How do I receive GBP?

To receive unlimited GBP, you need to share your GBP account details with the sender, depending on where the payment is originating from.

If payment originates from within the UK

Share your GBP Account Sort Code and Account number with the sender. You will receive the money within 1-3 business days, but usually within few hours. You will receive the full amount. 

If payment originates outside the UK

Share your SWIFT account details with the sender. There is no limit on the amount you can receive. The time it will take for the money to reach you is dependent on the method you choose.

1. BACS credit takes upto 3 business days.
2. FPS takes a few minutes upto 2 hours.
3. If your CHAPS payments is of GBP 10,000 or more, settlement typically occurs within a couple of hours if initiated before 3 pm.

You will receive the full amount (minus the SWIFT receipt fee) if the person/company sending the SWIFT Transfer has chosen a SWIFT (OURS) transaction. You may receive a reduced amount if the sender has chosen SWIFT(SHA) when initiating the SWIFT transfer from their bank, as intermediary banks may deduct fees.

You can access this from the Overview dashboard → Great British Pounds

GBP

Once you click on the currency, you will see the page below. To send your details to your client, click on the copy account details button. 

Copy bank details gbp


Start receiving your GBP payments today. Open your Winvesta account today.