LiteBit is required to check if your bank account is yours when paying out euros. When you deposit euros for the first time from a new account, we check automatically if the account is yours and verify your IBAN. If no automated match was possible, our financial staff will manually review the payment. If the IBAN you used to deposit can't be proven as yours, the transaction is declined and reversed. After your bank account is verified this way, you can start using it as a payout IBAN.
Business related IBAN
All business related IBAN are not allowed. We will refund any payments made with business related bank accounts. This process may take several business days.
Personal shared IBAN
Personal shared/joint bank accounts are allowed, but require manual approval by our financial staff. We monitor all incoming payments. If additional information is required we will contact you.