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All You Need to Know About Your EUR Account

Learn how to receive EUR into your Pouchers Foreign Account, understand SEPA Instant and SEPA Credit transfers, review deposit fees and timelines, and find out which transaction types are permitted.

Written by Pouchers Desk

Your Pouchers EUR Foreign Account gives you a unique virtual IBAN once your verification is approved. You can use it to receive eligible EUR payments from your own EU/EEA account, registered businesses, and qualifying family transfers.

How You Can Receive Money

Your EUR account supports two payment rails: SEPA Instant and SEPA Credit.

Payment Rail

What It Is

Fee

Deposit Timeline

SEPA Instant

European instant payment network

0.7%, minimum €2, maximum €10

Up to 5 minutes; available 24/7

SEPA Credit

Standard SEPA credit transfer

0.7%, minimum €2, maximum €10

Up to 5 minutes; available 24/7

The fee is calculated at 0.7% of the deposit amount, with a minimum fee of €2 and a maximum fee of €10.

To receive EUR, share your IBAN with the sender. You can find it on your account screen.

Important Notes

  • The minimum deposit is €2.

  • Deposits above €1,000,000 are routed through SEPA Credit instead of SEPA Instant.

  • If the recipient bank does not support SEPA Instant or does not respond in time, the payment may be rerouted through SEPA Credit.

  • Deposits may be reviewed by our banking partner before their final status is confirmed. Processing times are estimates, not guarantees.

What Transactions Are Permitted?

Your EUR account supports the following eligible payments:

  1. First-party payments: Transfers from your own EU/EEA account.

  2. Business payments: Transfers from registered businesses.

  3. Family transfers: Eligible transfers from family members, capped at €2,000.

First-party and business payments have no stated cap in this policy. Family transfers are subject to the €2,000 limit.

Where Must the Sender's Account Be Located?

The sender's IBAN must be issued in the EU/EEA, the UK, or an eligible neighbouring country or territory.

If you are unsure whether a specific country is supported, contact our support team before requesting a transfer.

Are Payment References Required?

No. Deposits are matched to your account using your IBAN. The sender does not need to include a payment reference for the deposit to be matched.

A sender may add a reference for their own records, but it is not required for matching the payment to your account.

What Your EUR Account Cannot Be Used For

Your EUR account is intended for legitimate payments, such as salary, freelance income, invoices, and business settlements.

It must not be used to receive payments related to:

  • Cryptocurrency transactions or crypto P2P trading.

  • Betting or gambling.

  • Forex trading.

Transactions associated with prohibited activities may be declined or flagged for review.

Eligible family transfers up to €2,000 are permitted under the EUR account policy.

This does not permit crypto P2P trading or other prohibited activity.

Need Help?

For assistance with your EUR Foreign Account, contact our support team through:

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