General

Is it mandatory to send Coracle a transfer receipt after the transfer is made?

It is not mandatory to send a transfer receipt after the transfer is made, however , if the funds are not received in 3-5 working days for an international transfer and 2 working days for a SEPA tran…

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Can I transfer the funds from a company or an organization?

No, you should not transfer funds from a company or organization account. The only exception to this is if you receive an educational loan from any bank. In this case, the funds can be transferred by…

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I received less money than what I had originally transferred. Why could that be?

The reason behind receiving a lesser amount than the transferred amount might be due to the transaction charges incurred by the bank and it also might be due to the Beneficiary code during the transf…

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My reference text is too long, what do I do?

If there are limitations on the characters to be entered in the reference text, please only enter your application number.

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Can I transfer additional funds into my blocked account?

Yes, you can transfer up to 2000 Euros in excess and the excess funds will be returned to you in the first payout.

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How do I transfer funds to my blocked account?

You can transfer your funds using a local bank or an online payment service, or Forex services.

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Can someone else transfer funds for me?

Yes, someone else can transfer funds for you, however, please note that you will need to upload that person's documentation and details to your account in your online portal. Please note: Only relati…

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Can I transfer funds to the blocked account through an educational loan?

Yes, you can transfer the funds from an educational loan but please note that the sender's name must be your name.

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Can I transfer funds through using service providers?

Yes, you can transfer money to your blocked account using service providers. In some countries we have local partners, who will support step-by-step to transfer money hassle free.

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What are the transaction charges for an International transfer?

Coracle does not charge any transfer fees. The transaction charges depend only on your sender bank. For more information on transaction charges, please contact your sender bank.

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How can I receive the routing number to transfer my funds?

Please contact your sender bank to get the details regarding your routing number for your transfer.

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Can I transfer funds through a credit card?

Yes, if your sender bank allows transferring through credit cards, you may do so.

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I am the owner of two separate bank accounts and would like to send money from both of them, what do I do?

You may send funds from two bank accounts. If both of these accounts are in your name, you may send the transfers as normal in two separate installments. If you need further support in this matter, p…

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Can I provide my blocked account details to pay my rent or university fees?

No, this is not possible. You will receive your monthly payout from Coracle in the current account of your choice. That is the account you should use to pay rent or any other living costs.

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Can you provide the details of the intermediary bank?

We do not provide details on the intermediary bank. For this information, please contact your sender bank.

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Can I send multiple transfers?

Yes, you can transfer your funds in a maximum of 3 transactions. Please note, if any transaction is coming from a bank other than your own, you will have to upload the third-party sender’s details. S…

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Do you accept cash? Can I come to your office and deposit money with you?

No, we do not accept funds in physical cash. Please use one of the other methods of transfer mentioned above. These include, local banks, an online payment service, or Forex services. If you have add…

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I transferred an excess amount to my blocked account, why is it not being shown in the portal?

As the blocked amount is the embassy requirement, the portal will only display the needed blocked amount. Any excess funds transferred are not shown in the portal. If you need further assistance on t…

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