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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 UK bank accounts.

Mojisola Aimasiko avatar
Written by Mojisola Aimasiko
Updated over 3 months 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 the Transaction date + 2 business days, depending on the payment scheme used by the sending bank.

• Payments from countries outside the 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.

  • Sending 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.

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