Fiat Currency Support

Fern supports several fiat currencies via local payment rails. Fern is constantly adding support for onramps/offramps. This table is subject to change.\ Notes on settlement times:

“Real-time” usually means “settlement” within less than 1 business hour, NOT “instant”.
Settlement times are not guaranteed. There are many factors that may affect settlement times. Fern makes a best effort to settle transactions in the settlement times listed, but cannot guarantee settlement times.

Country	Region	Fiat currency	Supported customer types	Currency tier	Onramps	Offramps	Local payment rail	Settlement time	Required payment account details
Côte d’Ivoire	Africa	XOF	Business, Individual	Tier 3	No	No	Local	T+1	TBD
Ghana	Africa	GHS	Business, Individual	Tier 3	No	Yes	GhIPSS	Real-time	Account number
Kenya	Africa	KES	Business, Individual	Tier 3	No	Yes	KIBBS	T+3	Account number
Nigeria	Africa	NGN	Business, Individual	Tier 3	No	Yes	NIBSS, NEFT	Real-time	NUBAN code, Account number
South Africa	Africa	ZAR	Business, Individual	Tier 3	No	Yes	RTGS, EFT	T+1	Account number
Tanzania	Africa	TZS	Business, Individual	Tier 3	No	Yes	RTGS	T+2	Account number
Australia	APAC	AUD	Business, Individual	Tier 3	No	Yes	BECS	T+0 / T+1	BSB number, Account number
Bangladesh	APAC	BDT	Individual	Tier 3	No	Yes	BEFTN	T+1	Bank code, Account number
China	APAC	CNY	Business	Tier 3	No	Yes	CNAPS	T+3	CNAPS code, Account number
Hong Kong	APAC	HKD	Business, Individual	Tier 3	No	Yes	HKICL (CHATS / ECG)	Real-time / T+1	Clearing code, Account number
India	APAC	INR	Business, Individual	Tier 3	No	Yes	NEFT, RTGS, IMPS	Real-time	IFSC code, Account number
Indonesia	APAC	IDR	Business, Individual	Tier 3	Yes	Yes	SKN, RTGS	Real-time / T+1	Bank code, Account number
Japan	APAC	JPY	Business, Individual	Tier 3	No	Yes	Zengin	T+0	Account number
Malaysia	APAC	MYR	Business, Individual	Tier 3	No	Yes	IBG, RENTAS	Real-time / T+1	Account number
Nepal	APAC	NPR	Business, Individual	Tier 3	No	No	Local	Real-time / T+2	TBD
New Zealand	APAC	NZD	Business, Individual	Tier 3	No	No	Local	T+1	Bank code, Account number
Pakistan	APAC	PKR	Individual	Tier 3	No	Yes	RAAST, IBFT	Real-time	IBAN
Philippines	APAC	PHP	Business, Individual	Tier 3	Yes	Yes	InstaPay, PESONet	Real-time / T+1	Account number
Singapore	APAC	SGD	Business, Individual	Tier 3	No	Yes	FAST, MEPS	Real-time	Bank code, Account number
South Korea	APAC	KRW	Business, Individual	Tier 3	No	No	Local	Real-time / T+1	Account number
Sri Lanka	APAC	LKR	Business, Individual	Tier 3	No	No	Local	T+0	Bank code, Account number
Thailand	APAC	THB	Business, Individual	Tier 3	No	Yes	BAHTNET, PromptPay	Real-time / T+1	Bank code, Account number
Turkey	APAC	TRY	Business, Individual	Tier 3	No	Yes	FAST, EFT	Real-time	IBAN, Account number
Vietnam	APAC	VND	Business, Individual	Tier 3	No	Yes	IBPS	Real-time / T+3	Account number
Czech Republic	Europe	CZK	Business, Individual	Tier 1	No	Yes	CERTIS	T+0 / T+1	IBAN
Denmark	Europe	DKK	Business, Individual	Tier 1	No	Yes	NemKonto, FI	T+0 / T+1	IBAN
Eurozone	Europe	EUR	Business, Individual	Tier 1	Yes	Yes	SEPA	Real-time / T+1	IBAN
Hungary	Europe	HUF	Business, Individual	Tier 1	No	No	GIRO	Real-time / T+1	IBAN
Norway	Europe	NOK	Business, Individual	Tier 1	No	Yes	NICS	T+0 / T+1	IBAN
Poland	Europe	PLN	Business, Individual	Tier 1	No	Yes	Elixir, Blue Cash	Real-time / T+1	IBAN
Romania	Europe	RON	Business, Individual	Tier 1	No	Yes	RTGS	T+0 / T+1	IBAN
Sweden	Europe	SEK	Business, Individual	Tier 1	No	Yes	Bankgirot	T+0 / T+1	IBAN
UK	Europe	GBP	Business, Individual	Tier 1	No	Yes	BACS, CHAPS, Faster Payments	Real-time / T+1	Sort code, Account number
Egypt	Middle East	EGP	Business, Individual	Tier 3	No	Yes	RTGS, IPN	T+0 / T+1	Account number
Israel	Middle East	ILS	Business, Individual	Tier 3	No	Yes	ZAHAV	T+0 / T+1	IBAN
Jordan	Middle East	JOD	Business, Individual	Tier 3	No	No	ACH	T+1 / T+2	TBD
Qatar	Middle East	QAR	Business, Individual	Tier 3	No	No	QPS	T+1 / T+2	TBD
Saudi Arabia	Middle East	SAR	Business, Individual	Tier 3	No	Yes	Mada	T+0 / T+1	IBAN, Account number
UAE	Middle East	AED	Business, Individual	Tier 3	No	Yes	UAEFTS	T+0 / T+1	IBAN, Bank code
Canada	North America	CAD	Business, Individual	Tier 1	No	Yes	EFT	T+1 / T+2	Transit number, Account number
Costa Rica	North America	CRC	Business, Individual	Tier 2	No	Yes	SINPE	Real-time	IBAN, Bank code
Dominican Republic	North America	DOP	Business, Individual	Tier 2	No	Yes	ACH	Real-time	IBAN, Tax number
El Salvador	North America	USD	Business, Individual	Tier 2	No	Yes	Local	-	Account number
Guatemala	North America	GTQ	Business, Individual	Tier 2	No	No	ACH Guatemala	T+0 / T+1	Account number
Mexico	North America	MXN	Business, Individual	Tier 2	Yes	Yes	SPEI	Real-time / T+1	CLABE number
US	North America	USD	Business, Individual	Tier 1	Yes	Yes	ACH, Domestic wire, International wire	T+1 / T+2	Routing number, Account number
Argentina	South America	ARS	Business, Individual	Tier 2	Yes	Yes	Transfers 3.0	T+1 / T+2	Account number
Bolivia	South America	BOB	Business, Individual	Tier 2	No	Yes	RTGS	T+0 / T+1	Account number
Brazil	South America	BRL	Business, Individual	Tier 2	Yes	Yes	TED, DOC, Pix	Real-time / T+0	Pix code, Tax number (CPF for individuals and CNPJ for companies)
Chile	South America	CLP	Business, Individual	Tier 2	No	Yes	TEF	T+0 / T+1	Account number
Colombia	South America	COP	Business, Individual	Tier 2	No	Yes	ACH Colombia	Real-time / T+1	Account number, Tax number
Ecuador	South America	USD	Business, Individual	Tier 2	No	Yes	Local	-	Account number
Jamaica	South America	JMD	Business, Individual	Tier 2	No	No	Local	T+1 / T+2	Account number
Peru	South America	PEN	Business, Individual	Tier 2	No	Yes	CCE	T+0 / T+1	Account number

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