GBP local account overview
Updated over a week ago

Our GBP local accounts allow you to receive British Pound (GBP) to your Verto wallet from customers in the UK, using local payment schemes (Faster Payments, CHAPS and BACS). GBP local accounts have a unique account number and are issued in your business’s name, meaning you can give these details to customers (businesses and individuals) to pay you without having to use SWIFT.

The benefits of our local GBP accounts include:

  • Receiving payments instantly (under £1,000,000).

  • Unique UK bank account details, even if your business isn’t in the UK.

  • Ability to receive pounds to your Verto wallet from your customers (third-parties).

  • Little or no payment fees when receiving funds.

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