How Do I Deposit with a Bank Transfer?

Send EUR via SEPA, USD via ACH, or any currency via wire transfer to fund your Peanut account. SEPA deposits arrive in under 20 minutes for 90% of transfers. ACH takes 1-3 business days. No deposit fees from Peanut.

Supported Rails

RailCurrencySpeedAvailability
SEPAEUR90% under 20 minutes41 SEPA zone countries
SEPA InstantEURMinutes24/7/365
ACHUSD1-3 business daysUnited States
WireUSD or EUR1-5 business daysGlobal (any SWIFT bank)

Identity verification is required for all bank deposits.

Make a Bank Deposit

  1. 1

    Open the app and tap Deposit

    Select bank transfer and choose your rail — SEPA, ACH, or Wire.

  2. 2

    Copy the bank details

    Peanut will display the account details and a unique reference number. Copy both carefully.

  3. 3

    Open your banking app

    Create a new transfer using the bank details from the previous step. Enter the Peanut account as the recipient.

  4. 4

    Include the reference number

    This is how Peanut matches the transfer to your account. Without it, your deposit will be delayed. Copy and paste it exactly — do not type it manually.

  5. 5

    Send the transfer

    Double-check that the name on your bank account matches your Peanut account name. Send the transfer.

  6. 6

    Wait for processing

    SEPA: usually under 20 minutes. ACH: 1-3 business days. Wire: 1-5 business days. Your balance updates automatically.

Important

The reference number is critical. Missing or incorrect references are the most common cause of delayed deposits. Always copy and paste it from the app.

Info

The name on your bank account must match the name on your Peanut account. Transfers from joint accounts or business accounts with a different name may be delayed or returned.

Tips by Rail

SEPA: Send in EUR only. If your bank supports SEPA Instant, your deposit will arrive even faster — SEPA Instant works 24/7, including weekends and holidays.

ACH: Initiate early in the day for faster processing. ACH does not process on weekends or US holidays. For faster funding, consider a crypto deposit instead.

Wire: Your bank may charge $25-$80+ for outgoing wires — Peanut charges nothing on its end. Choose "OUR" as the fee instruction if your bank offers it, to avoid intermediary deductions.

FAQ

Are there any deposit fees?+

Peanut charges no deposit fees on any rail. Your bank may charge fees for outgoing wire transfers ($25-$80+). SEPA and ACH transfers are typically free from your bank as well.

Is there a minimum deposit?+

No. There is no minimum deposit amount for any rail.

What if I forgot the reference number?+

Your deposit may be delayed while Peanut manually matches it to your account. Contact support with your bank transfer confirmation to speed up the process.

Can someone else deposit into my account?+

Yes. A third party can send money to your Peanut deposit details. All three matching criteria must be met: the reference number, sender name, and amount must all match exactly.

Why hasn't my ACH deposit arrived yet?+

ACH transfers take 1-3 business days and do not process on weekends or US holidays. If it has been more than 3 business days, contact support with your transfer confirmation.

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