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PG – UK Sterling (GBP)

UK Sterling (GBP) Payment Guide

Overview

Payment TypeSWIFT (Priority)Local (Regular)
Cutoff time (UK Time)EU clients: 4.15 pmNo cutoff time – 24 hours a day processing.
UK clients: 5:00 pm
Delivery time frame0 days0 days
Maximum payment sizeNo limit£1,000,000
Payment SchemeCHAPS (GBP to the UK)
SWIFT (GBP to any other country)
Faster Payments Service (FPS)
Destination countriesAny (excluding sanctioned)United Kingdom, Gibraltar, Guernsey, Isle of Man, Jersey
TracesYesNo
RecallsYesNo
Ultimate payer displayed?YesYes

Required Details

Local (Regular) Payment

FieldIndividualCompanyPermitted DataNotes
Beneficiary Entity Type‘individual’ or ‘company’ only 
Beneficiary First Name1-255 characters* 
Beneficiary Last Name1-255 characters* 
Beneficiary Company Name1-255 characters* 
Account Number8 digitsWe validate that the account number provided is a valid one.  We do not currently perform checks against the account name.
Sort Code6 digits 
Payment Currency3 letter ISO currency code 
Payment AmountNumeric amount 
Payment Reference1-255 characters*The scheme only supports 18 alphanumeric characters. The reference field will be truncated to fit this limit.
Payment Reason1-255 characters* 
Payer Entity Type‘individual’ or ‘company’ only 
Payer First Name1-255 characters* 
Payer Last Name1-255 characters* 
Payer Company Name1-255 characters* 
Payer Address1-255 characters* 
Payer City1-255 characters* 
Payer Country2 letter ISO country code 
Payer Date of BirthISO 8601 format (YYYY-MM-DD). 

* Please note that non ASCII characters will be transformed to ASCII equivalent or removed on a best endeavours basis in order to comply with the restrictions of the domestic payment scheme.

SWIFT (Priority) Payment

FieldIndividualCompanyPermitted DataNotes
Beneficiary Entity Type‘individual’ or ‘company’ only 
Beneficiary First Name1-255 characters* 
Beneficiary Last Name1-255 characters* 
Beneficiary Company Name1-255 characters* 
Beneficiary Address1-255 characters* 
Beneficiary City1-255 characters* 
Beneficiary Postcode1-12 characters*Only required when sending payments to Canada, Mexico and the USA.
Beneficiary State or Province1-255 characters*Only required when sending payments to Canada, Mexico and the USA.
Beneficiary Country2 letter ISO country code 
IBAN15-34 alphanumeric characters; spaces permittedAccount number can be used when sending GBP payments to the United Kingdom, Guernsey, Isle of Man, and Jersey, and all non-IBAN countries. IBAN must be used when sending GBP to all other IBAN countries.
Account NumberVaries per destination countryAccount number can be used when sending GBP payments to the United Kingdom, Guernsey, Isle of Man, and Jersey, and all non-IBAN countries. IBAN must be used when sending GBP to all other IBAN countries.
CLABE18 digitsCLABE must be used instead of account number or IBAN when sending payments in any currency to Mexico. CLABE is the banking standard for the numbering of bank accounts in Mexico (equivalent to the Account Number in other jurisdictions).
BIC SWIFTValid ISO 9362 SWIFT BIC code; 8 or 11 alphanumeric charactersSort code can be used when sending GBP payments to the United Kingdom, Guernsey, Isle of Man, and Jersey. When sending GBP to any other countries, BIC SWIFT must be used.
Sort Code6 digitsSort code can be used when sending GBP payments to the United Kingdom, Guernsey, Isle of Man, and Jersey. When sending GBP to any other countries, BIC SWIFT must be used.
Payment Currency3 letter ISO currency code 
Payment AmountNumeric amount 
Payment Reference1-255 characters*The scheme only supports 140 alphanumeric characters. The reference field will be truncated to fit this limit.
Payment Reason1-255 characters*The scheme only supports 140 alphanumeric characters. The reference field will be truncated to fit this limit.
Payer Entity Type‘individual’ or ‘company’ only 
Payer First Name1-255 characters* 
Payer Last Name1-255 characters* 
Payer Company Name1-255 characters* 
Payer Address1-255 characters* 
Payer City1-255 characters* 
Payer Postcode1-12 characters*Only required when sending payments to Canada, Mexico and the USA.
Payer State or Province1-255 characters*Only required when sending payments to Canada, Mexico and the USA.
Payer Country2 letter ISO country code 
Payer Date of BirthISO 8601 format (YYYY-MM-DD). 
Payer Identification Type‘incorporation_number’ only 
Payer Identification Value1-255 characters* 

* Please note that non-supported characters will be transformed to EBCDIC equivalent or removed on a best endeavors basis in order to comply with the restrictions of the SWIFT payment network. The permitted characters on the SWIFT network are letters, numbers, spaces and the following symbols:
/ – ? : ( ) . , ‘ +

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