Nium Fund & Collect Playbook
Our guide to receiving money using the Nium network.
Use case
- Not selected
-
The currency you want to fund your account in or the currency you want to accept from third
parties
- Not selected
-
The country in which receiver is located
- Not selected
-
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.
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.
Platform
The channel/platform on which you are onboarded Nium One or Masspay.
The channel/platform on which you are onboarded Nium One or Masspay.
Unsure about something? Visit the User Guide.
Unsure about something? Visit the User Guide.
€
SEPA Instant
(Bank Account)
Euro
Realtime
Expected time frame within which you are expected to receive the funds
Your location
All
Sender location
Europe
Cutoff and delivery notes
24 *7 Availability
Transaction types
B2B
B2P
P2P
P2B
Transaction limits
EUR 100,000
EUR 100,000
EUR 100,000
EUR 100,000
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
€
SEPA Instant
(Bank Account)
Euro
Realtime
Expected time frame within which you are expected to receive the funds
Your location
null
Sender location
Europe
Cutoff and delivery notes
24 *7 Availability
Transaction types
B2B
B2P
P2P
P2B
Transaction limits
No limit
No limit
No limit
No limit
Unique Virtual Account availability
null
Multiple Virtual Accounts per customer
null
Virtual Account allocation method
Asynchronous - virtual account will be allocated within 15 minutes
Virtual Account in the name of
Customer
Notes
null
€
SEPA Instant
(Bank Account)
Euro
Realtime
Expected time frame within which you are expected to receive the funds
Your location
All
Sender location
Netherlands
Cutoff and delivery notes
24 *7 Availability
Transaction types
B2B
B2P
P2P
P2B
Transaction limits
EUR 100,000
EUR 100,000
EUR 100,000
EUR 100,000
Unique Virtual Account availability
null
Multiple Virtual Accounts per customer
null
Virtual Account allocation method
Synchronous - virtual account will be allocated in realtime.
Virtual Account in the name of
Stichting Custodian Nium Europe-CMA
Notes
null
€
SEPA Standard
(Bank Account)
Euro
T0
Expected time frame within which you are expected to receive the funds
Your location
null
Sender location
Europe
Cutoff and delivery notes
Credit will be applied the same working day if funds are received before 14:00 CET.
Transaction types
B2B
B2P
P2P
P2B
Transaction limits
EUR 100,000
EUR 100,000
EUR 100,000
EUR 100,000
Unique Virtual Account availability
null
Multiple Virtual Accounts per customer
null
Virtual Account allocation method
Asynchronous - virtual account will be allocated within 15 minutes
Virtual Account in the name of
Customer
Notes
null
€
SEPA Standard
(Bank Account)
Euro
T0
Expected time frame within which you are expected to receive the funds
Your location
All
Sender location
Europe
Cutoff and delivery notes
The amount will be credited to the beneficiary on the sameday if funds are received before 14:00 EET.
Transaction types
B2B
B2P
P2P
P2B
Transaction limits
No limit
No limit
No limit
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
€
SEPA Standard?? or any other local payment method?
Euro
T0
Expected time frame within which you are expected to receive the funds
Your location
All
Sender location
Netherlands
Cutoff and delivery notes
The amount will be credited to the beneficiary on the sameday if funds are received before 14:00 EET.
Transaction types
B2B
B2P
P2P
P2B
Transaction limits
No limit
No limit
No limit
No limit
Unique Virtual Account availability
null
Multiple Virtual Accounts per customer
null
Virtual Account allocation method
Synchronous - virtual account will be allocated in realtime.
Virtual Account in the name of
Stichting Custodian Nium Europe-CMA
Notes
null
€
Target2
Euro
T0
Expected time frame within which you are expected to receive the funds
Your location
null
Sender location
Europe
Cutoff and delivery notes
Credit will be applied the same working day if funds are received before 16:15 CET.
Transaction types
B2B
B2P
P2P
P2B
Transaction limits
No limit
No limit
No limit
No limit
Unique Virtual Account availability
null
Multiple Virtual Accounts per customer
null
Virtual Account allocation method
Asynchronous - virtual account will be allocated within 15 minutes
Virtual Account in the name of
Customer
Notes
null
€
SWIFT
Euro
T0
Expected time frame within which you are expected to receive the funds
Your location
All
Sender location
Europe
Cutoff and delivery notes
Credit will be applied the same working day if funds are received before 16:00 CET.
Transaction types
B2B
B2P
P2P
P2B
Transaction limits
No limit
No limit
No limit
No limit
Unique Virtual Account availability
null
Multiple Virtual Accounts per customer
null
Virtual Account allocation method
Asynchronous - virtual account will be allocated within 15 minutes
Virtual Account in the name of
Customer
Notes
null
€
SWIFT
Euro
T1
Expected time frame within which you are expected to receive the funds
Your location
All
Sender location
Netherlands
Cutoff and delivery notes
Credit will be applied the next working day if funds are received before 16:15 CET.
Transaction types
B2B
B2P
P2P
P2B
Transaction limits
No limit
No limit
No limit
No limit
Unique Virtual Account availability
Yes
Multiple Virtual Accounts per customer
Yes
Virtual Account allocation method
Synchronous - virtual account will be allocated in realtime.
Virtual Account in the name of
Stichting Custodian Nium Europe-CMA
Notes
Sometimes a payment might take slightly longer than expected because of delays at intermediary banks, internal checks, or other similar issues.