STICPAY Local BankWire - Withdrawal

What is Local Bank Wire?
How is it different from International Bank Wire?

Local bank wire option allows you to receive funds from STICPAY partner bank in your country to your bank account in your own currency.
By using local banking system in your country, it eliminates the intermediary bank costing 2-3 days as well as higher transfer fees incurred
from international bank wire.

* Processing times can vary depending on the country and the transaction time of the day.

What are the benefits
of using Local Bank Wire?

Most importantly,Local Bank Wire service saves time and money.
This is made possible by receiving money directly from STICPAY partnered local bank, unlike international bank wires.
It also makes it easier for anyone to send money by a few clicks rather than the traditional way of sending money internationally.

Example :
Ms. Hiroshige resides in Japan and has a Japanese bank account. As a STICPAY user, she was reluctant to withdraw funds from international bank wires due to the high costs and longer time for the transfers. Now, with STICPAY’s new “Local Bank Wire” services in place, Ms. Hiroshige does not have to hesitate when withdrawing funds. All she has to do is to add her Japanese bank account information and the funds will be available to withdraw from her account within the same day.

Is it legal to send money to my local bank account?

Yes. Unlike traditional transfers using bank swift code network, STICPAY introduced local bank wire using block chain methodology for transferring funds. In other words, We use technologically innovative way to move funds: commonly referred as FinTech. Block chain technology is being adopted in many of our banking partners and it is becoming more and more common in the financial services industry. These banking partners are regulated in their own jurisdiction approved by the regulators.

In which countries can I use
Local Bank Wire Services for withdrawals?

Local Bank Wire Services are only available at STICPAY for the first time in the industry with over 50 countries enabled worldwide. If you have a bank account in one of these countries, you can receive funds much faster than international bank wires.

Local bank wire even works in countries where international transfer is very inefficient.

You can now take advantage of STICPAY’s fast and reliable local bank wire services in many of the countries listed below.

EU Countries

Germany

France

United
Kingdom

Italy

Spain

Netherlands

Belgium

Luxembourg

Sweden

Finland

Denmark

Portugal

Austria

Hungary

Greece

Ireland

Czech

Slovakia

Poland

Lithuania

Latvia

Estonia

Slovenia

Malta

Cyprus

Romania

Bulgaria

Croatia

Asian countries

Philippines

Singapore

Republic of
Korea

Thailand

Vietnam

Indonesia

Malaysia

Cambodia

Other countries

Oceania
Australia

North America
Canada

South America
Brazil

South America
Peru

Africa
Nigeria

Mena
UAE

STICPAY Local Bank Wire - Deposit

Can I use Local Bank Wire for making
deposits to STICPAY account?

Yes. If you have a bank account in one of the countries listed below, you are able to use local bank wire option
for making deposits to your STICPAY account.

Example :
David resides in UK and has a UK bank account. As a STICPAY user in the approved country, he can deposit funds to STICPAY account using our partner bank in the UK.

LOCAL BANK WIRE - DEPOSIT
ENABLED COUNTRIES LIST

Check for updates as more countries are being added periodically

Japan