An international payment must be submitted, approved and have an exchange rate booked before the daily cut-off time for it to be processed. Cut-off times vary for each currency and if you submit a payment after the cut-off time, you’ll need to enter a future transaction date. If no future date is entered, the payment will be rejected.
The table below also shows the cut-off times for payments that are imported from your internal office system. Please note, that these timings are slightly earlier.
Each currency will have a different number of settlement days. This tells you how many days it will take for the beneficiary to receive the payment once it has been processed.
Please note:
This table refers to working days and assumes no bank or public holidays occur in the UK, the destination country or for the country of the domicile currency during the payment cycle. The country of the debit currency is also taken into consideration when applying value, e.g. if we debit a JPY account to credit USD but Japan is closed due to bank holiday then this value would not be given.
Code
|
Currency
|
Settlement (days)
|
Cut-off time
|
Cut-off time for imported payments
|
---|---|---|---|---|
AED
|
United Arab Emirates dirham
|
1
|
12:45pm
|
12:25pm
|
AUD
|
Australian dollar
|
1
|
15:45pm
|
15:25pm
|
BBD
|
Barbados dollar
|
2
|
16:30pm
|
16:10pm
|
BHD
|
Bahraini dinar
|
2
|
16:40pm
|
16:20pm
|
CAD
|
Canadian dollar
|
0
|
15:30pm
|
15:10pm
|
CNY
|
Chinese renminbi
|
2
|
16:30pm
|
16:10pm
|
CHF
|
Swiss franc
|
0
|
11:15am
|
10:55am
|
CZK
|
Czech koruna
|
1
|
16:30pm
|
16:10pm
|
DKK
|
Danish krone
|
0
|
11:15am
|
10:55am
|
EUR
|
Euro (urgent)
|
0
|
15:45pm
|
15:25pm
|
EUR
|
Euro (non-urgent)
|
1
|
15:45pm
|
15:25pm
|
GBP
|
Great British pounds
|
0
|
15:30pm
|
15:10pm
|
HKD
|
Hong Kong dollar
|
1
|
12:45pm
|
12:25pm
|
HUF
|
Hungarian forint
|
1
|
16:30pm
|
16:10pm
|
ILS
|
Israeli shekel
|
2
|
16:30pm
|
16:10pm
|
INR
|
Indian rupee
|
2
|
16:30pm
|
16:10pm
|
JOD
|
Jordanian dinar
|
2
|
16:30pm
|
16:10pm
|
JPY
|
Japanese yen
|
1
|
15:45pm
|
15:25pm
|
KES
|
Kenyan shilling
|
2
|
16:30pm
|
16:10pm
|
KWD
|
Kuwaiti dinar
|
2
|
16:30pm
|
16:10pm
|
MAD
|
Moroccan dirham
|
2
|
16:30pm
|
16:10pm
|
MUR
|
Mauritian rupee
|
2
|
16:30pm
|
16:10pm
|
MXN
|
Mexican peso
|
2
|
16:30pm
|
16:10pm
|
NOK
|
Norwegian krone
|
0
|
11:15am
|
10:55am
|
NZD
|
New Zealand dollar
|
1
|
15:45pm
|
15:25pm
|
OMR
|
Omani rial
|
2
|
16:30pm
|
16:10pm
|
PLN
|
Polish zloty
|
1
|
16:30pm
|
16:10pm
|
QAR
|
Qatari riyal
|
2
|
16:30pm
|
16:10pm
|
RON
|
Romanian leu
|
1
|
16:30pm
|
16:10pm
|
SAR
|
Saudi Arabian riyal
|
1
|
12:45pm
|
12:25pm
|
SEK
|
Swedish krone
|
0
|
11:15am
|
10:55am
|
SGD
|
Singapore dollar
|
1
|
12:45pm
|
12:25pm
|
THB
|
Thai baht
|
3
|
16:40pm
|
16:20pm
|
TND
|
Tunisian dinar
|
2
|
16:30pm
|
16:10pm
|
TRY
|
Turkish lira
|
1
|
16:30pm
|
16:10pm
|
TTD
|
Trinidad & Tobago dollar
|
2
|
16:30pm
|
16:10pm
|
TZS
|
Tanzanian shilling
|
2
|
16:30pm
|
16:10pm
|
USD
|
United States dollar
|
0
|
16:30pm
|
16:10pm
|
XCD
|
East Caribbean dollar
|
2
|
16:30pm
|
16:10pm
|
ZAR
|
South African rand
|
1
|
16:00pm
|
15:40pm
|
- Knowledge Base Articles
- How to make a deposit
- Where do I deposit funds?
- Have you received my funds?
- How to cancel a transaction
- How do I know if my exchange has been completed?
- Creating a new exchange instruction
- What is a scheduled exchange?
- How long does it take to get my currency?
- Is there a minimum or maximum amount that I can exchange?
- Why hasn’t my exchange happened yet?
- Withdrawal approval function
- Why was my withdrawal cancelled?
- Do you make payments to third parties?
- How to make a withdrawal
- Why hasn’t the beneficiary received the funds?
- I have received a notification that I should withdraw my remaining balance but I can’t click on ‘Withdraw Balance’
- How long does it take to register?
- How to register: Business Account
- Is it free to register?
- Why was my account rejected?
- What kind of documents should I submit for review with Compliance?
- When will my account be approved/rejected/reviewed?
- How to change your Name and Password
- How does it work?
- Freemarket & vIBANs
- How much do you charge?
- Unsupported jurisdictions
- How safe is my money?
- Risk appetite
- Customer complaints procedure
- Cut-off times and settlement for payments
- Withdrawal batch function