What are GBP account details?
These are your very own account details to receive British pounds (GBP). This isn’t a bank account, but the account number and sort code we give you work in the same way when receiving money.
Just share your account name, number and sort code to your friends, company or customers, and they can send you GBP from any UK bank account. And no one pays any fees.
Learn how to add money to your GBP account.
How to receive GBP
First, you’ll need to get GBP account details and then you can share your details to the person who wants to pay you.
They can pay using the Faster Payments System (FPS), Bacs or CHAPS. This can take up to 1 working day to arrive.
They can also send you GBP by Swift from countries outside of the UK. This can take 4–5 working days to arrive.
How to receive other currencies to your GBP account details
You can receive 17 different currencies to your GB Swift/global account details: GBP, EUR, USD, AUD, BGN, CAD, CHF, CZK, DKK, HKD, HUF, JPY, NOK, NZD, PLN, SEK, and SGD.
Deposits will be settled in the currency that we receive from the sender.
Keep in mind that some intermediary banks may charge your sender extra fees.
All you have to do is provide your GBP IBAN to the sender.
If we receive payments to GBP details in any other currency not listed here, they'll get rejected and get sent back to the sender.
How to set up Direct Debits with your GBP account details
You can share your details with a company, and give them the permission to take regular payments from your account.
You might use Direct Debits to pay for a monthly subscription like the gym, or to pay your phone or energy bill.