🇬🇧 Pay Suppliers in United Kingdom
Pay UK suppliers for manufacturing, professional services, wholesale goods, and exports
T+0 (2.3s avg within Unicorn network). Save 84% vs traditional banks.
What you need to send money to United Kingdom
What details do I need to pay suppliers in United Kingdom?
To pay suppliers in United Kingdom you need the recipient's Sort Code + Account (6-digit sort code, 8-digit account number), plus account number and beneficiary name. Payments typically settle in 2.3 seconds and cost 0.5% FX spread + £5 per payment.
How fast are payments to United Kingdom?
Payments to United Kingdom settle in an average of 2.3 seconds when using local rails such as Faster Payments, compared to 2–3 days via traditional SWIFT.
How much does it cost to send money to United Kingdom?
Unicorn Currencies charges 0.5% FX spread and £5 per payment. You save about 84% versus banks (e.g. £405 vs £2525 on a £100k transaction).
Local GBP Payment Benefits
Already in GBP? Save on domestic transfer fees and processing time.
For cross-border payments to United Kingdom, check our corridor pages for rates from your source currency.
View All CorridorsLocal Payment Rails in United Kingdom
Avoid expensive SWIFT fees. We use local payment systems in United Kingdom for faster, cheaper settlement.
Faster Payments
UK instant payment system, 24/7 transfers up to £1M
CHAPS
Bank of England RTGS for high-value payments
BACS
Bulk payment system for regular supplier payments
Who Uses This Payment Corridor
Key Industries in United Kingdom
- Financial Services
- Manufacturing
- Pharmaceuticals
- Professional Services
- Retail Wholesale
Average Transaction: £40k-£180k
Typical Monthly Volume: £250k-£2.5M
Popular Supplier Types
- Manufacturing suppliers (Midlands, North West)
- Professional services firms (London, Edinburgh)
- Pharmaceutical suppliers (Cambridge, Oxford)
- Wholesale distributors (nationwide)
What You Need to Know: United Kingdom Payments
Regulatory Considerations
- FCA (Financial Conduct Authority) regulated payments
- HMRC tax reporting requirements
- VAT (20%) on goods and services
- Anti-money laundering (AML) compliance
Payment Tips for United Kingdom
- Faster Payments = instant, free for most transfers under £1M
- Use CHAPS for same-day urgent high-value payments
- BACS ideal for regular supplier payment runs
- London = major financial hub with excellent banking infrastructure
Why Choose Unicorn for United Kingdom Payments
Local Rails, Not SWIFT
We use Faster Payments and other local systems in United Kingdom. Avoid 3-4% SWIFT fees and 2-3 day delays.
84% Lower Costs
Save £2,120 on every £100,000 payment. On £250k-£2.5M monthly volume, save up to £63,600 annually.
Bank of Canada Supervised
Registered Payment Service Provider (PSP) and FINTRAC MSB. Full regulatory compliance for United Kingdom payments.
Real-Time FX Tracking
Upload supplier invoices in GBP. Track payment status in real-time. Instant confirmation when funds arrive.
Expanding to United Kingdom? We Can Help
Enterprise treasury solutions for businesses receiving payments in GBPand paying suppliers worldwide.
For businesses with high annual FX volume. Not consumer transfers.