What is a transit account?
A transit account is sometimes used to process bank transfers. These accounts act as intermediaries to help move funds between banks.
If your bank account details include a transit account, you should enter it in the appropriate field when submitting your request on the investment platform.
What if you don’t have a transit account?
If your bank details don’t include a transit account, you can simply leave that field blank.
How can you get your bank details?
To find out whether you have a transit account or to get all the necessary details for your bank account, contact your bank directly or visit one of their local branches.
What is a corresponding bank account?
A corresponding bank account is also sometimes used to process international transfers. These accounts serve as intermediaries between your bank and the receiving bank.
If this type of account appears in your bank information, you should also include it in the designated field when submitting your request.
What if you don’t have a corresponding bank account?
If your account doesn’t include this information, you can leave the field empty when completing your transfer request.
💡 Remember: If you’re unsure about any of these details, the best thing to do is reach out to your bank and ask for the complete and correct information.