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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.
Nobody sets up payouts on day one. You open the profile, send the proposal, and leave the billing screens for later, which is when there is a rush and less room to fix anything.
The Peruvian part of that setup carries one decision worth taking slowly, because it sets every payout that follows.
What to have ready beforehand
| What | Why beforehand | Where to find it |
|---|---|---|
| The profile holder's name | It gets compared with the account when the payment goes out | On your DNI or foreigner ID card |
| The destination CCI | Fixing it with a payment already moving does not stop it | In the account detail, not on the app's home screen |
| The receiving account | Its currency sets every payout that follows | Between your soles and dollar accounts |
Which of your CCIs goes in the form
Your bank gives you a number to identify the account inside its own house; the CCI, twenty digits, identifies you to the rest of the system. If the form asks for twenty digits and you have fourteen at hand, you are looking at the wrong field.
One account, one CCI
Holding a soles account and a dollar one at the same institution is normal, and each carries its own. On screen they look very alike, so copying the one for the right product avoids a conversion you did not ask for. The breakdown is in the CCI and the account the form asks for.
The name, from day one
When the payment goes out, the beneficiary name is compared with the account holder. The differences that stall things are small: a missing 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 meanwhile is covered in why an account goes under review.
Two ways to end up in soles
| Route | Who decides when it converts | What to look at |
|---|---|---|
| The conversion happens before arrival and soles 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 Peruvian account. The corridor is in Peru and the pair in EUR/PEN.
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 account receives them, and when you convert to soles 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 Peruvian 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 copied the twenty-digit CCI, not the short number on the home screen.
- That CCI belongs to the account in the currency you want to receive.
- 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
Do I enter the CCI or the number I see in the app?
The CCI. The number on the app's home screen identifies the account inside your own bank and works for internal movements; the twenty-digit CCI identifies you to any other institution. It usually sits in the account detail or on the certificate the bank issues.
I have a soles and a dollar account. Which do I save?
The one that accepts the currency you expect to receive, and bear in mind that choice sets every following payout until you change it. Each account has its own CCI and on screen they look very alike, so it pays to copy the one for the right product.
Can I start working and set up payouts later?
You can, but it is the worst moment. If the destination is wrong when the payment is released, the money travels, bounces, and comes back, and that route is counted in business days. Settling it beforehand takes ten minutes.
Can I use a relative's account?
It is not a practical alternative. The destination has to be in the profile holder's name, with their ID document, and a third party's destination usually ends up held or returned. At BNKA we apply the same rule.
Keep reading
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.
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Payroll lands the same every month; the currency call doesn't
A recurring payment lets you stop improvising. In Peru that includes a decision that repeats: which account it lands in, the soles one or the dollar…
Read more →Start today
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