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) Minimum amount for exchange CZK (Czech koruna): 30 CZK DKK (Danish krone): 15 DKK HUF (Hungarian forint): 500 HUF NOK (Norwegian krone): 15 NOK PLN (Polish złoty): 5 PLN RON (Romanian leu): 5 RON SEK (Swedish krona): 15 SEK Other currencies: 1 unit 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 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