You can send money to external bank accounts, such as paying your suppliers, reimbursing your employees, directly from your Payhawk EUR, GBP, CHF, or DKK currency account. From your PLN currency account, you can make reimbursements only.
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 | Payment currency | Payment schemes | Settlement times by definition |
UK & Europe | GBP | FPS | Within minutes. Up to 2 hours. |
EUR | SEPA Instant | Up to 10 seconds. | |
EUR | SEPA Standard (as a fallback for SEPA Instant) | Up to 2 business days. | |
CHF and DKK; PLN (reimbursements only) | Local payment schemes | According to the local schemes' settlement policies. | |
Global | SWIFT | Up to 5 business days. | |
US | USD | ACH | Up to 3 business days. |
Paying Swiss QR-bills
Payhawk supports CHF payments to Swiss QR-IBANs with a structured QR reference. This means you can pay QR-bills, the standard invoice format in Switzerland, directly from your Payhawk CHF currency account over the local payment scheme, without paying to an alternative IBAN or using SWIFT.