Payset can process many payment transfers instantly while other transfers may take from 1-3 business days.
Once your transfer has been initiated, the processing time depends on the date of transfer, currency, destination country, and the payment network used.
Transfer Times by Payment Network
- SWIFT payments can take between 1-5 business days
- SEPA payments can take between 1-2 business days
- FasterPayments can take up to a few hours
- CHAPS payments can take up to one business day
- ACH payments can take between 1-3 business days
- BACS payments can take between 3-5 business days
- TARGET 2 payments can take between 1-3 business days
Reasons for Transfer Delays and What to Do
Please be aware that due to regulatory requirements, Payset may contact you to request supporting documents for certain transactions, which could lead to delays.
Additional delays may occur because of national or banking holidays, or if the account information provided is inaccurate.
If your transfer has not arrived within the expected timeframe, please check your email for any messages from our team.
If you have not received any communication, please contact us here or via the Help page in your account dashboard for further assistance.
Cut-Off Times by Currency for International (Swift) and Local Payments
Below you'll find the cut-off times to initiate transfers in order to ensure the recipient receives the payment within the allotted timeframe.
All times are in the UK (GMT) timezone. Payset begins operations at 7 AM (GMT) Monday-Friday.
Currency | Swift | Swift cut-off time (GMT) | Local | Local cut-off time |
Australian Dollar (AUD) | 1 day | 2:00 pm | 1 day | 1:30 pm |
Bahrain Dinar (BHD) | 1 day | 2:00 pm | N/A | N/A |
Canadian Dollar (CAD) | 1 day | 4:45 pm | 1 day | 4:00 pm |
Chinese Yuan (CNH) | 1 day | 9:00 am | N/A | N/A |
Czech Koruna (CZK) | 1 day | 9:00 am | 1 day | 9:00 am |
Danish Krone (DKK) | 1 day | 10:30 am | 1 day | 8:50 am |
Euro (EUR) | 1 day | 2:30 pm | 1 day | 2:00 pm (SEPA credit transfer) |
Hong Kong Dollar (HKD) | 1 day | 2:00 pm | 1 day | 2:00 pm |
Hungarian Forint (HUF) | 1 day | 9:00 am | 1 day | 9:00 am |
Indian Rupee (INR) | N/A | N/A | 1 day | 4:30 pm |
Indonesian Rupiah (IDR) | N/A | N/A | 1 day | 4:30 pm |
Israeli Shekel (ILS) | 1 day | 2:00 pm | N/A | N/A |
Japanese Yen (JPY) | 1 day | 2:00 pm | N/A | N/A |
Kenyan Shilling (KES) | 1 day | 2:00 pm | N/A | N/A |
Kuwait Dinar (KWD) | 1 day | 2:00 pm | N/A | N/A |
Malaysian Ringgit (MYR) | N/A | N/A | 1 day | 4:30 pm |
Mexican Peso (MXN) | 1 day | 9:00 am | N/A | N/A |
New Zealand Dollar (NZD) | 1 day | 2:00 pm | N/A | N/A |
Norwegian Krone (NOK) | 1 day | 10:30 am | 1 day | 10:30 am |
Omani Rial (OMR) | 1 day | 2:00 pm | N/A | N/A |
Philippine Peso (PHP) | N/A | N/A | 0 day | 4:30 pm |
Polish Zloty (PLN) | 1 day | 9:30 am | 1 day | 9:30 am |
Qatar Rial (QAR) | 1 day | 2:00 pm | N/A | N/A |
Romanian Leu (RON) | 1 day | 9:00 am | 1 day | 9:00 am |
Saudi Riyal (SAR) | 1 day | 2:00 pm | N/A | N/A |
Singapore Dollar (SGD) | 1 day | 2:00 pm | 1 day | 24-hour weekday availability |
South African Rand (ZAR) | 1 day | 10:30 am | N/A | N/A |
Swedish Krona (SEK) | 1 day | 10:30 am | 1 day | 10:30 am |
Swiss franc (CHF) | 1 day | 10:30 am | N/A | N/A |
Thai Baht (THB) | 1 day | 9:00 am | N/A | N/A |
Turkish Lira (TRY) | 1 day | 9:30 am | 1 day | 9:30 am |
Ugandan Shilling (UGX) | 1 day | 9:00 am | N/A | N/A |
UK Sterling (GBP) | 1 day | 5:00 pm | 1 day | 24-hour availability |
United Arab Emirates Dirham (AED) | 1 day | 2:00 pm | N/A | N/A |
US Dollar (USD) | 1 day | 4:30 pm | 1 day | 8:45 pm |
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