Pay from the UK and any EEA country
Foreign currency payments guide
Navigate your international payments with confidence
In the dynamic world of global trade, timing is everything. Our detailed cut-off times for each currency ensure that your international payments are never delayed. Trust Volopa to keep your transactions moving smoothly across borders, every time.
Currency (ISO)
Settlement Cutoff (UK Time)
Priority
(Local) Regular
Maximum Payment Amounts
4:30 PM
N/A
4:30 PM
1,500,000 INR per payment (Regular)
1,500,000 INR per beneficiary per day
- Russian Ruble (RUB) **
N/A
N/A
N/A
N/A
** Currencies enabled upon client request
** Please note that we’re not currently supporting RUB transactions due to the conflict in Ukraine
INR
Due to circumstances outside of our control with one of our banking providers, we’re no longer able to support local INR payments to any beneficiary bank using the below purpose codes:
- Salary
- Product indemnity insurance
- Investment in Shares
We are also temporarily unable to support local INR payments in the two cases below from the 5th of March 2024:
- Trade-related local INR payments to a HDFC beneficiary bank using any of our supported purpose codes above.
- Local INR payments to any beneficiary bank using the purpose code ‘delivery – delivery fees for goods’.
Any payments made that meet the above criteria will be rejected. We apologise for any inconvenience this may cause you. If you have any questions or concerns, please get in touch with your account manager.
EEA Restrictions
Unfortunately, we are currently unable to offer some currencies to our EEA-based clients.
The currencies we are unable to offer are:
- Bahrain Dinar (BHD)
- Chinese Yuan (CNH)
- Israeli Shekel (ILS)
- Kuwait Dinar (KWD)
- Omani Rial (OMR)
- Qatar Rial (QAR)
- Thai Baht (THB)
- Ugandan Shilling (UGX)
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International payments
Getting started
Volopa charges a payment processing fee for international payments. These fees will vary depending on your preferred settlement method.
Using our online platform to make an international payment is quick and easy. All your payment and recipient details are stored to make your repeat payments more convenient, including preferred settlement methods and payment references.
Payment timelines mostly differ based on where your recipient is based, when you make the payment and on your preferred settlement method. Our full payment timelines are available on our online platform and you are always informed of the estimated payment delivery date before confirming your payment.
With Volopa’s international payments solution, you can make payments in 36 currencies from the UK and in 26 currencies from any EEA country. You can also fund those payments in more than 10 currencies, including GBP, EUR and USD.
Simply enter your recipient’s email address (you can also add a cc email address) in the designated field in your new payment screen. Once the payment is sent to your recipient’s bank, we will notify the recipient that the payment has been sent.
Your recipient will receive the automated email from us once the payment is sent. You don’t have to provide evidence of payment to your suppliers.
We charge a competitive commission on FX conversions that varies depending on volumes.
For further information, Kindly contact our team.
