How Do I Open a GBP Account?

Opening a such account with Transferra is a straightforward process. Simply complete the online application form with your business and personal details. Then provide any necessary supporting documentation, such as proof of identity and business registration. Once your application has been approved, you will receive your sort code and account number.

What Is a GBP Account?

It is an account denominated in Great British Pounds (GBP), the official currency of the United Kingdom. They usually come with a unique sort code and account number, allowing you to send and receive payments within the UK using local payment methods such as Faster Payments, BACS and CHAPS.

Can I Open a GBP Account?

Yes, you can open a GBP account if you are an individual or a company that needs to hold, send or receive Great British Pounds (GBP). Transferra's registration and onboarding process is completely digital, so you can do it in minutes from anywhere in the world.

How Can I Pay in GBP?

You can make GBP payments within the UK using local payment methods. If you need to make cross-border GBP payments, there are international options, such as SWIFT, which allow you to send and receive GBP payments worldwide. Transferra lets you make fast payments in the UK, Europe and the USA.

How Long Does GBP Transfer Take?

Payments are usually credited to the recipient's account immediately or within a few minutes. Sometimes Faster Payments can take up to two hours to arrive, but this is rare. International GBP transfers using SWIFT can take up to several business days to complete, depending on the destination country's regulations.

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Open a British Pound account in minutes with fast, fully digital onboarding and start sending money abroad hassle-free.

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Expand Your Business Globally with a British Pound Account

Opening a British Pound Account is ideal if your business regularly receives payments in GBP or works with UK-based partners. It helps you avoid unnecessary currency conversions and high exchange fees. At Transferra, we provide a sterling business account tailored for international companies looking to expand efficiently in the UK and beyond.

Manage Business Finances With Ease

GBP account comes with a range of powerful financial tools such as payment templates, reporting and real-time foreign exchange.

All major local GBP payment methods, including Faster Payments, BACS and CHAPS. Enjoy fast and secure GBP transfers within the UK.

Transferra also allows you to easily send and receive funds in multiple currencies, making it a great option for businesses that operate in different markets.

What is GBP Account?

When you create a sterling account with Transferra, you will receive a local UK sort code and account number in GBP. This allows you to easily receive payments in GBP from local sources within the UK. Having a GBP account can simplify transactions and make it easier for you to do business with UK-based partners and customers.

Reasons to Open Sterling Account

Transferra offers you a range of financial services, including your individual IBAN, international payments, currency exchange and more. Signing up for a sterling business account is quick and easy, allowing you to manage your finances efficiently.

Pay in GBP

With Transferra, you can easily pay your suppliers and employees in GBP. Simply hold your funds in GBP and payout via direct deposit, with no conversion fees. This allows for seamless and cost-effective transactions.

35+ Currencies

We support over 35 currencies, including EUR, USD, and GBP. You can also send and receive payments in more exotic ones like AED, CNY, CZK and more.

Large Transactions

You can send and receive large payments without limits to 180+ countries. No caps, no delays - just smooth, stress-free transactions for your growing business.

Low Cost FX

You can withdraw money in your local currency. Convert various currencies including USD and EUR into GBP at competitive rates, allowing you to access your funds quickly and conveniently

Open GBP Account Online Within 3 Days at Transferra

Transferra offers a fully digital registration and onboarding process, allowing you to open an account in minutes from anywhere in the world. With no physical paperwork or face-to-face appointments required, you can quickly and easily access our financial services.

01

Create your account today and get started with the online onboarding process

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Please submit the required supporting documents

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Meet your personal Dedicated Account Manager

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Start using Transferra platform and enjoy all benefits

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Why Choose Transferra?

Every business is unique, with its own goals, approach and specific needs. A one-size-fits-all solution doesn't work for everyone. Transferra is designed to work with companies of all sizes and structures, offering tailor-made solutions. This way, you can be sure you're getting a service that works for your business and unique needs.

Business moves better with Transferra

Open a Sterling account and access a range of financial services from a single platform - built to move your money smarter, faster, and farther.

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Frequently Asked Questions

How do I open a GBP Account?

Opening a such account with Transferra is a straightforward process. Simply complete the online application form with your business and personal details. Then provide any necessary supporting documentation, such as proof of identity and business registration. Once your application has been approved, you will receive your sort code and account number.
What are the advantages of having an IBAN account in the UK?

The main benefit is that an IBAN account in the UK allows you to make transactions without cross-border additional fees or delays. It’s an ideal solution for receiving payments from European clients, making transfers through SEPA, or conducting business in the EU without needing a physical European presence.
Will my IBAN account be subject to Brexit-related restrictions?

No. Even though the UK is no longer part of the European Union, Transferra offers EU IBANs that are fully functional within the SEPA network. This guarantees that you can make euro transfers across Europe without Brexit-related issues.
Can I send and receive SEPA payments with an EU IBAN?

Yes, Transferra’s EU IBAN accounts are SEPA-friendly, allowing you to send and receive SEPA transfers across the European Union and other SEPA member countries.