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Nium Fund & Collect Playbook

Our guide to receiving money using the Nium network.

Payouts Fund & Collect

Filters

Use case

Fund your own account

Accept funds from third parties

The currency you want to fund your account in or the currency you want to accept from third parties

The country in which receiver is located

The country from which you would like to fund your account or where your sender is located(if you are accepting funds from third parties)

Rails used

Whether you would like to send your payment via local clearing system such as ACH, Fedwire, CHATS or you would like to route your payment using Swift network.

Local

If the payments are processed using the local clearing system

Swift

Payin method in which payments are processed using the swift network.

Platform

The channel/platform on which you are onboarded Nium One or Masspay.

Nium One

Masspay

Unsure about something? Visit the User Guide.

Intradag (Bank Account)

Danish Krone

Expected time frame within which you are expected to receive the funds

Your location

Austria Belgium Bulgaria Croatia Cyprus Czech Republic Denmark Estonia Finland France Germany Greece Hungary Ireland Italy Latvia Lithuania Luxembourg Malta Netherlands Poland Portugal Romania Slovakia Slovenia Spain Sweden

Sender location

Denmark

Cutoff and delivery notes

The amount will be credited to the beneficiary on the sameday if funds are received before 11:30 CET.

Transaction types

B2B

B2P

P2P

P2B

Transaction limits

No limit

Unique Virtual Account availability

Yes

Multiple Virtual Accounts per customer

Yes

Virtual Account allocation method

Asynchronous - virtual account will be allocated within 24 hours.

Virtual Account in the name of

Customer

Notes

null

SWIFT