How can I deposit GBP with FPS?
Summary
This article explains how to deposit GBP into your Bitvavo account using Bank Transfer (Faster Payments).
Introduction
Bank Transfer (Faster Payments) is a payment method available for users with a UK bank account. It allows you to deposit GBP into your Bitvavo account almost instantly. Faster Payments deposits have no service fee and a maximum limit of £10,000 per transaction. You can make multiple deposits if you need to transfer a larger amount.
Step-by-step instructions
- Open the Bitvavo app.
- Tap 'Transfer', then tap 'Deposit'.
- Enter the amount you want to deposit and tap 'Preview'.
- Tap the payment method field and select 'Bank Transfer (Faster Payments)'.
- Note the sort code, account number, and unique reference code shown on your screen.
- Open your bank's app and complete the payment using these details.
FAQ
How long does a Faster Payments deposit take?
Faster Payments deposits are usually instant, but can take up to 2 hours to arrive in your Bitvavo account.
What is the maximum amount I can deposit with Faster Payments?
The maximum amount per transaction is £10,000. If you need to deposit more, you can make multiple Faster Payments transactions.
What if Faster Payments is not available in my account?
If Faster Payments is not shown as a payment option, it may not be supported for your bank. You can choose another supported payment method in the deposit section of your Bitvavo account.
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