European (IBAN & SEPA)

Step-by-step guide to adding a European bank beneficiary on Devdraft, so you can send payouts via SEPA using their IBAN and BIC.

Overview

Before you can send a payout to someone in Europe, you need to add them as a recipient and provide their IBAN and BIC. This guide walks through the full flow — from tapping + on the Recipients screen to submitting a completed European bank beneficiary.

European beneficiaries are paid via SEPA using their IBAN and BIC — there’s no separate payment rail to choose, unlike US Account beneficiaries.

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What You Need Before You Start

Have the following ready before you begin:

Info	Notes
Owner type	Whether the beneficiary is an Individual or a Business
Beneficiary name	Name exactly as it appears on the bank account
Bank name	e.g. Yes Bank
Country	The country where the recipient’s bank is located
Recipient relationship	Your relationship to this recipient (e.g. Employee, Independent contractor)
IBAN	The recipient’s International Bank Account Number
BIC	The recipient’s Bank Identifier Code
Billing address	Street address, city, postal code, and state/province on file with the bank

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Step 1 — Start Adding a Recipient

From the Recipients tab, tap the + icon in the top-left corner.

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Step 2 — Choose the Recipient Type

The Add Recipient popup opens with four destination types: International bank, Stablecoin wallet, Zambia bank, and Zambia mobile money.

Select International bank.

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Step 3 — Choose the Country / Account Type

A second Add Recipient screen lists the supported account types:

• US Account — ACH & Wire, routing + account number
• European (IBAN) — SEPA, IBAN + BIC
• Mexican (CLABE) — 18-digit CLABE account number
• Brazilian Account — PIX, PIX Safe & TED
• Argentine Account — Transfers 3.0 (CVU, CBU or alias)
• Colombian Account — ACH Colombia bank transfer
• International SWIFT — Cross-border wire via SWIFT/BIC

Select European (IBAN).

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Step 4 — Owner Details (1/2)

The Owner screen collects who the beneficiary is. Start by selecting Account Owner Type: Individual or Business. The fields below change depending on your selection.

Individual

Field	Required	Notes
Account Owner Type	Yes	Select Individual
Display name	Optional	Only visible to you — e.g. “Wise EUR account”
Beneficiary name	Yes	Name exactly as it appears on the bank account
Bank Name	Yes	e.g. Yes Bank
Country	Yes	The country where the recipient’s bank is located
Recipient Relationship	Yes	Your relationship to this recipient

Business

Field	Required	Notes
Account Owner Type	Yes	Select Business
Business Name	Yes	The registered business name
Beneficiary name	Yes	Name exactly as it appears on the bank account
Bank Name	Yes	e.g. Yes Bank
Country	Yes	The country where the recipient’s bank is located
Recipient Relationship	Yes	Your relationship to this recipient (e.g. Independent contractor)

Unlike the US Account flow, there’s no Account Category field here — instead you select the recipient’s Country, since a European (IBAN) beneficiary can be based in any SEPA country.

Once all required fields are filled in, tap Continue to proceed to Bank Details.

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Step 5 — Bank Details (2/2)

The final screen collects the recipient’s actual bank account and billing address:

Field	Required	Notes
Account Number	Yes	The recipient’s IBAN
BIC	Yes	The recipient’s Bank Identifier Code (SWIFT/BIC), e.g. DEUTDEFFXXX
Street Line 1	Yes	Billing street address
Street Line 2	Optional	Apartment, suite, or unit number
City	Yes	Billing city
Postal Code	Yes	Billing postal code
State/Province	Yes	Select from the state/province picker

Double-check the IBAN and BIC before submitting — an incorrect number is the most common reason a payout fails or is misdirected.

Once every field is complete, tap Add Bank Beneficiary to save the recipient.

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What Happens Next

Once saved, the beneficiary appears on the Recipients screen with a Bank label under their name, and is ready to receive a SEPA payout.

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