Ten minutes before your first proposal save you a week
The first payout is best configured while there is no rush. What to settle, and which of your two CCIs goes in the form.
Read more →Living between two countries
The worst time to set up payments is the day you get paid
Your first proposal gets accepted and your profile is half filled in. What to settle beforehand, because afterwards the corrections arrive too late.
Your first proposal is accepted on a Wednesday. The excitement is short-lived, because right behind it comes the list of half-finished things: the profile, the invoicing details, the payout method. And since payday is still far off, that list gets postponed.
The problem shows up weeks later, when the money is released and the destination is not saved correctly. By then, any correction arrives too late.
What to settle before your first proposal
| What | Why beforehand | How long it takes |
|---|---|---|
| The profile holder's name | It gets compared with the destination account when the payment goes out | A minute, with your ID in front of you |
| The withdrawal destination | Fixing it with a payment already moving does not stop it | Five minutes, with the CBU or CVU at hand |
| The currency you want to receive | It sets whether someone converts for you, and when | A decision, not an errand |
The Argentine destination, without guessing
An account is identified three ways and all three get pasted into the same field. A CBU belongs to a financial institution, a CVU to a wallet, and both are twenty-two digits that never change.
The alias is convenient and worth a second look
An alias is a label pointing to a CBU or a CVU, and the holder can edit it. For a detail that will sit saved on a platform for months, that is the practical difference. The full breakdown is in the twenty-two digits of an Argentine destination.
The name, from day one
When the payment goes out, the beneficiary name is compared with the destination account holder. The differences that stall things are small: a missing second surname, an accent, an abbreviated name. Writing it exactly as on your ID from the start avoids a wait that cannot be shortened later. What happens on the other side meanwhile is covered in why an account goes under review.
Two ways to end up in pesos
| Route | Who decides when it converts | What to look at |
|---|---|---|
| The conversion happens before arrival and pesos land in your account | The day the payment crosses that leg | The amount credited at the end, more than the advertised rate |
| The payment arrives in euros to a euro destination in your name and you convert when you choose | You | That the destination accepts euros and the name matches |
At BNKA that step is the swap inside the app and, after it, the withdrawal to your CBU or CVU. The corridor is in Argentina and the pair in EUR/ARS.
Worth stating plainly: BNKA is a technology platform. Financial services are provided by regulated partner institutions, and the terms in force for any given operation live in the app and in the terms and conditions.
What you decide and what you don't
- You decide when you set up payouts, which destination you save, and when you convert to pesos if the balance is in euros.
- You don't decide which withdrawal methods the platform enables for your country, the business days of the international rails, or the rate of an intermediate leg.
- We can't tell you this one: the tax treatment of income from abroad depends on the Argentine rules in force and on your situation. That gets resolved with your accountant and the official source in front of you.
First payout checklist
- The profile name matches your ID document character for character.
- You know whether you saved a CBU or a CVU and which currency that account is held in.
- If you used an alias, you confirmed which account it points to today.
- You checked in your dashboard which withdrawal methods are available to you.
- You know which currency the project pays in and which one will land.
If you are starting out as a freelancer from abroad, the full picture is in the Latino freelancer getting paid in euros, and if you still have nowhere to receive euros, in getting paid in euros without a European bank account.
This is not financial, legal, tax, or investment advice.
Questions on this topic
Can I start working and set up payments later?
You can, and almost everyone does. The problem is that any correction arrives late: if the destination is wrong when the payment is released, the money travels, bounces, and comes back, and that round trip is counted in days. Doing it beforehand takes ten minutes.
Do I enter a CBU, a CVU or an alias?
Whichever the withdrawal method available to you accepts, and that is something to check in your own dashboard. A CBU belongs to an account at a financial institution and a CVU to a wallet; both are twenty-two digits and neither changes. You choose the alias yourself and it can be edited, so it brings more surprises over time.
My username is not my real name. Does that matter?
The username does not, but the profile holder's name does. The payment is made to a person, and that person has to be the same one on the destination account, under their tax ID. A nickname on a public profile is not a problem; a different holder is.
Can I get paid into a relative's account while I open mine?
It is not a practical alternative. The destination has to be in the profile holder's name, and a third party's destination usually ends up held or returned. At BNKA we apply the same rule to withdrawals.
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