You can send money to external bank accounts from within Payhawk, such as paying your suppliers, reimbursing your employees, and more.
Depending on the currency of your bank accounts and the country or region in which your company operates, the payments will be settled according to the following payment schemes:
Country or region | Type | Payment currency | Payment schemes | Settlement times by definition |
UK & Europe | Debit & credit | GBP | FPS
| Within minutes. Up to 2 hours. |
| Debit & credit | GPB | BACS | Up to 3 business days. |
| Debit & credit | EUR | SEPA Instant | Up to 10 seconds. |
| Debit & credit | EUR | SEPA Standard (as a fallback for SEPA Instant) | Up to 1 business day. |
| Debit & credit | BGN | Local payment scheme | According to the local scheme's settlement policy. |
US | Credit | USD | ACH | Up to 3 business days. |