You can send money to external bank accounts, such as paying your suppliers, reimbursing your employees, directly from your Payhawk EUR or GBP currency account.
Depending on the currency of your bank accounts and the country or region in which your company operates, the payments will be settled according to the following payment schemes:
Country or region | Payment currency | Payment schemes | Settlement times by definition |
UK & Europe | GBP | FPS | Within minutes. Up to 2 hours. |
GBP | CHAPS | Up to 1 business day. | |
EUR | SEPA Instant | Up to 10 seconds. | |
EUR | SEPA Standard (as a fallback for SEPA Instant) | Up to 2 business days. | |
Global | SWIFT | Up to 5 business days. | |
US | USD | ACH | Up to 3 business days. |