PAYMENTS
Domestic GBP payments for everyday business needs
Planned payment services for eligible UK hospitality businesses.
Receive payments
Receive Faster Payments
Receive supported domestic GBP payments into your account with no additional Digital Capital transaction charge. Actual availability and account limits apply.
Receive Bacs Direct Credits
Receive supported Bacs credits, including business receipts sent over that route. These are included at no additional Digital Capital transaction charge and follow the applicable Bacs timetable.
Receive CHAPS
Incoming CHAPS is included in the service scope but has a separate fee: £3.60 per successfully credited payment during the pilot and £18 at the standard tariff. The sender chooses the route. Check the expected settlement method with your payers and acquirer. Outgoing CHAPS is not offered.
Make payments
Send Faster Payments
Pay supported UK beneficiaries, such as suppliers and employees, from your available balance. There is no additional Digital Capital per-payment charge for this function. Faster Payments may be quick, but instant completion is not guaranteed.
Pay by Direct Debit
Pay recurring bills from your account after a valid mandate is established. This is an outgoing Direct Debit function, not a collection service for receiving Direct Debits from your own customers. Direct Debit payments have no additional Digital Capital transaction charge.
Check a payee's name
Confirmation of Payee supports checks between a payee name and account details. Always consider the payment's purpose and the source of the request; a match does not guarantee that a request is legitimate.
Move money between permitted linked accounts
Use permitted internal book transfers within the agreed account configuration. Transfers associated with optional savings also follow the savings account's separate terms and withdrawal arrangements.
Understand timing before you join
We disclose the applicable service days, cut-offs, maximum execution times and limits in good time before you agree to the service and before activation. The account terms explain what happens if a payment is refused, delayed, sent using incorrect details or disputed.
RELATED DOCUMENTS
Interested in the pilot?
Tell us about your business and expected payments. An enquiry does not open an account.