Doubt with Bank Transfer

šŸ¤ Help
1

Hi Team,

My bank has a limitation on what to put within the bank transfer.

I can only put:
BANK NAME
BANK ADDRESS
BENEFICIARY NAME
IBAN
BIC
CURRENCY

It is lacking input info ACCOUNT NUMBER and SORT CODE. Is it also missing ā€œReference codeā€ input info, it only appears ā€œSent Noteā€. Could Sent Note be okay as Reference code?

If lacks ACCOUNT NUMBER and SORT CODE will the transfer be valid?

Thank you

2

My bank also lacks the ā€˜account numberā€™ and ā€˜sort codeā€™ fields, donā€™t worry about it. Just fill the fields your bank allows. In theory, they only need the IBAN :slight_smile:

The reference code is important, as this is how T212 knows to deposit the money into your account. In my bank, the field is called ā€˜originatorā€™s referenceā€™, different banks call it differently. On Revolut for instance, they also call it ā€˜noteā€™. Put your reference code there. I believe this should work for you just fine.

3

Hey :wave:,

Thatā€™s correct - any information about the account will be useful. Therefore, adding your account ID in the ā€œNotesā€ section also will be helpful.

On a side note - if you deposit through a joint bank account, you will need to provide us with a bank statement.

4

Hi,

Iā€™ve recently opened up a T212 account and bank transferred Ā£100 to my account but didnā€™t give the correct reference number for the transfer. Do I need to take any further steps to make sure the money reaches my account or is it not that important? Thanks!

1 Like
5

Hi,
What can I do if I didnā€™t put in the right reference number when trying to add funds to my account?

7

Hi Tony, similar concern for me. I would like to transfer an amount from my bank in the Netherlands, however, there is no field for me to enter my Trading 212 account number. There is a description field, but as far as i am aware, that is for me only and not visible to you. Therefore you would receive anonymous money with no idea what account it is for. Iā€™m not sure what the daily limit is on my debit card, but donā€™t really want to be making multiple transactions potentially over several days. Any help appreciated

8

@Vorny Hey,

There is a simple solution in such cases - reach out our team using the in-app contact form (or send us an email to info@trading212.com), attach the transfer receipt, and weā€™ll be able to trace faster the funds.

9

Thanks Tony, may try this later.