Instant bank transfer

Faster Payments: getting paid in British Pound after selling crypto

Faster Payments settles in pounds to UK accounts, around the clock, weekends included. The beneficiary is identified by a six-digit sort code and an eight-digit account number.

GBP
1 country
under 5 minutes
No rail fee
Open

The rail in numbers

All these values come from the catalogue published on this site, and are republished as soon as our own measurements contradict them.

Technical nature: Instant bank transferSettlement in individual messages: the receiving bank must answer within seconds. That is what makes the rail usable at night and on weekends.
Settlement currency: GBP — British PoundIf this is not your account currency, your bank applies its own conversion on arrival. That cost does not go through us and does not appear in our breakdown.
Settlement delay (p50 / p95): 2 min / 30 minThe median describes the common case, the p95 the slow one. We show both: a median alone hides exactly what worries you.
Operating window: Continuous, weekends and holidays includedNo cut-off: orders are processed continuously, nights and holidays included.
Min – max per operation: £20.00 – £1,000,000Bounds belonging to the rail. An amount above the cap is split into several payouts, which multiplies any fixed fee accordingly.
Rail fee: No rail feeIts own line in the breakdown, next to the network cost and our spread.
Coverage: 1 countryLocal rail: the country carries its own information (identifier, limits, reporting framework), so each country gets its own corridor page.
Data verified on: 2026-09-02Date of the last manual review of this rail’s delays, limits and fields. Data not reviewed for a long time is suspect data, ours included.

How this rail actually works

The rail works on individual messages, not batches: each payment is sent, validated and credited on its own. The residual delay comes from the beneficiary name check the receiving bank runs before crediting.

The name check compares what you type with the actual account holder. A shortened first name or a married name differing from the legal one triggers a warning, sometimes a rejection. Enter the name exactly as it appears on the account.

What makes the delay

This rail processes orders continuously: there is no business day and no cut-off. The gap between the median and the p95 of 30 min comes from the availability of the receiving institution or operator, not from a clearing window.

Details required from the beneficiary

Every field is validated as you type, with the same rule client-side and server-side. That is what prevents most rejected payouts.

Field	Type	Required	Validation rule	Why
Account holder name	Text	Yes	2 to 140 characters · edges trimmed	Must match the name verified on your ID exactly. A mismatch gets the transfer rejected.
Sort code	Text	Yes	exactly 6 digits · digits only kept	6 digits, no dashes.
Account number	Text	Yes	exactly 8 digits · digits only kept	8 digits.

The rules shown are the ones actually enforced: there is no “marketing” version of this table differing from the code.

Countries where this rail can pay you

Each country page ranks the rails available there by delay and adds the local reporting framework.

United KingdomGBP

The 18 assets you can sell to Faster Payments

The asset does not change how the rail works: it changes the confirmation time before the payout leaves, and the spread applied.

Keep going

The catalogue’s three entry points lead to the same place by different routes.

All payout methods The sell catalogue All countries All assets

Frequently asked questions about Faster Payments

How fast does Faster Payments credit my account?

under 5 minutes in half the cases, and up to 30 min in the slowest ones. This rail runs continuously, weekends and holidays included. These are market orders of magnitude, not a contractual commitment.

What are the minimum and maximum amounts on Faster Payments?

Between £20.00 and £1,000,000 per operation, in British Pound. These bounds belong to the rail itself. An amount above the cap is split into several payouts, which multiplies any fixed fee accordingly.

What does a Faster Payments payout cost?

No rail fee for the rail itself. That amount appears as its own line in the breakdown, next to the network cost taken from your deposit and our spread. The lines sum to exactly the gap between the mid-market value and what you receive.

What do I need to provide to receive on Faster Payments?

3 fields: Account holder name, Sort code, Account number. Every format is validated before the order is accepted, not at send time: a typo is flagged immediately, not three days later as a rejection.

Which assets can I sell to Faster Payments?

18 assets are offered on this rail. The asset does not change how the rail works: it changes the confirmation time before the payout leaves, and the spread applied depending on whether the asset is stable or volatile.