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Bank deposit and withdrawal time frames

  • Updated

Faster Payments (GBP)

Deposits

Deposits to CoinJar via Faster Payments Service (FPS) are usually received within 1-2 hours. Sometimes, bank transfers can take longer than expected due to (but not limited to) the following reasons: 

  • It's your first deposit to CoinJar from your bank account. Your first deposit can take up to 24 hours to reach you. Subsequent deposits will be faster, often reaching you within the hour. 
  • Your sort code or account number was entered incorrectly. If this happens, please contact your bank immediately so they can assist with stopping or recalling the transfer.

Withdrawals

Bank withdrawals from CoinJar have a 3.30pm GMT cut off time for same day processing. Withdrawals made after this time on any business day — or during the weekend — will be processed the next business day. 

Bank withdrawals are not instant. Most withdrawals are received the morning of the next business day, if the withdrawal was made before the cut-off time for same day processing.

Please note: CoinJar doesn't have control over the time it takes for your bank to credit your account. Some banks may take up to three business days to process withdrawals.

If your withdrawal isn't in your bank account by the fourth business day, please contact CoinJar Support. We can confirm the withdrawal status and gather information so that you can follow up with your bank. 

 

 

 

 



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