This article is intended for members in the United Kingdom. If you're looking for instructions for CoinJar Australia, visit this article.
CoinJar accepts GBP deposits over the Faster Payments Service (FPS).
We also offer deposit methods for AUD and EUR for users with individual accounts.
CoinJar members can also instantly buy cryptocurrencies via Instant Buy. Instant Buy allows you to directly buy cryptocurrency using a supported Visa or Mastercard.
Before you begin
- You'll need to have completed identity verification in order to be eligible to deposit pounds into your CoinJar.
- When making a deposit, the bank account from which you deposit funds must be held under your own legal name.
Depositing funds to your CoinJar with the Faster Payments Service
FPS at a glance
- No deposit fee
- Typically arrives within 1-2 hours
How to make a deposit using FPS
- Tap or click on the Deposit button on the home screen, select Bank Transfer (FPS), and take note of the sort code and your unique account number.
- Open your bank's app or website, and follow the prompts to make a new payment. This process will be different for every bank.
- Enter the sort code and account number as seen in step 1.
- You may be required to specify a beneficiary name. If prompted, enter CoinJar UK Limited as the beneficiary name.
- Enter the desired deposit amount.
- Confirm the payment.
Note: The first deposit you make to your CoinJar account can take up to 1 business day to arrive.
Requirements and important information
- Deposits to CoinJar are not instantaneous, and usually take 1-2 hours to arrive.
- You should only deposit funds to CoinJar using a bank account held solely in your legal name. Deposits from business bank accounts, joint bank accounts, or bank accounts with outdated or incorrect names may be rejected.
- Some banks use a service called 'Confirmation of Payee' which is a name checking service aimed at reducing mistaken payments and fraud. When making a deposit to CoinJar, you may receive a 'No match' warning. This is because CoinJar uses a third party company to facilitate deposits and withdrawals. It is safe to proceed as long as you have ensured that the sort code and account number matches the one provided to you in the CoinJar app or website.
- CoinJar does not support deposits from bank accounts operated by Santander.
Foreign Currency
CoinJar allows it's customers with individual accounts to deposit the following foreign currencies to fund their transactions:
- AUD
- EUR
Please see the below instructions for depositing the aforementioned currencies into your CoinJar account.
PayID [$AUD Deposits]
PayID at a glance
- No deposit fee
- Typically arrives within a minute
- Not all Australian banks support PayID at this time
Note: The very first PayID deposit you make to CoinJar may take up to 24 hours to arrive while your bank performs security checks.
PayID allows you to quickly deposit funds to your CoinJar using a unique email address assigned to your account.
Deposits via PayID typically arrive within a few minutes, and can be initiated outside of business hours without any additional delay.
How to make a PayID deposit
- Tap or click on the Deposit button on the home screen, select PayID, and take note of your unique PayID email address.
- Open your bank's app or website, and follow the prompts to make a new payment. This process will be different for every bank.
- Select email address as the recipient and enter your unique CoinJar PayID email address. Don't select "Organisation ID" or "Business".
- Enter the desired deposit amount.
- Confirm the payment.
Requirements and important information
- Deposits made from a bank account that's not registered in your legal name will be rejected and returned.
- PayID deposits made to your unique PayID email address (e.g. sample12345@payid.coinjar.com) do not require a reference number. You can enter any text of your choice in the description field or leave it blank.
Bank transfer
Bank transfer at a glance
- No deposit fee
- May arrive within a minute, or take 1-3 business days to arrive
- Not held in the reserved balance
Bank transfers allow you to directly send funds to your CoinJar using a unique BSB and account number assigned to your account.
The BSB and account number is unique to your account and will never change, meaning you can easily schedule future transfers from your bank account.
How to make a bank transfer
- Tap or click on the Deposit button on the home screen, select Bank transfer, and take note of the BSB and your account number.
- Open your bank's app or website, and follow the prompts to make a new payment. This process will be different for every bank.
- Enter the desired deposit amount.
- Enter your CoinJar's unique BSB and account number.
- Confirm the payment.
Requirements and important information
- Bank transfers may not be instantaneous, and can take up to 3 business days to arrive. The timeframe of a bank transfer deposit can depend on your bank and its support for Osko. If your bank does not support Osko or you have exceeded your bank's Osko limit, your bank transfer may be sent via a slower method. Transfers via this slower method can take 1-3 business days to arrive, and are not processed on weekends or public holidays observed in Australia.
- CoinJar has no control over how your bank processes bank transfers.
- There is no minimum deposit amount. The maximum amount depends on your CoinJar's account limits, and the transfer limits set by your bank.
- The BSB and account number you have been issued must only be used for deposits to your CoinJar account. Deposits made from a bank account that's not registered in your legal name will be rejected and returned.
SEPA [€EUR Deposits]
- No deposit fee
- Typically arrives within 1-2 Business days
How to make a deposit using SEPA
- Tap or click on the Deposit button on the home screen, select SEPA Transfer, and take note of the IBAN and your SWIFT/BIC.
- Open your bank's app or website, and follow the prompts to make a new payment. This process will be different for every bank.
- Enter the IBAN and SWIFT/BIC as seen in step 1.
- You may be required to specify a beneficiary name. If prompted, enter CoinJar UK Limited as the beneficiary name.
- Enter the desired deposit amount.
- Confirm the payment.
Account limits
This deposit method is subject to additional account limits. Please check your account limits before heading out to a deposit location.
Learn more
- See how to instantly buy cryptocurrency using your credit or debit card without making a deposit.
- See how to check your account limits.
- If you have any questions or if your deposit has not arrived, contact us.