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    Cash Management Payment Services

    Payment Services

    Pay your staff and suppliers easily and on time, with our broad range of simple, reliable and secure payment options.
     

    CHAPS

     
    CHAPS is the GBP real-time gross settlement system (RTGS) operated by the Bank of England.
    More details
    • Perfect for one-off, large GBP payments, to fund mergers and acquisitions (M&A) activity or to settle FX transactions
    • Real-time settlement and same-day value - great for time sensitive transactions
    • Transactions are irrevocable
    • No upper limit on transaction value
     

    Faster Payments

     
    Faster Payments is a simple payment system between UK bank accounts that is cheaper than CHAPS and faster than Bacs.
    More details
    • Simplest way to send GBP payments to another UK bank account
    • Recipients typically receive funds within two hours
    • Maximum limit of £250,000 per payment at SVB
    • Ideal for single or recurring GBP payments within the UK
    • A speedy and lower-cost alternative to CHAPS
     

    Bacs

     
    Bacs is the UK payment method used for non-urgent, usually high volume and low-value GBP payments such as payroll or expenses.
    More details
    • The most cost-effective way to process UK payments
    • Used for Direct Credits and Direct Debits
    • Efficient way of handling a large number of low value transactions
    • File-based processing, bulk payment capability
    • Three business days clearing cycle
    • Submit payments via SVB online platforms or process through a Bacs approved bureau scheme of your choice
    Learn more
     

    SEPA Credit Transfer

     
    SEPA Credit Transfer (Single Euro Payments Area) is the pan-European payment method used for non-urgent, usually high-volume and low-value EUR payments – similar to Bacs in the UK.
    More details
    • The most cost-effective, secure way to process EUR payments
    • Efficiently handle bulk payment files in EUR
    • Process single EUR payments
    • One to two business days clearing cycle
     

    International Payments

     
    Also known as Cross-border, SWIFT or wire transfers.

    International Payments are ideal for making single, urgent payments to suppliers around the world, via our network of correspondent banks.
    More details
    • Send money all over the world, in all major currencies
    • Real-time settlement, same-day value
    • Payments are irrevocable
    • No upper limit on transaction value
    • Available in same-currency or with an FX conversion

    Talk to our team of experts

     

    If you are already an SVB client, call us on 0800 023 1441 or +44 207 367 7881 from overseas or email ukproductqueries@svb.com otherwise please click below.

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    With over 35 years of experience, SVB UK has products, services and deep expertise that can help support your business as you strive to reach the next stage of growth.
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