For the fastest, most cost-effective settlement for your payouts, we highly recommend utilizing Revolut Instant Transfer to eliminate possible intermediary fees. Alternatively, if Revolut Instant isn't available, you may opt for a traditional institutional bank wire directly to your personal account.
Option 1: Instant Transfer via Revolut (Recommended)
When both P1 Prop Markets and the trader operate within the Revolut ecosystem, payouts bypass traditional intermediary correspondent banks. P1 sends approved payouts within 3 business days, and once sent, a Revolut transfer settles instantly, with no transfer fee charged by P1 and no intermediary bank deductions.
Mandatory Preparation for Instant Revolut Payouts
To ensure your funds are routed instantly and without compliance delays, you must complete the following steps prior to requesting your payout:
Fully Verified Account: Download the Revolut App, create an account, and complete Revolut's full identity verification (KYC) process.
Generate Transaction History: Ensure your Revolut account has received at least one prior incoming transaction. A completely blank transaction history often triggers automated security holds on large initial deposits.
Activate Currency Balances: Open the relevant fiat currency balance inside your Revolut app so the account is ready to receive the specific funds.
Name Matching Requirement: the name on your verified Revolut account must match the full legal name registered on your P1 Prop Markets account and identity documents. P1 does not pay out to an account held by anyone other than the trader.
Submit Your Details: Enter your RevTag in the dashboard when you submit your payout request.
Important Notice for First-Time Receivers: If you have a newly opened Revolut account, your initial payout from P1 may be temporarily paused for review by Revolut's internal security and AML teams. This is a standard, automated regulatory procedure and not a system error. Once your first inbound transaction clears, future payouts will typically settle instantly.
Revolut Onboarding & Compliance Guide
If you are new to Revolut, follow this procedure to establish your account for P1 payouts.
Step-by-Step Registration
Download the official Revolut application from the iOS App Store or Google Play Store.
Select Sign Up and verify your mobile phone number.
Establish a secure passcode.
Input your legal personal details (Full Name, Date of Birth, Nationality, Registered Address).
Complete the mandatory Identity Verification (KYC) via the app.
Add your desired primary fiat currency balance.
Execute or receive a small initial transfer to establish your account history.
Generate your unique @username (RevTag) and enter it in your P1 dashboard when you request a payout.
Jurisdictional KYC Variations
Identity verification requirements are dictated by regional financial regulators and will vary depending on your country of residence.
In some jurisdictions, standard driver's licenses are readily accepted.
In other regions, Revolut may strictly require a National ID card, Passport, or specific local identity documents (e.g., biometric residence permits).
Always follow the exact verification flow presented within the Revolut app for your specific country.
Supported Jurisdictions
Revolut's availability is contingent on your legal country of residence. Before planning your payout route, please verify that your region is supported by checking Revolut's official geographic directory.
Separately, P1 does not open accounts for, or pay out to, residents of jurisdictions on the P1 restricted list or subject to applicable sanctions.
See the General Terms & Conditions
Option 2: Direct Bank Wire
If you prefer traditional banking infrastructure or reside outside of Revolut's supported jurisdictions, P1 Prop Markets can wire funds directly from our corporate bank account to your personal bank account.
Timeline & Processing Drawbacks
While reliable, traditional bank wires are subject to legacy banking infrastructure:
Processing Time: P1 sends approved payouts within 3 business days. After P1 sends, funds typically arrive within 1 to 3 business days, strictly depending on your receiving bank's processing capacity and geographical location. This timeline is entirely outside of P1's control.
Third-Party Fees: Correspondent banks, intermediary routing networks, or your receiving institution may deduct inbound wire fees or apply currency conversion spreads.
Compliance Holds: Traditional banks frequently place temporary holds on inbound international business wires to request additional source-of-wealth documentation.
Required Settlement Data
To execute a standard bank wire, you must provide our finance team with the following exact details:
Full Legal Name of Account Holder
Full Residential Address (Building/Apartment, Street, City/District, Region, Postal Code)
Bank Name
Bank Account Number (IBAN)
SWIFT / BIC Code
The receiving bank account must be in your own name. P1 does not send payouts to third parties.
Disclaimer: This documentation is provided for informational and navigational purposes only and does not constitute financial, legal, investment, or tax advice. Payout timelines and verification requirements are subject to change based on third-party vendor policies and regional regulatory updates. Traders remain solely responsible for understanding and adhering to their local tax and regulatory obligations regarding trading profits.