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
| Region | Details required |
|---|---|
| UK accounts | Account holder name, sort code (6 digits), account number (8 digits) |
| EU / Eurozone | Account holder name, IBAN, BIC/SWIFT code |
| Rest of world | Account holder name, IBAN or account number, BIC/SWIFT code, bank name & branch address, and the local bank code where one is used |
The account holder name must match the seller's verified name. If you're selling as an entity, the account must be in the entity's name.
To enter non-UK details, go to your Crowdcube account settings and choose "I don't have a UK bank account". You can then enter your IBAN and SWIFT/BIC code.
Will Crowdcube check my bank details?
Yes. Before releasing payments we may arrange a short call to verify your bank details. If we do, we'll email you a to book a time. Please have your bank details to hand.
Why might Crowdcube contact me about my payment details?
You may hear from us if:
- the name on the bank account doesn't match the verified name of the seller 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?
Crowdcube pays proceeds in the transaction currency and does not convert funds before sending them. If that is different to your bank account's currency (for example, GBP into a USD-only account):
- Automatic conversion - your bank will usually convert the funds automatically at its own rate on the day the money arrives. We can't confirm that rate in advance, and your bank 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 the seller's name (or the entity's name, for institutional sellers).
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.