Payment schemes

EUR to EUR payment

  • SEPA instant: Payment between accounts in EUR and amount <=100.000€
  • SEPA: Payment between accounts in EUR and amount >100.000 €

GBP to GBP payment

  • UK Faster Payment: Payment between accounts in GBP and amount <=1.000.000 GPB
  • CHAPS: Payment between accounts in GBP and amount >1.000.000 GPB
  • BACS: Payments from GBP to GBP account in the UK with an amount < 250000.00£

FX

  • SWIFT

Interledger

Each BaaS has a different condition for the inter-ledger payment to be applied:

  • Railsr: both sender and beneficiary accounts belong to the same partner product.
  • Clearbank:
    • Both sender and beneficiary accounts are Clearbank GBP accounts.
      Both sender and beneficiary accounts are Clearbank MCCY accounts and have the same currency.
  • Modulr: both sender and beneficiary accounts belong to Modulr and have the same currency.
  • EML:
    • In general, both sender and beneficiary accounts belong to the same EML customer.
    • In the case of card-to-card payment, both sender and beneficiary accounts belong to the same cardholder.
  • Currencycloud: payments between sub-account (client account) and house account (customer account).

Payment schemes per BaaS

RailsrModulrClearbankEMLCurrencycloud
SEPA instant:white-check-mark::white-check-mark::no-entry-sign::no-entry-sign::white-check-mark:
SEPA:white-check-mark::white-check-mark::no-entry-sign::white-check-mark::white-check-mark:
UK Faster Payment:white-check-mark::white-check-mark::white-check-mark::no-entry-sign::white-check-mark:
CHAPS:white-check-mark::white-check-mark::white-check-mark::no-entry-sign::white-check-mark:
BACS:no-entry-sign::no-entry-sign::no-entry-sign::no-entry-sign::no-entry-sign:
SWIFT:white-check-mark::white-check-mark::no-entry-sign::white-check-mark:
Interledger:white-check-mark::white-check-mark::white-check-mark::white-check-mark::white-check-mark: