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How to deposit EUR through a corporate account

2023-11-04 13:2114156

[Estimated Reading Time: 3 mins]

This article explains how to deposit EUR using a corporate account on Bitget. It includes account setup, verification steps, and Enhanced Due Diligence (EDD) processes.

Before you Begin

How To Set Up Your Corporate Account?

Step 1: Start your corporate deposit setup

1. On the top menu, click Buy crypto and select Bank deposit from the dropdown.

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2. Select EUR as the currency and click Next.

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3. Fill in your company’s required information.

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4. Check I agree to the Fiat Business Authorization Agreement and click Submit.

Step 2: Wait for account creation

1. A prompt will appear showing your account is being created.

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2. Once complete, you’ll see a list of Ultimate Beneficial Owners (UBOs).

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3. Anyone holding more than 25% ownership must complete UBO verification.

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4. If your country is not supported for KYB, you’ll receive a prompt stating: "The country is not supported."

How to Complete Enhanced Due Diligence (EDD) for Deposits and Withdrawals?

Step 1: Complete secure verification

1. If your withdrawal fails due to security reasons, complete Secure verification.

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2. Submit the additional required documents.

3. Review will take up to 2 working days.

Step 2: Upload supplementary materials

1. Your account status will display as under review. Click Keep waiting.

2. Upload Supplementary Material Level 2 and click Confirm.

3. Click Confirm again to finalize submission.

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4. Once approved, a prompt will notify you.

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5. If the order fails due to EDD, you can opt to receive an immediate refund.

FAQs

1. How do I deposit or withdraw EUR?
Follow the steps in this article.

2. How long does KYB verification take?
Usually 5–10 working days with complete documents. Bank deposit verification follows and is processed instantly.

3. How long does it take for EUR deposits to arrive?
For SEPA deposits, allow an additional 24 hours after standard processing.

4. What are the deposit and withdrawal fees for EUR?
For institutional accounts, deposits and withdrawals in EUR are charged a 0.35% fee each. The limits are €10 minimum, up to €200,000 per transaction, and 400,000 per day. Please note that a €2 fee applies for refunds.

5. Which banks are supported?
All banks that support SEPA transfers are compatible with Bitget.

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