We know that quick and efficient asset transfers are crucial in the fast-moving crypto industry. 

With this in mind, we are excited to announce the recent addition of SEPA Instant Credit Transfer (SCT Instant) to the EUR funding methods available to our clients in the SEPA zone.

With SCT Instant you can fund your Kraken account with EUR in a matter of minutes!

SCT Instant is enabled by ClearJunction, which has been a Kraken funding provider for some time. Founded in 2016 by banking industry veterans with a focus on cross-border payments, ClearJunction offers a host of services to financial institutions across the globe.

Requirements

• Your bank must also support SCT Instant. Prior to attempting a transfer, check with your bank about availability and possible extra fees.
• Your verified country of residence must be in the SEPA zone.
• Your Kraken account must be verified to Intermediate or Pro.

How to Deposit

1. Navigate to “Funding” > Select EUR. You can find EUR either by ticking “Show all assets” or by searching for “EUR.”
2. Click “Deposit” next to EUR.
3. Select ClearJunction as the funding provider.
4. Follow the on-screen instructions. 

Fees

• Deposit: Free
• Withdrawal: 0.90 EUR

Minimum and maximum amounts

• Minimum deposit: 1 EUR
• Minimum withdrawal: 3 EUR
• Maximum deposit/withdrawal: 100,000 EUR

Please see the ClearJunction Funding Provider article in our support center for more information.