We provide the following payment methods:
SEPA stands for the Single Euro Payments Area. It is the new format for cross-border euro (EUR) bank transfers.
SEPA aims to make cross-border EUR transfers within this area equivalent to a domestic transfer within your own country.
SEPA is made up of the Eurozone and countries within the EU.
SEPA Instant is a new bank transfer technology that allows for euro transactions to be processed in seconds, regardless of the weeks’ time and day. Unlike most payment methods, the speed is independent of account provider’s underlying payment clearing and settlement arrangements.
The maximum transaction limit set by the SEPA Instant is £250,000.
The Society for Worldwide Interbank Financial Telecommunication - shortened to SWIFT - is a network that allows banks to communicate financial information securely.
SWIFT payments are offered by most banks for international money transfers, and involve a series of banks which work together to make sure your money ends up in the right place.
Your SWIFT payment can end up being moved between 1 - 3 correspondent, or intermediary banks, before reaching your recipient. SWIFT payments are the most common choice for making international payments - but they’re not necessarily the cheapest or fastest option out there.
The Clearing House Automated Payment System - CHAPS - has been in operation since 1984.
CHAPS payments are used for retail and wholesale, high value payments within the UK.
CHAPS payments are usually worth over £10,000, and can be settled immediately, making them perfect for large, and critical transfers which must be received right away.
Faster Payments are available for bank-to-bank transfers within the UK, and are typically one of the quicker ways to move money between bank accounts. In most cases, Faster Payments transfer is processed in a matter of seconds.
The maximum transaction limit set by the Faster Payments operator is £1,000,000.