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GBP Transfers

Here you'll find everything you need to know about sending to and from British Pounds.


 - Skip to sending to GBP
 - Skip to sending from GBP
 - Skip to GBP refunds

 

Payments to GBP



Basic Information   Notes
TransferWise Fee See pricing page You can also see how we work out our fees.
Delivery time* Same working day *After payout. Please keep in mind that TransferWise can take up to two working days to convert your money after receiving it. Please also note that payments sent out after 5pm UK time may not arrive until the following working day, depending on the receiving bank. We are part of the faster payments network and therefore will not send out CHAPS payments. 

If you’re sending money to GBP and pay with debit or credit card or your TransferWise borderless account, we'll often be able to deliver your transfer in seconds.
Maximum amount
(per transfer)
£1,000,000  
Countries we can send to UK only* *Including Channel Islands, the Isle of Man, and Gibraltar. (providing account IBAN begins with GB. If your Gibraltar IBAN begins with GI, please use sort code and account number instead). 
Additional Receiving Banking Fees None  
Required Details    
Recipient Full Name Yes When sending to individuals, please include first name and surname.
Recipient Account Number OR IBAN Yes Account number 8 numbers long, a UK IBAN should be 22 characters long (letters and numbers) and begin with GB
Recipient sort code OR SWIFT/BIC code Yes Sort code is 6 numbers, SWIFT/BIC code is 8-11 characters (letters and numbers)
Features    
Amount Lock Transfers Yes All of our transfers to GBP have a guaranteed rate of at least 24 hours. Please see the relevant FAQ for the currency you are sending from for more details. 
Guaranteed Rate Yes All of our transfers to GBP have a guaranteed rate of at least 24 hours. Please see the relevant FAQ for the currency you are sending from for more details.Learn more here.
Reference Yes up to 16 characters

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Payments from GBP



Please note: We cannot receive deposits from third party payment providers. Examples include: Monese, Payoneer, Stripe and Paypal.
 
Basic Information   Notes
TransferWise fee See pricing page You can also see how we work out our fees, and a more specific explanation of our GBP fees.
Time for deposit to reach TransferWise Usually in seconds, sometimes up to 2 hours Deposits from GBP are received 24/7. We are part of the faster payments network, so there is no need to send CHAPS payments.
Types of transfers Low cost transfer
Fast and easy transfer
Advanced transfer
We offer three types of transfers: low cost, fast and easy, and Advanced. Because they all have different benefits, they cost different amounts, too.

Check the pricing calculator to understand the fees for your transfer. 
Additional sending fees No Providing the funds are sent from a standard (not offshore) UK GBP account
Features    
Guaranteed rate Yes If you’re making a transfer you’ll get a guaranteed rate of at least 24 hours. If your money doesn't reach us within the specified time, your rate is no longer guaranteed. The rate for your transfer will be the mid-market rate at the time your funds reach us. During the rate guarantee period, we may suspend/refund your transfer in the unlikely event of rate fluctuation of 5% or more. 

Please see our guaranteed exchange rate page for more information.  
Amount Lock Transfers Yes The currency you're sending to must also be able to receive fixed amounts, although almost all can. Please see our other currency FAQs for more information
Debit/Credit Card Payments Yes The limit per payment for GBP card payments is 10,000 GBP.
  

 

GBP Refunds

Bank Transfer


In most cases, GBP bank transfer payments can be automatically refunded upon your request as long as we have your money and your transfer has not yet been completed.

The refund must be sent back to the account it came from. In case we do require your refund details, we will ask for the name on your account, your account number and your sort code. Your money will then be sent back to you and should arrive on the same working day.

Debit/Credit Card

Card payment refunds are an automatic process (but not instant). Once you cancel a transfer, your money will be sent back to the card you paid from. It can take up to 10 working days for it to reflect back on your card.


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