Docs

United Kingdom

Bank account

Service specification

TypeDescription
Direct to Bank methodDirect credit to bank account in Pound Sterling (GBP) and Euro (EUR).
Supported beneficiary account type – individual and business.
Supported Sender type - Individual and business.
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.
Area availabilityRelated countries offered under SEPA POUND
Validation / Verification· No system validation on account available.
· The account number is using IBAN account number
Amount receivedBeneficiary received net amount as specified by Sender.
Transaction LimitMaximum per Transaction GBP 999,999
Minimum per Transaction GBP 1.00
Compliance accumulated limit GBP 45,000.00 per day per Beneficiary

Transaction will be on hold for compliance review based on the supporting document should the sender or receiver has exceeded the compliance limit.
Maximum BeneficiaryNo restriction
Service ChargeTransaction Fee will be refunded on best effort basis once the Transaction is accepted by the gloRemit® Service System and submitted by the gloRemit® Service System to the Payout Channel.
Cancellation ProcessCancellation is on best effort basis.
Remarks1. Beneficiary address including Beneficiary City (bRegencyCode), and Beneficiary Postcode (bPostcode) are Mandatory Fields.

2. Sender address including Sender City (sCity), and Sender Postcode (sPostcode) are Mandatory Fields.
· Sender and Beneficiary DOB are Mandatory Fields

3. 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/

4. 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

5. When sending to United Kingdom (GBP), Beneficiary Postcode (bPostCode) must be valid, and consist of the correct outward codes and inward codes.

· Outward codes are:
- 2 - 4 characters long
- Always begins with a letter
- May end with a number or a letter
- Examples of outward codes include:
a) L1
b) W1A
c) RH1
d) RH10
e) SE1P

· Inward codes are:
- Exactly 3 characters long
- Always begins with a number
- Examples of inward codes include:
a) 0NY
b) 7GZ
c) 7HF
d) 8JQ

· Altogether, a complete UK Postcode should like the following:
a) L1 0NY
b) W1A 7GZ
c) RH1 7HF
d) RH10 7FH
e) SE1P 8JQ

· Please refer to the following link for further information regarding the correct postcode format, as well as a full list of valid UK outward and inward codes: https://ideal-postcodes.co.uk/guides/uk-postcode-format
Do_Transfer bAccType Value1

Supported bank

NoNameIssuer code
1SEPA UNITED KINGDOM PAYOUT (EUR)440001
2SEPA UNITED KINGDOM PAYOUT (GBP)440002
3SEPA GIBRALTAR PAYOUT (EUR)350001
4SEPA ISLE OF MAN PAYOUT (EUR)440003
5SEPA JERSEY PAYOUT (EUR)440004
6SEPA GUERNSEY PAYOUT (EUR)441181