Payhawk administrators and other authorized people or roles at your organization can send funds and deposit money to their company Payhawk account by using global payment schemes.
Checking funds availability in your Payhawk account
You can quickly check whether the money in your Payhawk account is sufficient to cover the defined card limits for your employees.
Depositing funds in your Payhawk account
You can add funds to your company Payhawk account by using either of the following approaches:
Loading money to Payhawk by linking your bank account and topping up funds from that linked account.
Loading money to Payhawk by making a bank transfer.
Fund currencies and payment schemes for bank transfers
Depending on the currency of your bank accounts and the country or region in which your company operates, the deposits will be settled according to the following payment schemes:
Country or region | Type | Deposit currency | Payment schemes for deposits | Settlement times by definition |
UK & Europe | Debit | GBP
| FPS
| Almost immediately. Can take up to two hours. |
|
| EUR | SEPA Instant | Up to 10 seconds. |
|
| EUR | SEPA Standard (as a fallback for SEPA Instant) | Up to one business day. |
|
| Local (BGN, RON, DKK, PLN) | Local payment schemes for local currencies | According to local schemes settlement policies. |
UK | Credit | GBP EUR | FPS or SEPA Instant, respectively | As stated above. |
US | Credit | USD | ACH pull | A few hours to three business days. |
Fund currencies and payment schemes for linked accounts top-up
The following table shows the supported deposit methods and the times for their settlement in your Payhawk account when you top up funds from a linked bank account.
Funds deposit method | Deposit currencies and transfers | Time to settle |
SEPA Instant | EUR > EUR | Up to 10 seconds. |
SEPA Standard (as a fallback for SEPA Instant) | EUR > EUR | Up to one business day. |
FPS | GBP > GBP | Almost immediately. Can take up to two hours. |
ACH | USD > USD | From one up to three business days. |
Setting thresholds for your funds
To keep an eye on the balance of your company funds without having to log in to Payhawk daily and also to save time and effort, you can set a threshold for the funds. As a result, when your balance falls under the defined amount, Payhawk will automatically inform you by email.