GBP Payments - UK and Crown Dependencies

Nium supports local GBP payouts through the United Kingdom domestic payment infrastructure.

GBP local payouts are processed through two payment rails:

• Faster Payments for near real-time delivery
• CHAPS for same-day high-value payouts

This payout corridor covers the United Kingdom and connected jurisdictions whose banks participate in the same domestic clearing reach.

Payment rails

Feature	Faster Payments	CHAPS
Speed	Near instant	Same day
Availability	24/7/365	Business days only
Amount limit	Up to GBP 1,000,000	No fixed limit
Cutoff time	Not applicable	15:30 GMT

Nium routes payouts of up to GBP 1,000,000 through Faster Payments for real-time delivery. Payouts above that threshold are routed through CHAPS.

Supported countries and territories

Nium supports local GBP payouts to the following destinations:

• United Kingdom
• Gibraltar
• Isle of Man
• Guernsey
• Jersey

Payment method details

The following table shows the values to use when creating a GBP local payout.

Attribute	Value
Payout method	LOCAL
Routing code type	Sort Code
Beneficiary bank account number	8-digit account number IBAN
Destination currency	GBP
Delivery time	Real-time for payouts up to GBP 1,000,000 Same day for higher-value payouts
Cutoff time	15:30 GMT for high-value payouts
Availability	Faster Payments: 24/7/365 CHAPS: Business days only
Beneficiary bank network	UK and Crown Dependency banks with supported sort codes
Account verification	Supported. For more information, see Nium Verify.
Narrative	NIUM Fintech and customerComments appear on the beneficiary account statement

For more information about sort codes, see Routing Codes.

Payout lifecycle

GBP payouts follow the standard remittance lifecycle with additional corridor-specific status updates.

Step	Status	Description	Step type
1	SCHEDULED AWAITING_FUNDS CANCELLED EXPIRED FAILED INITIATED RFI_REQUESTED RFI_RESPONDED COMPLIANCE_COMPLETED REJECTED PG_PROCESSING	Standard payout lifecycle statuses. For definitions, see Track Payouts.	Generic
2	SENT_TO_BANK	The payment has been submitted to the Faster Payments or CHAPS network.	Country-specific
3	PAID	The beneficiary has been credited in real time for Faster Payments or on the same day for CHAPS.	Country-specific
4	RETURN	The payout was returned by the receiving bank or network, for example due to an invalid sort code, an invalid account number, or a closed account. Returns are typically received within 2 to 3 days.	Country-specific

For more information, see Payout Lifecycle.

Beneficiary requirements

The following fields are required when sending GBP payouts to the United Kingdom and Crown Dependencies.

Beneficiary field	Inline beneficiary field	Description
payoutMethod	paymentAccount.payoutMethod	Must be LOCAL.
beneficiaryName	beneficiary.name	Must match the bank account name.
beneficiaryAccountNumber	paymentAccount.accountNumber	Must be an 8-digit account number or an IBAN.
routingCodeType1: "SORT CODE" routingCodeValue1	paymentAccount.routingCode.type paymentAccount.routingCode.value	paymentAccount.routingCode.type must be SORT CODE when you provide a domestic account number. paymentAccount.routingCode.value must be a 6-digit UK sort code. If the beneficiary account number is provided as an IBAN, Nium can derive the sort code from the IBAN.
beneficiaryAccountType	beneficiary.accountType	Indicates whether the beneficiary is an individual or corporate entity.
beneficiaryCountryCode	beneficiary.addresses.countryCode	Must be a valid country code for the beneficiary.
beneficiaryAddress	beneficiary.addresses.line1	Required only for clients onboarded with the Nium Canada or Australia entity.

Some valid sort codes do not support Faster Payments. This can affect routing and lead to payment rejection. If you are unsure whether a beneficiary bank can receive Faster Payments, verify the details with the beneficiary bank or use Nium Verify, if enabled for your account.

For more information, see Customer Onboarding

Return codes and troubleshooting

The following ISO return codes are commonly associated with GBP payouts.

ISO code	ISO definition	Reason	Resolution
RC07	IncorrectClearingSystemMemberIdentifier	The beneficiary bank sort code does not support the required payment rail. If you provided only an IBAN, Nium derives the sort code from the IBAN.	Use Nium Verify if enabled, or confirm the beneficiary bank details before retrying the payout.
RC02	InvalidBankIdentifier	The beneficiary bank sort code is invalid or missing. If you provided only an IBAN, Nium derives the sort code from the IBAN.	Verify the sort code or IBAN with the beneficiary before retrying the payout.
AC01	IncorrectAccountNumber	The beneficiary account number is invalid or does not exist at the receiving bank.	Verify the beneficiary account number before retrying the payout.
AC04	ClosedAccount	The beneficiary bank account is closed and cannot receive payments.	Confirm updated account details with the beneficiary before retrying the payout.