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Local bank transfer on CEX.IO

Our rating
4.0
Offered in
4 countries
Type
Domestic bank rail
Rail reviewed
2026-08-18
Review updated
2026-08-27

Yes. CEX.IO takes Local bank transfer in 4 of the 146 countries we rank it in: Gibraltar, Isle of Man, Israel and Jersey. Instant rails settle in seconds, and the ECB requires euro instant credit transfers to reach the payee within ten seconds, 24 hours a day, 365 days a year, while older batch transfers still take one or two business days. By reach it is second of the 6 rails on our record for CEX.IO; Credit or debit card is offered in more countries.

What Local bank transfer is

A local bank transfer moves money between two accounts inside a single country's own payment system, with no correspondent bank and no currency conversion. The scheme is national and different everywhere: SEPA credit transfers and SEPA Instant in the euro area, FedNow and ACH in the United States, Pix in Brazil. The BIS counts fast payment systems live in more than 100 jurisdictions, and the FedNow Service, operated by the Federal Reserve since July 2023, runs a 24 hour business day every day including weekends and holidays. For someone funding an exchange in their own currency this is normally the cheapest option.

Speed
Instant rails settle in seconds, and the ECB requires euro instant credit transfers to reach the payee within ten seconds, 24 hours a day, 365 days a year, while older batch transfers still take one or two business days.
Cost of the rail
Domestic transfers are free or close to free for consumers in most countries, and in the euro area the Instant Payments Regulation forbids charging more for an instant credit transfer than for a standard one.
Limits
The scheme ceiling is usually far higher than what you can actually send, because your own bank applies its own lower per transfer and daily limits on top of it.

Every exchange that takes Local bank transfer

Where CEX.IO offers Local bank transfer

Each country opens the CEX.IO page for that market, with its rank there and every rail it takes. The number is CEX.IO's rank in that country's guide.

Europe (3)

Middle East (1)

Named locally as GBP bank transfer, Bank transfer, Israeli bank transfer (ILS).

What Local bank transfer costs on CEX.IO

Faster Payments, SEPA and ACH deposits are free of charge; card deposits cost 0.49% to 4.99% plus a provider service charge.

Other ways to pay on CEX.IO

5 other rails at least one country we rank CEX.IO in uses, widest reach first.

Frequently asked questions

Does CEX.IO accept Local bank transfer?

Yes, in 4 of the 146 countries we rank it in: Gibraltar, Isle of Man, Israel and Jersey. By reach it is second of the 6 rails on our record for CEX.IO; Credit or debit card is offered in more countries. Support is decided market by market, so the country pages linked here are the exact list.

In which countries can I use Local bank transfer on CEX.IO?

Gibraltar, Isle of Man, Israel and Jersey, from our country guides reviewed between 2026-08-12 and 2026-08-20. Locally it appears as GBP bank transfer, Bank transfer and Israeli bank transfer (ILS).

How long does a Local bank transfer deposit take on CEX.IO?

Instant rails settle in seconds, and the ECB requires euro instant credit transfers to reach the payee within ten seconds, 24 hours a day, 365 days a year, while older batch transfers still take one or two business days. That describes the rail itself; CEX.IO may hold a first deposit for longer while it verifies your account.

What does Local bank transfer cost on CEX.IO?

Domestic transfers are free or close to free for consumers in most countries, and in the euro area the Instant Payments Regulation forbids charging more for an instant credit transfer than for a standard one. On CEX.IO's side: Faster Payments, SEPA and ACH deposits are free of charge; card deposits cost 0.49% to 4.99% plus a provider service charge.

Are there limits on Local bank transfer deposits?

The scheme ceiling is usually far higher than what you can actually send, because your own bank applies its own lower per transfer and daily limits on top of it. Any limit CEX.IO applies on top is set per account tier and shown inside the platform.

Sources