Fiat Address Management
To add a Fiat bank instruction, select the Fiat Instructions tab, which would display Manage your fiat information page:
Click Add Fiat Instructions displays:
Select the currency from Currency dropdown.
Fill in other relevant information such as:
Label: A short user-friendly name for this instruction set (e.g., "Client A USD Account" or "Payroll Account"). It helps the user identify this instruction quickly in lists.
Beneficiary Type: Determines whether the beneficiary is a business entity.
Business: A legal entity (company, corporation, LLC, nonprofit, etc.); use the company’s registered/legal name exactly as held by the bank.
Users can whitelist up to 5 bank accounts per fiat.
Certain countries like Canada do not use IBAN. Hence, whether to use IBAN or not depends on the country selected.
Bank instructions fields
Beneficiary Information
The user's business details such as business information, bank information, etc. must be provided in the Beneficiary section.
Beneficiary Legal Name: Full registered legal name of the user's business.
Beneficiary Address: Address of the user's business.
Beneficiary Bank Information
Bank name: Bank name of the user's business.
BIC/SWIFT code: BIC/SWIFT code of the intermediary bank. If required for the payment route, ensures proper routing and prevents delays or rejections.
Routing code: Domestic routing number for the user's bank. This field is optional and will be used on a best-efforts basis to facilitate domestic payment processing when available. Please provide the following based on currency:
USD: ABA routing number (9 digits) - e.g., 021000021
GBP: Sort code (6 digits, format: XX-XX-XX) - e.g., 20-00-00
CAD: routing number (9 digits. Always starts with a 0, followed by a 3 digit institution number, then a 5 digit bank transit number) - e.g., 000405002
AUD: BSB code (6 digits, format: XXX-XXX) - e.g., 062-001
JPY: Bank code (4 digits) + Branch code (3 digits) - e.g., 0001123
AED Routing Code must be exactly 9 numeric digits.
Account number/IBAN: The account number or IBAN of the user's business.
Reference Code: Reference sent with the transfer to identify the payment purpose and prevent delays.
Country: Country where the user's business account is based.
Address: Bank address of the user's business.
Intermediary Bank Information (Optional)
Bank name: The name of the intermediary financial institution facilitating the payment (e.g., for cross-border transfers). Required only if an intermediary is involved.
Intermediary BIC/SWIFT code: BIC/SWIFT code of the intermediary bank. If required for the payment route, ensures proper routing and prevents delays or rejections.
Account number: Account number held at the intermediary bank for correspondent banking. If required, ensures funds are properly credited and forwarded without delays.
Address: Address of the intermediary bank.
This adds the whitelisted address of the user's business to the Fiat Information with a Pending status. Expand the row to view this information.
It is possible to enable the user's business account to only withdraw to whitelisted addresses, or a combination of freeform addresses and whitelisted addresses. If withdrawal to whitelisted addresses is selected, any address that is added will be in cooldown for 24 hours, implying that this address cannot be used for 24 hours after being added.
Aquanow' OPS team must be notified via chat that a new bank account for the user's business has been added. Once OPS has verified and approved the user's bank account, it is successfully whitelisted.
A previously whitelisted address of the user's business can be removed by selecting the Delete icon at the far right of the saved address row.
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