Adding your bank details enable you to transfer your Lydia balance to your bank account.
You can transfer your entire Lydia balance or just a part of it - whenever you want. Just tap the “transfer to my bank” button in the app.
To transfer your balance:
- If you have a Euro bank account: you need to add your IBAN in your account.
- If you have a GBP bank account: you need to add your account number and sort code in your account.
You only need to do this once, and then you won't have to enter your bank details for this account ever again.
NB: At the moment, Lydia only works with bank accounts from France or Monte Carlo, whose IBANs start with FR… or MC...