Payments & Banking Setup

Getting your bank details right is critical. It's the main way to avoid delays or unnecessary banking charges when your proceeds are paid out.

Bank details required by region

Why might Crowdcube contact me about my payment details?

You may hear from us if:

• the name on your bank account doesn't match your verified identity on Crowdcube
• the IBAN/SWIFT code provided is invalid or missing routing information
• we need extra proof of account ownership, such as a redacted bank statement header

What if I have a non-UK bank account?

Crowdcube supports international payouts. Make sure you provide complete SWIFT/BIC details alongside your account number or IBAN. If your bank uses an intermediary or correspondent bank for incoming international wires, check with your bank whether extra details are needed.

What if I don't have a local account in the payout currency?

If your proceeds are paid in a different currency to your bank account (for example, USD into a GBP-only account):

• Automatic conversion: your bank will usually convert the funds automatically, though it may apply high FX fees and a weaker exchange rate.
• Multi-currency accounts: you can use a provider such as Wise or Revolut to receive funds directly in the transaction currency, as long as the account is in your legal name.

What should I check with my bank about fees?

Before you submit your details, ask your bank:

• Do they charge a flat fee for incoming international or high-value transfers?
• Are intermediary banks likely to deduct fees along the way?

What should I know about foreign exchange (FX)?

• Exchange rate movement: if your shares are priced in one currency (e.g. GBP) and your account is in another (e.g. EUR or USD), the amount you receive depends on the market rate at the time of payout.
• Conversion margins: high-street banks often add a 2–4% margin over the mid-market rate.