Instant Bank Transfer is a secure, quick and easy way to make a bank transfer without having to access your online banking. It uses the Open Banking technology.

Instant Bank Transfer limits and fees*

*Instant Bank Transfer payments are currently available in GBP only in the UK and EUR only in Ireland.

**The amount you can deposit varies per bank. Please note that certain banks might impose lower transaction and overall daily limits.

Processing time

For users in the UK:

• Instant Bank Transfer deposits are processed and credited to your account instantly.
• Instant Bank Transfer withdrawals should be received within 12 hours and normally much faster.

For users in Ireland:

• Instant Bank Transfer deposits are processed and credited to your account instantly.

• Instant Bank Transfer withdrawals made to Revolut users should be received within 12 hours and normally much faster. Withdrawals to other banks can take up to 24 hours but these are still often much faster.

• Please be aware that after your first Instant Bank transfer deposit with a new bank account, you will not be able to withdraw to this method for a period of up to 24 hours. This applies to all banks except for Revolut, in which case the method will be available for withdrawals immediately after the deposit is processed. 

Fees

• Instant Bank deposits will not incur a fee.
• Instant Bank withdrawals will not incur a fee