United Kingdom

Bank account

Type	Description
Area availability	Related countries offered under SEPA POUND
Service type	B2C / B2B
Currency	GBP, EUR
Transaction Turnaround Time	- Real-time: 24x7 (within 15 minutes). - If the transactions hit under partner screening, it might take maximum 48 hours to completed. (Business hours) - If the transaction reaches a compliance check on a non-business day, it will be processed on the next working day. - All transactions are processed via Faster Payments (FPS), if beneficiary banks do not support FPS, it will be rejected.
Transaction limit	GBP Payout Minimum limit per transaction: GBP 1.00 Maximum limit per transaction: GBP 999,999.00 Compliance daily limit per beneficiary: GBP 45,000.00* EUR Payout Minimum limit per transaction: EUR 1.00 Maximum limit per transaction: EUR 999,999.00 Compliance daily limit per beneficiary: EUR 45,000.00* *The transaction will be held for review if the sender or receiver exceeds the compliance limit.
Amount received	Beneficiary received net amount as specified by Sender.
Maximum number of beneficiaries	No limit
Validation	· No account validation · The account number is using IBAN account number · When inserting the IBAN account number, please ensure that the sort code is compatible with Faster Payments Service (FPS) · The sort code in the IBAN account number can be found in the middle, of the entire account number. It is the 6 digits right after the Bank Code. Please refer to the example below, and take note of the bolded text: GB15HBUK40127612345678 · You can check if your sort code is valid by visiting the following website: https://newseventsinsights.wearepay.uk/sort-code-checker
Amount received	Beneficiary received net amount as specified by Sender.
Transaction limit	GBP Payout Minimum limit per transaction: GBP 1.00 Maximum limit per transaction: GBP 999,999.00 Compliance daily limit per beneficiary: GBP 45,000.00* EUR Payout Minimum limit per transaction: EUR 1.00 Maximum limit per transaction: EUR 999,999.00 Compliance daily limit per beneficiary: EUR 45,000.00* *The transaction will be held for review if the sender or receiver exceeds the compliance limit.
Service charge	The transaction fee will be refunded on a best-effort basis after the transaction is accepted by gloRemit and forwarded to the payout channel.
Cancellation process	Cancellation is on best effort basis.
Remarks	· Beneficiary address including Beneficiary City (bRegencyCode), and Beneficiary Postcode (bPostcode) are Mandatory Fields. . Sender address including Sender City (sCity), and Sender Postcode (sPostcode) are Mandatory Fields. · Sender and Beneficiary DOB are Mandatory Fields · List of United Kingdom supported bank can be refer via the link: https://www.wearepay.uk/what-we-do/payment-systems/faster-payment-system/payment-system-participant-list/ There are list of industries that might lead the transaction screening: · Pharmacies selling copy products without proper authority approval, incl. e-pharmacies · Pornography industry (dating pages is as such acceptable) · Tobacco industry · Cannabis or other drugs in any form · Weapons in any forms, including dual-use goods. · Atomic power · Extractive industries · Precious metals and stones · Companies selling counterfeit or infringed products · Companies selling, storing or trading in Crypto currencies · Binary Option Traders · Pyramid schemes in any form · Unregulated charities · File sharing companies · Shell banks
Do_Transfer bAccType Value	1

Supported bank

No	Name	Issuer code
1	SEPA UNITED KINGDOM PAYOUT (EUR)	440001
2	SEPA UNITED KINGDOM PAYOUT (GBP)	440002
3	SEPA GIBRALTAR PAYOUT (EUR)	350001
4	SEPA ISLE OF MAN PAYOUT (EUR)	440003
5	SEPA JERSEY PAYOUT (EUR)	440004
6	SEPA GUERNSEY PAYOUT (EUR)	441181