Easy bank transfers are a form of bank transfer that takes advantage of open banking to offer a smooth and fast payment experience by securely connecting your bank account with Ramp Network.
Open banking is a system where banks and other financial institutions share customers' financial data securely through APIs (Application Programming Interfaces) with third-party providers, such as fintech companies, with the customers' permission.
This allows us to instruct your bank to set up a bank transfer (that you must approve later, of course), and finally confirm the payment easily.
How Easy Bank transfers work in 3 simple steps
Link your bank account to Ramp Network
Notify your bank to set up a transfer approval for you
Click confirm, and your payment is on its way
Reminder
Before you start the payment, please make sure that you have enough balance to cover the payment amount and any fees your bank may apply to the transfer (e.g., currency conversion if your currency isn't supported directly). An insufficient balance will cause your payment to fail.
What to do if my bank isn't listed for Easy Bank Transfers on Ramp Network
Easy bank transfers are only available in select banks and countries. Check back in a few weeks or months if your bank is not yet on the list, as we're constantly working on adding support for new banks.
The information below concerns options available exclusively to residents located within the European Union and the UK. If you find your bank isn't listed, there can be several reasons for this:
your bank might not be connected to open banking, which allows for quick transactions
making easy bank transfers and open banking verification is not possible
However, this doesn't mean all is lost yet. For users who don't see their bank listed or are located outside the UK and EU, there are some other options:
card payments using Visa, MasterCard, or Apple Pay
or you can pay by manual bank transfer (here’s a list of all supported countries)