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 <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
Côte d'Ivoire	Africa	XOF	Business, Individual	Tier 3			Local	T+1
Ghana	Africa	GHS	Business, Individual	Tier 3			GhIPSS	Real-time
Kenya	Africa	KES	Business, Individual	Tier 3			KIBBS	T+3
Nigeria	Africa	NGN	Business, Individual	Tier 3			NIBSS, NEFT	Real-time
South Africa	Africa	ZAR	Business, Individual	Tier 3			RTGS, EFT	T+1
Tanzania	Africa	TZS	Business, Individual	Tier 3			RTGS	T+2
Australia	APAC	AUD	Business, Individual	Tier 3			BECS	T+0 / T+1
Bangladesh	APAC	BDT	Individual	Tier 3			BEFTN	T+1
China	APAC	CNY	Business	Tier 3			CNAPS	T+3
Hong Kong	APAC	HKD	Business, Individual	Tier 3			HKICL (CHATS / ECG)	Real-time / T+1
India	APAC	INR	Business, Individual	Tier 3			NEFT, RTGS, IMPS	Real-time
Indonesia	APAC	IDR	Business, Individual	Tier 3			SKN, RTGS	Real-time / T+1
Japan	APAC	JPY	Business, Individual	Tier 3			Zengin	T+0
Malaysia	APAC	MYR	Business, Individual	Tier 3			IBG, RENTAS	Real-time / T+1
Nepal	APAC	NPR	Business, Individual	Tier 3			Local	Real-time / T+2
New Zealand	APAC	NZD	Business, Individual	Tier 3			Local	T+1
Pakistan	APAC	PKR	Individual	Tier 3			RAAST, IBFT	Real-time
Philippines	APAC	PHP	Business, Individual	Tier 3			InstaPay, PESONet	Real-time / T+1
Singapore	APAC	SGD	Business, Individual	Tier 3			FAST, MEPS	Real-time
South Korea	APAC	KRW	Business, Individual	Tier 3			Local	Real-time / T+1
Sri Lanka	APAC	LKR	Business, Individual	Tier 3			Local	T+0
Thailand	APAC	THB	Business, Individual	Tier 3			BAHTNET, PromptPay	Real-time / T+1
Turkey	APAC	TRY	Business, Individual	Tier 3			FAST, EFT	Real-time
Vietnam	APAC	VND	Business, Individual	Tier 3			IBPS	Real-time / T+3
Czech Republic	Europe	CZK	Business, Individual	Tier 1			CERTIS	T+0 / T+1
Denmark	Europe	DKK	Business, Individual	Tier 1			NemKonto, FI	T+0 / T+1
Eurozone	Europe	EUR	Business, Individual	Tier 1			SEPA	Real-time / T+1
Hungary	Europe	HUF	Business, Individual	Tier 1			GIRO	Real-time / T+1
Norway	Europe	NOK	Business, Individual	Tier 1			NICS	T+0 / T+1
Poland	Europe	PLN	Business, Individual	Tier 1			Elixir, Blue Cash	Real-time / T+1
Romania	Europe	RON	Business, Individual	Tier 1			RTGS	T+0 / T+1
Sweden	Europe	SEK	Business, Individual	Tier 1			Bankgirot	T+0 / T+1
UK	Europe	GBP	Business, Individual	Tier 1			BACS, CHAPS, Faster Payments	Real-time / T+1
Egypt	Middle East	EGP	Business, Individual	Tier 3			RTGS, IPN	T+0 / T+1
Israel	Middle East	ILS	Business, Individual	Tier 3			ZAHAV	T+0 / T+1
Jordan	Middle East	JOD	Business, Individual	Tier 3			ACH	T+1 / T+2
Qatar	Middle East	QAR	Business, Individual	Tier 3			QPS	T+1 / T+2
Saudi Arabia	Middle East	SAR	Business, Individual	Tier 3			Mada	T+0 / T+1
UAE	Middle East	AED	Business, Individual	Tier 3			UAEFTS	T+0 / T+1
Canada	North America	CAD	Business, Individual	Tier 1			EFT	T+1 / T+2
Costa Rica	North America	CRC	Business, Individual	Tier 2			SINPE	Real-time
Dominican Republic	North America	DOP	Business, Individual	Tier 2			ACH	Real-time
El Salvador	North America	USD	Business, Individual	Tier 2			Local
Guatemala	North America	GTQ	Business, Individual	Tier 2			ACH Guatemala	T+0 / T+1
Mexico	North America	MXN	Business, Individual	Tier 2			SPEI	Real-time / T+1
US	North America	USD	Business, Individual	Tier 1			ACH, Domestic wire, International wire	T+1 / T+2
Argentina	South America	ARS	Business, Individual	Tier 2			Transfers 3.0	T+1 / T+2
Bolivia	South America	BOB	Business, Individual	Tier 2			RTGS	T+0 / T+1
Brazil	South America	BRL	Business, Individual	Tier 2			TED, DOC, Pix	Real-time / T+0
Chile	South America	CLP	Business, Individual	Tier 2			TEF	T+0 / T+1
Colombia	South America	COP	Business, Individual	Tier 2			ACH Colombia	Real-time / T+1
Ecuador	South America	USD	Business, Individual	Tier 2			Local
Jamaica	South America	JMD	Business, Individual	Tier 2			Local	T+1 / T+2
Peru	South America	PEN	Business, Individual	Tier 2			CCE	T+0 / T+1