All Collections
Receiving Money
GBP Virtual Foreign Account
Guidelines For Receiving Payments to Your UK Bank Account
Guidelines For Receiving Payments to Your UK Bank Account

The dos and don'ts of your virtual UK bank accounts.

Grey Support avatar
Written by Grey Support
Updated over a week ago

​​Congratulations on setting up your brand-new UK bank account! Please note the following:

• Your UK bank account is addressable in Faster Payments (FPS), Bacs, and CHAPS.

• Your UK bank account can only receive payments from the United Kingdom and countries within the EEA region.

• Receiving payments to your UK bank account has a 1% fee.

• Receiving payments into your UK bank account can take up to Transaction date + 2 business days, It depends on the payment scheme used by the sending bank.

• Payments from countries outside EEA region are NOT supported.

• You CANNOT receive international SWIFT or Wire transfers to your UK bank account.

• You CANNOT receive payments in other currencies to your UK bank account.

NOTE: Sending any other currencies(e.g USD) to your UK bank account is not supported and is at your own risk.

We do not support receiving payments for CRYPTOCURRENCY, P2P, BETTING, and FOREX TRADING purposes.

Did this answer your question?