Skip to main content
Skip table of contents

Clear.Bank

Overview

Clear.Bank is an open banking API and compliance platform with headquarters in Bristol, UK. The service provider is integrated to deliver local and international transfers and instant payments.

Default currencies

The following currencies are supported by the service provider and can be set as default:

  • EUR

  • GBP

Only one default currency is allowed for payment processing.

Prerequisites

An active financial services license is required to implement the integration. Contact your manager for additional details.

Website

https://clear.bank/

Products and services

The following table describes the services delivered by Clear.Bank.

Service name

Description

Execution details

IBANs

The provider delivers a service of account opening. An IBAN identifies the account of a customer at a financial institution and allows to send cross-border transfers.

Locations

Clear.Bank accounts can be opened for citizens of the following countries:

  • EU (European Union)

  • EEA (European Economic Area)

  • Other countries not included into international sanctioned lists

International transfers (SWIFT)

SWIFT transfers allow the end user to send and receive international payments in multiple currencies outside the EU.

Transfer currencies

It is possible to send SWIFT transfers in the following currencies:

  • EUR (Euro)

  • GBP (Pound sterling)

  • USD (United States dollar)

Locations

The functionality supports transfers to all countries included into the SWIFT network.

Faster Payments, CHAPS, BACS

Instant (24/7) interbank transfers that can be filled within one business day.

Transfer currencies

It is possible to make faster payments in the following currency:

  • GBP (Pound sterling)

Locations

Clear.Bank faster payments can be executed inside the following country:

  • The United Kingdom.

Currency exchange

The functionality allows to exchange fiat currencies within client’s accounts by means of the service provider venues. Clear.Bank configuration includes internal built-in limits, see the Currency exchange limits section for details.

Exchanged currencies

The following currencies can be exchanged:

  • USD (United States dollar)

  • EUR (Euro)

  • GBP (Pound sterling)

  • CAD (Canadian dollar)

  • CHF (Swiss franc)

  • PLN (Polish złoty)

  • NOK (Norwegian krone)

  • DKK (Danish krone)

  • SEK (Swedish krona)

  • CZK (Czech koruna)

  • HUF (Hungarian forint)

Cut-off times

See the document provided by Clear.Bank:
Cut-off Times.pdf

Currency exchange limits

The following limits are applied to fiat exchange transactions processed by Clear.Bank.

Currency

Minimum value

CAD

17

CHF

11

CZK

279

DKK

86

GBP

10

HUF

4411

NOK

134

PLN

52

RON

54

SEK

135

USD

13

EUR

12

JavaScript errors detected

Please note, these errors can depend on your browser setup.

If this problem persists, please contact our support.