Payment rail · United Kingdom
Payment rail · United KingdomWhat is Faster Payments?
Faster Payments is the United Kingdom’s payment system, operated by Pay.UK, for near-instant bank transfers between UK accounts. Poplin pays out to the United Kingdom over Faster Payments, settling in real time.
Source: Pay.UK (opens in a new tab)
Updated · Reviewed by Joyce Chin, Chief Operating Officer & Compliance Officer
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A payout to the United Kingdom clears fastest over
Faster Payments
settles in real time · 0.5% + $1.00 on a business account
Also reaches GBP accounts over
Also reaches EUR accounts over
Also reaches USD accounts over
Set from your location — change it above.The recipient’s account details decide the rail — the fee is always shown before you send.
// at a glance
What the rail sets for a payout over Faster Payments — and what Poplin charges to send.
Settlement
Real time
clears in seconds
Reaches
1
country — United Kingdom
Paid out in
GBP
British pound
Business fee
0.5%
plus a $1.00 fixed fee
Clearing
Local
domestic clearing
Days are business days — a Saturday delays a same-day or next-day payout. These are ceilings, not typical times: within the window, how fast the money lands depends on the receiving bank.
// how it moves
How Faster Payments payouts move.
From your US-dollar balance to an account in the United Kingdom — four steps, seconds end to end.
You send from USD
Enter an amount in your Poplin US-dollar account and confirm the payout — the full fee shows before you send.
Converted at mid-market
Dollars become British pounds at the mid-market rate — no markup added.
Cleared over Faster Payments
Poplin clears the payout over Faster Payments, the UK’s real-time bank transfers.
Arrives in seconds
The money lands in the recipient’s account in the United Kingdom in seconds.
// coverage
Where Faster Payments reaches.
United Kingdom
The one country Poplin pays out to over Faster Payments, in British pounds.
Send to the United Kingdom →Sending somewhere else?
Each destination clears over its own set of rails. See the rail, speed, and fee for any destination — or the fee for every rail on one page.
// related rails
Other rails to the United Kingdom.
Faster Payments — FAQ
Basics
What is Faster Payments?
Faster Payments is the United Kingdom’s payment system, operated by Pay.UK, for near-instant bank transfers between UK accounts. Poplin pays out to the United Kingdom over Faster Payments, settling in real time.
Speed
How long do Faster Payments payouts take?
Over Faster Payments, Poplin payouts settle in real time. Payments leave your account in seconds; Faster Payments then clears the payout to the recipient’s bank.
Cost
How much does it cost to send money over Faster Payments with Poplin?
A percentage of the amount plus a $1.00 fixed fee — 0.5% on a business account and 1% on a personal account, shown in full before you send. Conversion, where the payout currency isn’t US dollars, is at the mid-market rate with no markup.
Coverage
Which countries does Poplin reach over Faster Payments?
Faster Payments is how Poplin pays out to the United Kingdom, in GBP. Poplin also reaches the United Kingdom over Bacs (GBP), CHAPS (GBP), SEPA (EUR), and SWIFT (USD) — which one a payout uses depends on the bank details your recipient has.
Send US dollars to the United Kingdom over Faster Payments.
Open a US-dollar account in minutes. No monthly fees.