What should I do if my fiat deposit or withdrawal is not completed?

To find out how to deposit fiat to your Bitpanda wallet, have a look at our article on how to deposit to your fiat wallet.

However, if you have already tried to deposit fiat in your account and you suspect something went wrong, or want to confirm the status of your transaction, please continue reading.

Transaction status

What is the status of your deposit or withdrawal? You will find its status in your History.

• Pending
• Pending (Processing)
• Waiting for payment
• Finished
• Cancelled
• Refund
• Manual approval
• Troubleshooting

Pending

If you initiate a fiat deposit or withdrawal, it will start with the status Pending.

This indicates that your fiat transaction request was received. At this point it may be necessary that you confirm the transaction by clicking the confirmation link in the confirmation email you received from us.

Pending (Processing)

The Pending (Processing) status indicates that the processing of your fiat transaction has started.

This status is shown once you have confirmed your deposit or withdrawal with the confirmation email we sent you. The duration of how long you will see this status depends on the chosen payment provider. For example, withdrawals via bank transfer only get sent once a day on business days.

Note: Please keep in mind that Saturdays, Sundays and public holidays do not count as working days for banks. Furthermore, Austrian public holidays may differ from holidays in other countries. 

Please note that this status may be visible for up to 72 hours in case we need to check the transaction manually. This may occur as a result of bigger transactions, transactions of recently-added assets, when adding new features or when performing other individual checks.

If you have not heard from us within 72 hours and the status of the transaction has not changed, please contact us. Unfortunately, there is nothing we can do to speed up the process even if you contact us about it.

Waiting for payment

The Waiting for payment status will appear on fiat deposits for the following reasons:

• You did not complete the fiat deposit procedure correctly. If the option Finish deposit is still available, please properly complete the deposit. If the option is no longer available, the transaction status of the fiat deposit will have automatically changed to Cancelled. If this is the case, you have to initiate a new deposit
• If you have completed the fiat deposit correctly, then please have some patience. We are waiting for confirmation from your chosen payment provider

Note: Even if we want to help there is nothing we can do to speed up the process due to the fact that we are waiting for your chosen payment provider to proceed with your fiat transaction.

Finished

Your transaction was completed successfully. Note that at this point, no status is shown on the individual transaction in the transaction overview.

However,  you can confirm that the transaction was finished by clicking on the individual transaction entry in your History or directly in the respective fiat wallet, and checking the date and time of when it was finished.

Cancelled

The Cancelled status will appear for the following reasons:

• You have cancelled the transaction
• You did not complete the fiat transaction procedure correctly
• You did not complete the fiat transaction procedure in time
• Your transaction was refunded
• Your credit card was declined
• A technical error on the payment provider side led to the cancellation of your deposit
• The status of the respective fiat wallet or service was not “Operational” at the time of your transaction attempt

Should you have been charged despite a cancelled fiat deposit or withdrawal, then please send us a photo of your bank statement where we can see the details of the transfer along with the transfer data as a PDF export and additionally as text in the email. Including the data as text will significantly speed-up the processing time of your request.

Refund

Your fiat transaction has been refunded from where you attempted to make the transaction. In this case you will see two entries:

1. The cancelled fiat transaction with the status Cancelled
2. An entry that says Refund, showing the used fiat currency as well as the refunded amount

The length of time for how long it takes until the refund reaches you will depend on the chosen payment provider. 

Tip: Both entries, Cancelled and Refund, have individual PIDs. If you have not received the refund yet, please reach out to your payment provider.

Note: Bank transfers can take up to three business days. Please keep in mind that Saturdays, Sundays and public holidays do not count as working days for banks. Furthermore, Austrian public holidays may differ from holidays in other countries. Additionally, not all banks process transfers around the clock, therefore transfer delays may occur depending on the bank in question.

Manual approval

Find out what you can do when your fiat deposit or withdrawal is on “Manual approval”.

Troubleshooting

Tip: If you ever experience issues with depositing on Bitpanda due to maintenance or downtime, you can also deposit your funds on Bitpanda Pro instead and then make an internal transfer to Bitpanda.

• Not receiving the confirmation email
  Find out what you can do if you did not receive emails
• Not receiving the SMS-PIN
  If you seem to be having issues with receiving an SMS-PIN in order to deposit to your fiat wallet, please read this article. For bank transfer, no SMS-PIN is required
• Wrong IBAN or Payment reference
  If you have quoted an incorrect IBAN, or you have forgotten to include, or used the wrong Payment reference, please have a look at this article for further information
• Wrong registered name
  When you made your fiat deposit by bank transfer, you confirmed that the payment provider account used is in your name. If the name you registered with Bitpanda is different to the one in your bank account then your fiat transaction is on “Manual approval”
• Wrong recipient name
  If you have entered the wrong recipient name in your fiat deposit by bank transfer, it depends on your bank on how they go forward:
  
  • If you have entered the correct IBAN, your transaction might get assigned correctly. In this case, the bank may make a so-called soft decline and verify the recipient’s name on its own and will then process the transaction without any further action required from you
  • Some banks may check back with you to verify if the transfer data you provided is correct
  • Some banks may ask you to redo the transaction, this time using the correct recipient name

If you have entered the wrong registered name or recipient name in your fiat withdrawal from Bitpanda and your Bitpanda wallet shows the status Finished, please contact your bank to confirm that you have received the transaction. Once three business days have passed and after you have verified with your bank that you have not received the fiat transaction, please contact us.

Note: Bank transfers can take up to three business days. Please keep in mind that Saturdays, Sundays and public holidays do not count as working days for banks. Furthermore, Austrian public holidays may differ from holidays in other countries. Additionally, not all banks process transfers around the clock, therefore transfer delays may occur depending on the bank in question.