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. |