Depending on whether you want to deposit money in your Payhawk account from a linked bank account over a top-up or from an external bank account over a bank transfer, and based on the currency of the transaction, you will need to use the payment schemes relative to your use case.
In rare cases, incoming bank transfers might take longer due to the technical specifics of partner infrastructures.
Currencies and payment schemes for top-ups
The following table shows the supported deposit methods and their settlement times when you top up funds from a bank account that is linked to Payhawk.
Deposit methods | Currencies | Settlement times |
SEPA Instant | EUR > EUR | Up to 10 seconds. |
SEPA Standard (as a fallback for SEPA Instant) | EUR > EUR | Up to two business days. |
SWIFT | EUR > EUR | Up to 5 business days. |
FPS | GBP > GBP | Within minutes. Up to 2 hours. |
BACS | GBP > GBP | Up to 3 business days. |
CHAPS | GBP > GBP | Up to 1 business day. |
ACH | USD > USD | Up to 3 business days. |
Currencies and payment schemes for incoming bank transfers
The following table shows the supported payment schemes and settlement times for depositing money in your Payhawk account over a bank transfer from a bank account that is external (not linked) to Payhawk.
Country or region | Deposit currency | Payment schemes for deposits | Settlement times by definition |
UK & Europe | GBP | FPS | Within minutes. Up to 2 hours. |
BACS | Up to 3 business days. | ||
CHAPS | Up to 1 business day. | ||
EUR | SEPA Instant | Up to 10 seconds. | |
SEPA Standard (as a fallback for SEPA Instant) | Up to 2 business days. | ||
SWIFT | Up to 5 business days. | ||
USD | SWIFT | Up to 5 business days. | |
RON, PLN, DKK | Local payment schemes | According to the local schemes' settlement policies. | |
SWIFT | Up to 5 business days. | ||
BGN | Local payment scheme | According to the local scheme's settlement policy. | |
UK & Europe | GBP | FPS | As stated above. |
EUR | SEPA Credit/Instant | As stated above. | |
US | USD | ACH pull | Up to 3 business days. |