GBP
£
British Pound
Official currency of United Kingdom
ISO Country Code
GB
Decimal Places
2 / 4
Subunit
penny
Payment Methods Available
Payment Options
Available payment methods and requirements
Choose the right payment method for your needs
Priority Payment
Fast processing with priority serviceM | SWIFT |
|---|---|
Cut-off Time (UK) | 16:30 |
D | Same Day |
M | No limit |
D | Any |
Trace | Available |
Recall | Available |
Ultimate Payer Displayed | Available |
Required Fields
Field requirements for this payment methodRecipient Name
Recipient Address
Recipient City
Recipient Bank Code
BIC/SWIFT
Account Number
IBAN
Standard Payment
Standard payment processingM | Faster Payments Service (FPS) |
|---|---|
Cut-off Time (UK) | N/A |
D | Same Day |
M | £1,000,000 |
D | United Kingdom, Gibraltar, Guernsey, Isle of Man, Jersey |
Trace | Not Available |
Recall | Not Available |
Ultimate Payer Displayed | Available |
Required Fields
Field requirements for this payment methodRecipient Name
Recipient Address
Recipient City
Recipient Bank Code
BIC/SWIFT
Account Number
IBAN
Currency Holidays
Currency settlements pause on public or bank holidays.
Currency Holiday Calendar
Official non-business days for this currency- Aug
25
2025Summer Bank Holiday
In 1 dayMonday, August 25, 2025
- Dec
25
2025Christmas Day
In 123 daysThursday, December 25, 2025
- Dec
26
2025Boxing Day
In 124 daysFriday, December 26, 2025
Account Format
Standards for account numbers and IBAN
Account Format & Structure
Standardised format for financial accounts with this currencyFormat Standards
| Format Type | Structure Pattern |
|---|---|
BBAN Basic Bank Account Number | SSSS NNNN NNNN NNNN NN |
IBAN International Bank Account Number | GBKK BBBB SSSS SSCC CCCC CC Format Key LegendB:BIC bank code K:IBAN check digits S:Bank and branch code (sort code) C:Account number |
Example Accounts
| Account Type | Example Format |
|---|---|
S Sort Code | 123456 |
A Account Number | 12345678 |
B BBAN | 12345612345678 |
I IBAN | GBKKBBBBSSSSSSCCCCCCCC |
Always double-check account formats before initiating payments to ensure successful transactions.
Additional Notes
Important information and special considerations
Special Considerations
Important notes and requirements for GBP paymentsPlease review these important notes before processing payments in GBP
1
UK Faster Payments have a limit of £1,000,000 per transaction.2
Payments to UK Government agencies may require a reference number.3
Direct debits and standing orders are only available for domestic payments.4
We do not currently support local GBP payments where the payer or beneficiary are based in the UAE.5
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.6
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: / – ? : ( ) . , ‘ +
For more information about payment requirements for GBP, contact your account manager or refer to the latest regulations.
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