Fidor Bank will wind down its operations by mid-2024.
We are working closely with Fidor to organize a seamless transition of our operations away from Fidor. Currently, we are no longer displaying the EUR deposit methods Fidor Bank (SEPA) and Fidor Bank (Wire Transfer) on the funding pages. However, you may continue to deposit funds as usual to the Fidor Bank account, in case you have stored the bank account details in your online banking portal. On your funding page, you should see the EUR deposit methods Clear Junction (SEPA & SEPA Instant), Bank Frick (SEPA) and Bank Frick (SWIFT). We will communicate to you in a timely manner when the funding option via Fidor will be discontinued.
Fidor AG is one of our funding providers in Europe and a leading digital bank, providing support for EUR funding. Both SEPA deposits and withdrawals via Fidor AG are available as the default option on your account, provided the eligibility requirements are fulfilled.
Fidor AG also offers EUR SWIFT deposits. SWIFT withdrawals are not currently available, to withdraw EUR outside of the SEPA zone you will have to use one of our other SWIFT options. Please note that SWIFT deposits have to be sent in EUR and deposits in currencies other than EUR will be rejected by our banking provider. Clients with a Fidor AG bank account may also take advantage of near-instant deposits and withdrawals via this funding option.
- Your Kraken account must be verified to the Intermediate or Pro level.
- Your bank or financial institution account must be under the same legal name as your Kraken account.
- Your bank or financial institution must be located in the SEPA zone for SEPA deposits and withdrawals.
- For SWIFT EUR deposits, your bank or financial institution must be part of SWIFT. Your institution must also be located in one of the countries listed below. Transfers coming from countries not on this list are very likely to be rejected by Fidor. In addition, if you are a not a resident in one of the countries listed below, your transfer may also be rejected by Fidor.
- All SEPA countries
- The Bahamas
- Canada
- Chile
- Costa Rica
- Israel
- Qatar
- Saint Lucia
- Saint Vincent and the Grenadines
- Samoa
- Seychelles
- Turks and Caicos Islands
- Uruguay
- New Zeland
- USA
- Australia
- Japan
Single Euro Payments Area (SEPA):
SEPA is a payment-integration initiative of the European Union and is used for sending cross-border Euro transfers between banks that are part of the SEPA network. Fidor Bank SEPA processes both deposits and withdrawals in EUR.
Society for Worldwide Interbank Financial Telecommunication (SWIFT):
SWIFT is a global messaging network used to securely send and receive information, such as money transfer instructions, between banks and other financial institutions. Fidor Bank SWIFT only accepts EUR deposits.