If you're making a transfer in GBP to a beneficiary in the UK using one of our Company Business accounts, there's a value cap per transfer, as well as daily and weekly limits:
If you have instead a Freelancer Business account those limits are:
If you go over any of these limits, your domestic GBP transfers will be processed as SWIFT (international) transfers. If you’ve already exceeded your free allowance for SWIFT transfers, you’ll be charged the £3 international fee.
Please note, SWIFT transfers can take up to three working days to arrive at the beneficiary’s account.
These limits are applicable to outbound domestic GBP transfers only.
As for SEPA Instant Credit Transfer, you're limited to 100k EUR per payment. If you go over this limit, or if the beneficiary's bank doesn't support this kind of payment scheme, your transfer will be processed as a normal SEPA Credit Transfer one.
If you make any transfer in INR (only possible to India), IDR (to bank’s domiciled in Indonesia) and MYR to Malaysia, there’s a limit of 5k GBP per day. As for domestic transfers to the Philippines made in PHP, the limit is set at 1k GBP/ daily. In addition to the standard information, regarding domestic INR transfers you’ll also need to ask the beneficiary for:
Transfers made in MYR to Malaysian banks will also need you to input the Payment Purpose Code from our dropdown list (please confirm this in advance with the beneficiary).
As for the PHP transfers to the Philippines, you’ll need to provide us with a Payer identification type (your ID document, ex: drivers license, passport, Visa, national ID) and your Payer identification value (the number matching the document for the Payer identification type).