Bank Payouts / Payout formatting / United Kingdom

United Kingdom

Last updated: 14th July 2022

Basic information

If you want the recipient to be paid instantly, we recommend including “preferred_network”: “instant” in your request. If the recipient’s bank does not accept SEPA Instant, or the destination amount is above 100,000.00 EUR, we will automatically send the payout as EUR International Wire. Please note that if the preferred network is specified and the recipient bank does NOT support SEPA Instant, the payout will be rejected.

Country code	GB
Supported currency	GBP, EUR
Scheme	Minimum amount (local currency): 0.01 Maximum amount (local currency): 250,000 Cut-off time: 15:40 GMT Settlement: T+0 same day Minimum amount (local currency): 0.01 Maximum amount (local currency): no maximum Cut-off time: N/A Settlement: T+0 same day Minimum amount (local currency): 0.01 Maximum amount (local currency): no maximum Cut-off time: 11:30 GMT Settlement: T+1 next day

Payment information

Beneficiary information

Beneficiary type	The type of account holder. Set this to `individual`.	`account_holder.type` required enum
Beneficiary name	The account holder's first and last name.	`account_holder.first_name` required string
Beneficiary name	The account holder's first and last name.	`account_holder.last_name` required string
Beneficiary address	The account holder's address.	`account_holder.billing_address.address_line1` OPTIONAL string
		`account_holder.billing_address.address_line2` OPTIONAL string
		`account_holder.billing_address.city` OPTIONAL string
		`account_holder.billing_address.zip` OPTIONAL string
		`account_holder.billing_address.country` required enum, 2 characters This must be a two-letter ISO code.

Bank details

Account Number	The account holder's Account Number.	`account_number` required string, ^[0-9]{8,8}$
Sort Code	The account holder's Sort Code.	`bank_code` required string, ^[0-9]{6,6}$

Beneficiary information

Beneficiary type	The type of account holder. Set this to `corporate`.	`account_holder.type` required enum
Beneficiary name	The account holder's company name.	`account_holder.company_name` required string
Beneficiary address	The account holder's address.	`account_holder.billing_address.address_line1` required string
		`account_holder.billing_address.address_line2` OPTIONAL string
		`account_holder.billing_address.city` required string
		`account_holder.billing_address.zip` OPTIONAL string
		`account_holder.billing_address.country` required enum, 2 characters This must be a two-letter ISO code.

Bank details

Account Number	The account holder's Account Number.	`account_number` required string, ^[0-9]{8,8}$
Sort Code	The account holder's Sort Code.	`bank_code` required string, ^[0-9]{6,6}$

Example

{
  "type": "bank_account",
  "account_number": "12345678",
  "bank_code": "050389",
  "currency": "GBP",
  "country": "GB",
  "account_holder": {
    "first_name": "John",
    "last_name": "Smith",
    "address_line1": "99 Windsor Road",
    "address_city": "London",
    "country_code": "GB",
    "billing_address": {
      "address_line1": "99 Windsor Road",
      "country": "GB",
      "city": "London",
      "zip": "N83 5QL"
    }
  }
}