It’s been more than 2 weeks since the launch of our wallet services for personal users, and we have received an overwhelming response and suggestions from our community to improve our services. In this article, we explained all the methods through which you can currently fund your account. To know the complete features of Cashaa wallet for personal use, read this.
We currently have fiat wallets denominated in GBP and EURO, which users can fund in more than 200 currencies (ex. PHP, INR, SGD, SEK) around the world using the following payment methods. Through the application, you can decide which wallet you want to fund, currencies other than EURO/GBP will be converted into EUR or GBP based on your selection during the deposit process.
1. FPS Transfer (the UK, only for GBP deposits)
Faster Payments Service (FPS) is a UK banking initiative to reduce payment times between different banks’ customer accounts from three days to typically a few seconds. This payment method can be used when you are making the payment from your existing UK bank account (including Cashaa issued account) to the Cashaa GBP wallet. FPS transfers will be reflected within a few minutes after the payment is done.
Deposit time: Instant
Please note: Currently our system is under monitoring and subject to manual approval (up to 20th May) for compliance reasons and may take up to 24hr’s to reflect the balance in your account after you have completed the payment and submitted the transaction number.
2. SEPA Transfer (Europe- Only for Euro deposits)
The Single Euro Payments Area (SEPA) is a payment integration initiative of the European Union for the simplification of bank transfers denominated in Euro. Countries covered are the 28 EU States: Austria, Germany, Netherlands, Belgium, Greece, Poland, Bulgaria, Hungary, Portugal, Cyprus, Ireland, Romania, Czech Republic, Italy, Slovak Republic, Denmark, Latvia, Slovenia, Estonia, Lithuania, Spain, Finland, Luxembourg, Sweden, France, Malta, United Kingdom and Croatia. Several factors influence the time it takes for funds to reach an overseas account. However, standard time for most transfers is about 1 to 3 business days to your Cashaa Euro Wallet.
Deposit time: 1- 3 business days
3. SWIFT Transfer (Worldwide- In any local currencies)
SWIFT payments are required when you are funding your wallet from another country than Europe or the UK. Normally such transfers take 3–5 business days. You can fund your Euro or GBP wallet with a SWIFT transaction from more than 210 countries after the KYC is complete. Once the payment is received by us it will take 24 hrs to reflect in your chosen wallet.
Deposit time: 3- 5 business days
4. Debit or Credit Card (Worldwide- In any local currencies)
Users can use debit and credit card issued by any bank having Mastercard or Visa logo to fund their Cashaa GBP wallet.
You can also use your debit or credit card to immediately purchase the crypto assets directly through the Trade option by selecting the payment method as a Credit or Debit card. This service is available worldwide other than the USA.
Deposit time: Instant
The Cashaa Team
The Next Generation Banking Platform