How long will it take for the beneficiary to receive my funds transfer? How long will it take for the beneficiary to receive my funds transfer?

How long will it take for the beneficiary to receive my funds transfer?

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