Money will be available for withdrawal to your private bank account once the customer has paid the invoice. Withdrawal can be initiated in the Payout tab or will be processed automatically if you have selected "Automatic payout" while creating the invoice. Payouts are processed in 1 working day. Abillio uses the services of Swedbank, TransferWise, Citadele, and SEB. Any transfer of up to 15,000 euros to a TransferWise, Swedbank, SEB bank, or Citadele account will be made as an instant payment and will arrive in a matter of seconds.
To other banking institutions:
- Payments received by 4 p.m. will be processed the same day.
- If after 4 p.m., the next working day.
- Payments to another bank in Europe (standard SEPA payments) are initiated several times per day on working days, and the speed with which the money arrives at the beneficiary bank is dependent on clearing - so it is impossible to predict how quickly the money will be received (usually within a few hours), but money transferred on Friday evening will arrive on Monday morning.
For EUR payments in SEPA (Eurozone) payments are 1.00 EUR and they are processed in one working day, basically the same day.
International payments in SWIFT payments can cost up to 15$ and take up to 3 working days.
ACH payments (for USA-based accounts) are processed the same day and cost 1.00 EUR.
If you’re sending other currency rather than the one that is supported by your bank account, there might be some FX fees on top (Forex Exchange).
If you have any questions please make sure you consult with our team in chat before initiating payments!