Local Sokin Accounts
Sokin offers local accounts in major global currencies, enabling you to receive funds faster and more cost-effectively through local payment networks.
Below is a breakdown of the local accounts currently available:
| Currency | Registration Country | Account Holder Name | Payment Rails |
| GBP (British Pound) | United Kingdom and EEA countries only | Your legal name as registered on your Sokin account | Faster Payments, BACS, CHAPS |
| EUR (Euro) | EEA countries and the United Kingdom | Your legal name as registered on your Sokin account | SEPA (Single Euro Payments Area) |
| USD (US Dollar) | All Sokin supported countries | Plata Capital US Inc (Sokin legal entity name) | ACH, Fedwire |
| CAD (Canadian Dollar) | All Sokin supported countries (upon request) | Your legal name as registered on your Sokin account | EFT, Interac e-Transfer |
| AUD (Australian Dollar) | Australian-registered corporate entities only | Your legal name as registered on your Sokin account | NPP (New Payments Platform) |
GBP
Sokin provides local named GBP accounts, depending on your business registration location:
- If registered in the UK: You’ll receive a UK-based GBP account.
- If registered in the EEA: You’ll receive a Netherlands-based GBP account.
This enables you to receive GBP payments instantly using the following account details:
- Account Title
- Account Number
- Sort Code
- Bank Name
- Bank Address
- Faster Payments
- BACS
- CHAPS
EUR
Sokin provides local named EUR accounts, depending on your business registration location:
- If registered in the EEA: You’ll receive a Netherlands-based EUR account.
- If registered in the UK: You’ll receive a UK-based account.
This enables you to receive EUR payments seamlessly using the following account details:
- Account Title
- IBAN Account Number
- BIC Swift Code
- Bank Name
- Bank Address
Payments can be received via:
- SEPA Instant
- SEPA Credit
USD
At Sokin every customer receives a local USD account, held with a US banking partner. Allowing you to receive USD payments efficiently using the following account details:
- Account Title
- Account Number
- BIC SWIFT Code
- Routing Number
- Bank Name
- Bank Address
Payments can be received via:
- ACH
- Fedwire
CAD
Sokin provides local named CAD accounts, held with a Canadian banking partner. These accounts are available to all customers upon request, allowing you to receive Canadian Dollar payments through domestic banking rails, like a local business.
You’ll receive the following account details:
- Account Title
- Account Number
- Financial Institution ID
- Transit Number
- Email Address (for Interac e-Transfers)
Payments can be received via:
- EFT (Electronic Funds Transfer)
- Interact e-Transfer (with auto-deposit enabled for seamless payments)
AUD
Sokin provides local named AUD accounts through an Australian-based banking partner. This account is exclusive to Australian-registered corporate entities and enables fast domestic transfers through Australia’s New Payments Platform (NPP).
You’ll receive the following account details:
- Account Title
- Account Number
- BSB Code
- Bank Name
- Bank Address
Payments can be received via:
- NPP (New Payments Platform)
