If you make a payment instruction using the BVNK Platform or via an OTC Channel, BVNK (including the relevant BVNK Service Partner) will process the payment instruction on the same working day in accordance with the below cut-off times. However, if the payment instruction is submitted outside of the below cut-off times, we will process it on the next working day.
Here are the cut-off times per type of payment and BVNK Service Partner:
| Type of Payment | Cut-off time | BVNK Service Partner |
|---|---|---|
|
Faster Payment GBP payment with a value of up to £1 million |
07:00 to 14:00 Greenwich Mean Time (GMT) on working days. |
|
|
CHAPS GBP payment with a value over £1 million |
07:00 to 14:00 Greenwich Mean Time (GMT) on working days. |
|
|
SEPA Credit Transfer & SEPA INSTANT Pan-European Euro payment |
07:00 to 14:00 Greenwich Mean Time (GMT) on working days. |
|
|
SWIFT International payment via the Society for Worldwide Interbank Financial Telecommunications |
07:00 to 14:00 Greenwich Mean Time (GMT) on working days for T+1 payment by 13:00 GMT |
|
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For more information, check How is BVNK licensed and regulated?