How fast is Faster Payments?

Most Faster Payments transfers arrive within minutes, 24 hours a day, 7 days a week. Some banks may take up to 2 hours during peak times.

Can I use Faster Payments to sell crypto?

Yes. Sell payouts via Faster Payments go to your UK bank account, typically arriving within minutes to hours.

Does my bank support Faster Payments?

Nearly all UK banks support Faster Payments, including Barclays, HSBC, Lloyds, NatWest, Monzo, Revolut, and Starling. Check with your bank if unsure.

Buy Crypto with Faster Payments

Buy Bitcoin and crypto with UK Faster Payments. Instant bank transfers for UK customers. Compare rates from trusted providers.

What is Faster Payments?

Faster Payments is the UK instant payment system that transfers GBP between bank accounts in minutes, 24/7. It is the preferred payment method for UK crypto buyers — fast settlement with lower fees than card payments and no need to wait for business days.

How to Buy Crypto with Faster Payments

Enter the amount in GBP and select your cryptocurrency on Swaps.
Choose "Faster Payments" and compare provider rates.
Transfer GBP from your UK bank using the provided sort code, account number, and reference.
Payment typically arrives within minutes, and crypto is sent to your wallet shortly after.

Faster Payments — Pros

Near-instant settlement — works 24/7 including weekends
Lower fees than card payments
High limits for verified users

Faster Payments — Cons

UK-only — requires a UK bank account
GBP only
Manual transfer required (not as quick as tapping Apple Pay)

Faster Payments Limits & Fees

Processing time	Minutes (24/7, including weekends)
Limits	£30 - £100,000 per transaction
Fees	Typically 0.5-2%. Lower than card payments.
Regions	United Kingdom
Currencies	GBP

You can also sell crypto and receive funds via Faster Payments.

Popular Cryptocurrencies

Other Payment Methods

Why use Faster Payments on Swaps

Swaps does not process payments itself — we route your Faster Payments transaction through licensed on-ramp providers (Paybis, Transak, Bridge by Stripe, Onramper, Mercuryo, OKX, Coinbase, and others) and rank their live quotes by total receive amount in your local currency. The best provider for Faster Payments depends on your country, the amount, and the coin you are buying, which is why every quote is re-evaluated in real time. The crypto goes directly to the wallet address you control; Swaps never custodies funds during the transaction.

What to expect

Faster Payments availability varies by provider and country. Some providers settle Faster Payments payments instantly, others may batch transfers depending on the rail. KYC requirements depend on the provider's compliance rules in your market — many corridors complete without verification at smaller amounts. Before you pay, Swaps applies a Tier-1 fiat-aware filter so Faster Payments routes that would be rejected by every available provider in your country never appear in the comparison. If a route is shown, it can complete; if it is hidden, the rail is not currently supported in your market.