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Guidelines For Receiving Payments to Your GBP Virtual Foreign Account
Guidelines For Receiving Payments to Your GBP Virtual Foreign Account

The dos and don’ts of your GBP virtual foreign accounts.

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

​​Congratulations on setting up your brand-new Grey GBP virtual foreign account! Please note the following:

• Your virtual GBP account is addressable in Faster payments(FPS), Bacs and CHAPS.

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

• Receiving payments to your GBP virtual account has a 1% fee.

• Receiving payments into your virtual GBP 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 virtual GBP account.

• You CANNOT receive payments in other currencies to your GBP virtual account.

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

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

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