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Supported deposit currencies and payment schemes
Supported deposit currencies and payment schemes

Check the supported currencies and payment schemes you can use for top-ups from linked bank accounts or for bank transfers.

Updated over a month ago

Depending on whether you want to feed your Payhawk account from a linked bank account (top-up) or over a bank transfer, and based on the currency of the funding, you will need to use the payment schemes relative to your use case.

In rare cases, incoming and outgoing transfers might take longer due to the technical specifics of partner infrastructures.

Fund currencies and payment schemes for top-ups

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

Within minutes.

Up to 2 hours.

BACS

GBP > GBP

Up to 3 business days.

ACH

USD > USD

Up to 3 business days.

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

Within minutes. Up to 2 hours.

GBP

BACS

Up to 3 business days.

EUR

SEPA Instant

Up to 10 seconds.

EUR

SEPA Standard

(as a fallback for SEPA Instant)

Up to 1 business day.

USD

SWIFT

Up to 5 business days.

BGN

Local payment scheme

According to the local scheme's settlement policy.

RON, PLN & DKK

Local payment schemes & SWIFT

According to the local schemes' settlement policies, and up to 5 business days respectively.

UK

Credit

GBP & EUR

FPS or SEPA Credit/Instant, respectively

As stated above.

US

Credit

USD

ACH pull

Up to 3 business days.

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