Crowdfunding on Crowdfunder.co.uk: UK Bank Account Requirements
To Crowdfund on our site crowdfunder.co.uk, you must have a UK-registered bank account linked to an address in the UK to run a project with us. Non-UK-registered banks and online payment platforms, such as Revolut or Wise, do not meet this requirement. If you do not have a UK bank account, you will not be able to use the platform.
Reasoning Behind the Restrictions
Crowdfunder's payment provider is configured to support UK-registered bank accounts to ensure compliance with financial regulations and provide a seamless payment process for users. Non-UK banks and online platforms often fail to meet the requisite technical or regulatory standards.
Unsupported Banks and Platforms
The following accounts cannot be used with Crowdfunder:
Banks based outside the United Kingdom, such as those in Ireland (e.g., AIB).
Online payment platforms, including:
Revolut
Wise
Payoneer These exclusions are due to compatibility requirements with Crowdfunder's UK-centric payment infrastructure.
You will still be able to accept international payments on your project from major international debit and credit cards.
Alternatives for Non-UK Users
FAQs
Why isn't my Revolut account supported?
Revolut functions as an online payment platform and does not typically qualify as a UK-registered bank account.
Can I use an Irish bank account for Crowdfunder?
No, accounts from Irish banks, such as AIB, are not compatible with Crowdfunder. Only UK-based bank accounts meet the requirements.
Are any online platforms supported for payments?
No, platforms like Wise, Payoneer, and Revolut are not supported. You must use a traditional UK-registered bank account.
For individuals who live outside the UK and do not possess a UK bank account/address, we recommend considering alternative crowdfunding platforms available locally in your country or region.