Adding & Withdrawing Money
Peridot connects to the regular banking system in both directions: money in by SEPA bank transfer or card, money out to your bank account. This page covers the flows, the timelines, and what each status message means.
Money in: bank transfer (SEPA)#
- 1
One-time setup
Enter your email and country, accept the terms, and complete a short identity check (KYC) — required by EU regulation for fiat services, usually done in minutes. - 2
Get your personal IBAN
You receive a dedicated virtual IBAN with account holder and bank details, shown right in the app. - 3
Send euros from your bank
A normal SEPA transfer — same-day to next business day. Instant SEPA arrives in seconds where your bank supports it. - 4
Funds land as digital currency
Your euros arrive as USDC or EURC directly in your Peridot wallet, ready to deposit. The app offers to complete the deposit in one tap.
| Status | Meaning |
|---|---|
| Processing | Your transfer was received and is being converted. |
| In review | A routine compliance check is running — typically resolves within hours. |
| Added | Done — the money is in your wallet. |
| Returned | The transfer couldn't be processed and was sent back to your bank account. |
Money in: card & Apple Pay#
For instant funding, pay by card or Apple Pay. Card processing is handled by licensed payment providers; fees are higher than SEPA (the provider's cut, shown before you confirm), but funds are usable immediately. After payment, the app watches for the funds to arrive and resumes your deposit automatically.
Money out: cash out to your bank#
- 1
Withdraw from your position
If your money is deposited and earning, withdraw it to your wallet first — instant, any amount. - 2
Cash out
Choose “Cash out”, enter your IBAN, and confirm. Your digital euros convert back to bank euros. - 3
SEPA payout
The payout arrives via SEPA, typically the same or next business day.
Fees, plainly
Peridot doesn't charge deposit or withdrawal fees on the lending side. Fiat rails carry their own costs — SEPA is near-free, card providers charge a percentage — and every fee is shown before you confirm, never after.