Bank Frick funding provider

Withdrawal hold

Certain deposits, such as first time ACH purchases, Paypal deposits, debit or credit card purchases or digital wallet purchases will trigger a temporary (72 hour) withdrawal hold on the account, for security purposes.

Prevent deposit delays

If required and shown in the deposit instructions, make sure your deposit includes a reference to your Kraken Public account ID which starts with AA and is 16 characters long.

Bank Frick supports worldwide SWIFT deposits and withdrawals in EUR, CHF, USD, GBP and CAD. In addition, EUR SEPA and CHF SIC transactions are also supported.

Based in Liechtenstein, Bank Frick can be considered one of the most innovative banks in the region, offering services and solutions specifically tailored to crypto and blockchain businesses.

Requirements

For access to EUR, USD, CHF, GBP and CAD funding, your Kraken account must be verified to the Intermediate or Pro level.
Individuals who have their Kraken account registered to an address in the state of Texas or Massachusetts are currently not eligible to use the Bank Frick funding option.
Your bank account must be registered under the same legal name as your Kraken account.
Depending on the registered country of residence on your Kraken account or the country your bank is in, you may need to provide a Face Photo or an ID confirmation photo.
The service is not available to restricted countries.

Funding methods

Single Euro Payments Area (SEPA): SEPA is a payment-integration initiative of the European Union and is used for sending cross-border Euro deposits and withdrawals between banks that are part of the SEPA network.

Our Bank Frick SEPA account must be used for EUR transactions. Sending any other currency will result in the final deposited funds being converted to EUR at Bank Frick’s internal forex rate, and the transfer will be processed via the SWIFT network.
Using a bank which does not participate in the SEPA credit transfer scheme will result in the transfer being processed via the SWIFT network.
In both instances you may incur additional banking fees which are beyond our control.

Swiss Interbank Clearing (SIC):

The primary eligible clients of the SIC system are Swiss banks and financial institutions based in Liechtenstein and is often referred to as a domestic transfer system. CHF deposits and withdrawals using the SIC system are processed in real-time between 07:00 and 15:00 UTC on banking days.

Our Bank Frick SIC account must be used for CHF transfers. Sending any other currency will result in the final deposited funds being converted to CHF at Bank Frick’s internal forex rate and the transfer will be processed via the SWIFT network.
Using a bank outside of Liechtenstein or Switzerland will result in the transfer being processed via the SWIFT network.
In both instances you may incur additional banking fees which are beyond our control.

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.

This funding method can be used for deposits and withdrawals in EUR, CHF, USD, GBP and CAD between most banks worldwide. Transfers should be sent in the same currency selected on the deposit page. Cross-currency transactions will be converted at Bank Frick’s internal forex rate and the deposit will be credited in the denominated currency of the Bank Frick account selected. You may also incur additional banking fees which are beyond our control. The SWIFT transaction costs outlined in our deposit and withdrawal options pages refer only to the fees charged by our funding provider Bank Frick. SWIFT transfers may be subject to additional charges and conversion fees beyond our control by intermediaries or your own bank.

Funding options

For additional information on funding providers; fees; minimums; and processing times, see our deposit options and withdrawal options articles.

Deposit and withdrawal instructions

For step-by-step instructions, see: how to deposit to your Kraken account and how to withdraw to your bank account.

If you require correspondent bank information for Bank Frick please contact Kraken Support and we can assist you further.