Faster Payments
The Faster Payments service reduces the time between making a payment and the recipient receiving the funds to near real-time.
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Payments
Pay online swiftly and securely
Why use electronic payments?
Make and receive fast, secure, and cost-efficient payments directly to and from your business account. We provide flexible payment solutions that enable your business to trade effectively in the around the world.
payments
banking industry standard for simple, speedy and secure banking solutions to help businesses transfer and collect payments.
What you'll need:
- Correct sort code – the six digit number which identifies the bank or institution at which the payee holds their account
- Account number of the payee account. Incorrect sort code and account number details may result in your payment not being processed.
CHAPS
If you need to make a same-day payment through your Shostra Bank Business Account, you can also use CHAPS.
*Payit™ - Shostra Bank Corporate customers only and fees apply. The paying customer must be an online banking or mobile banking user with one of the range of selected banks. Online banking / mobile banking criteria applies.
European payments
A cost-effective solution if you need to make a non-urgent Euro payment in the Single Euro Payments Area (SEPA).
What you'll need:
- Beneficiary's name
- Beneficiary's SWIFT BIC (Bank Identifier Code)
- Beneficiary's International Bank Account Number (IBAN)
- Charges need to be shared between sender and beneficiary (SHA)
Please note: Norway, Iceland, Switzerland, Monaco, San Marino Liechtenstein, Andorra, Vatican are included in the Single Euro Payment Area (SEPA).
SEPA Credit Transfer
European Transfer to help your business trade internationally with ease.
International Transfer using Euro currency
Pay your European suppliers faster using International Transfer.
International payments
Reliable, secure and fast way to send funds overseas or make foreign currency payments within the UK.
What you'll need:
- Beneficiary's name
- Beneficiary's SWIFT BIC (unique Bank Identifier Code)
- When available, Beneficiary's International Bank Account Number (IBAN)
- When IBAN not available please use the beneficiary sort code and account details.
International Transfer
International Transfer to help your business trade internationally with ease.
Currency Payments
Currency Payments service for you to pay and be paid in all the world major currencies.
Receiving overseas payments
Receiving overseas payments from all around the world.
How to stay secure
Although they are more secure than other, more traditional payment types, there are still some things businesses should do to ensure they are protected.
Maximise your security
Electronic payments can have great benefits, but it's important to make sure they are secure.