How to withdraw EUR via SEPA to your bank account

To withdraw Euros (EUR) via bank transfer to your SEPA bank account:

  1. Check that your account fulfills the requirements.
  2. Add a SEPA bank account to you Kraken account.
  3. Initiate a withdrawal.

Add account

To add a SEPA bank account for EUR withdrawals:

  1. Navigate to Funding > WithdrawEuros (EUR).
  2. Select “SEPA” from the drop-down menu.
  3. Click “Add account”.
  4. Fill in your bank account information.
  5. Click “Save bank account”.

See the below screenshots for guidance. 

SEPA-withdrawals-page.png


Add-SEPA-bank-account.png

Note:

  • Description can be whatever you like so you can easily remember it.
  • Name on account must match the name on your bank account and your Kraken account.
  • IBAN is your International Bank Account Number.
  • Bank name is the name of the bank you want to withdraw to.
  • BIC is the Business Identifier Code is used to identify banks and financial institutions globally. 
  • Address is the physical address of your bank's branch, including country.

Initiate withdrawal

Once you have added a SEPA bank account, you can initiate a new withdrawal by:

  1. Navigating back to Funding > Withdraw > Euros (EUR).
  2. Selecting a bank account to withdraw to.
  3. Entering the amount of EUR to withdraw.
  4. Clicking "Review Withdrawal".
  5. Confirming the withdrawal. 

To help your withdrawal go smoothly, check the following:

  • The withdrawal will not result in you exceeding your daily or monthly withdrawal limit. Note the value indicated as your "Maximum withdrawal.”
  • The name on the bank account you are withdrawing to matches the name on your Kraken account.
  • You are not withdrawing to a third-party payments processor.