Local wire transfer in GBP (UK)

Local wire transfer in British pound sterling (GBP/£) is a transfer of funds between banks within Great Britain and Northern Ireland, in the national currency. This method is valued for its reliability, convenience and speed, as it provides a direct transfer from one bank account to another within the country.

Supported currencies

Please note that if the currency of your balance in Smartcat is not GBP, the funds will be converted to GBP at the Smartcat exchange rate on the day of payment. Learn more about the platform rate in the article "Conversion of Balance Currency to Payment Currency".



You can view a list of companies that are reimbursing your commission in the My Payouts section (click Learn more on your payout method).

Minimum and maximum payout amounts

From £3 to £250,000

Smartcat allows setting the minimum amount, starting from which the payment will be sent to you. You can learn more in the article "Minimum payout amount."

Required details





Beneficiary type

Individual or company beneficiary

Beneficiary first name

Beneficiary name

Beneficiary last name

Beneficiary last name

Birth date

Beneficiary first date

Beneficiary company name

Beneficiary company legal name

Recipient country

Country of fiscal residence

Recipient city of residence

City of current fiscal residence

Recipient address

Address of current residence

Beneficiary postal code

Beneficiary fiscal residence post code

Account number

Beneficiary bank account number

Sort code

Six-digit beneficiary bank code (no spaces or other symbols)


8-11 digit code identifying the country, city, bank and bank branch


The beneficiary international bank account number, up to 34 characters long (including numbers and letters)


  • Cheaper than international transfer. There is no intermediary bank, and the commission is lower than for an international wire transfer.
  • Speed. Payouts are processed up to three business days on the Smartcat side and up to one or two business days on the bank side.
  • Funds are received immediately in the local currency. You do not spend money on additional conversions and can immediately use the money in your country.

Frequently Asked Questions

Q: I chose this method, but the payment was rejected. Why?
A: Act as follows:

  • Make sure you provide payment details for local ACH bank transfer (not international SWIFT transfer).
  • Make sure that the post code, city, street and house number are specified in the corresponding detail fields.
  • Make sure that you do not enter a PO box or email address instead of your residential address. Check if your account number, routing number, and account type are correct.
  • Verify the accuracy of the banking details provided (sort code, SWIFT, IBAN, etc.).
  • Make sure that the name of the account holder is entered in the details section exactly as it is in the bank details, including all spaces and symbols.

Q: I cannot find the payment. What does the payment look like on the bank statement?
A: The purpose of the payment indicates the payment ID in the format PO-XXXXXX-XXXXX, which you can find in the Payout History section.
SMARTCAT PLATFORM INC. or THE CURRENCY CLOUD LIMITED appears as the sender, depending on the beneficiary bank.

Q: For which countries is this method available?
A: The method is available exclusively for receiving funds to a bank account in Great Britain and Northern Ireland.

Q: I received a payment. What details should be used for billing?
A: When receiving funds by local bank transfer in GBP, you need to enter the following Smartcat details in your invoice:
Company name: Smartcat Platform Inc.
Full name: Smartcat Europe B.V.
Legal address: Rouboslaan 36 B, 2252 TR, Voorschoten, the Netherlands
VAT no.: NL859832880B01

If you have any questions, please email us at support@smartcat.com, we'll be happy to help.

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