money through SWIFT international payments. All your account details can be found by clicking the "Account Details" button on your account dashboard screen.

Your SeifMoney account will have 2 separate account details for SEPA & SWIFT payments. In order to receive SEPA payments, you will need to provide the IBAN that is available for SEPA only. For SWIFT payments, you will need to provide the SWIFT IBAN, BIC code, and bank name and address. In case you provide a SWIFT IBAN for a SEPA payment or vice versa, the transaction will be rejected by the sender's bank and returned to the sender's account. Please verify with the sender which payment network will be used before providing your account details.

SeifMoney operates as an Electronic Money Institution agent or distributor of licensed financial institutions in the United Kingdom & European Economic Area. We provide e-wallet and payment services through a licensed third party in your respective jurisdiction - which means we must adhere at all times to the laws and regulations applicable to licensed institutions.