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Business Banking

Start receiving and/or sending funds from your very own online Payment Account all in the name of your business.

Payments with no fuss

No nonsense payment account system, with an easy to use interface and a quick and efficient way to manage payments too and from your business account.

Single Payments One off payments to and from your account
Save Beneficiaries Set up and manage your regular account beneficiaries
Batch Payments Set up and manage batch payments and payment schedules
2 Step User Authentication Secure and highly encrypted authentication for your safety
Transaction .csv download Download an Excel/CSV file for a list of transactions and account data

Payment Types

Faster Payments GBP

Faster Payments Service (FPS) was launched in 2008. It was developed to create a near real-time 24/7, payments service that would enable a vibrant and globally competitive UK economy. It provides an easy to use infrastructure.

Our connection to the FPS central infrastructure allows you to send and receive payments of up to £250,000, 24 hours a day, seven days a week.

CHAPS GBP

CHAPs is an automated payment system, enabling Quaife customers to make same-day payments within the UK, on a Real Time Gross Settlement (RTGS) basis provided valid payment instructions are received prior to 17:00. CHAPS can be used for very large payment amounts with certainty of settlement.

Quaife’s connection to the CHAPS central infrastructure allows you to send and receive payments that settled directly with the Bank of England.

SEPA EUR

The single euro payments area (SEPA) harmonises the way cashless euro payments are made across Europe. It allows European consumers, businesses and public administrations to make and receive the following types of transactions under the same basic conditions

This makes all cross-border electronic payments in euro as easy as domestic payments.

SEPA covers the whole of the EU. It also applies to payments in euros in other European countries: Iceland, Norway, Switzerland, Liechtenstein, Monaco and San Marino.

SWIFT Payments EUR

Banks around the world needed a consistent, universal way to get money from one country to another. The SWIFT network became that answer. SWIFT provides a secure network that allows more than 10,000 financial institutions in 212 different countries to send and receive information about financial transactions to each other.

If you’re sending money through SWIFT, it can be quite pricey, especially for smaller amounts of money and, as noted, if your SWIFT transaction will need to go through intermediary banks, each of them normally will levy their own fee.

We use a simple and easy to understand pricing structure

 
£ GBP
EUR

Monthly Fee

There is standard flat rate fee for our monthly payments services, these are offered in both GBP and EUR.

£100
€115

Outgoing Transfers

We use both GBP and EUR payment systems for our outgoing transfers and there is a flat rate per transaction.

£3.00 per transaction
£25.00 per transaction
€3.50 per transaction
€28.00 + 0.30% per transaction

Incoming Transfers

We use both GBP and EUR payment systems for our incoming transfers and there is a flat rate per transaction.

£3.00 + 0.10% per transaction
£25.00 + 0.10% per transaction
€3.50 + 0.10% per transaction
€28.00 + 0.30% per transaction

Internal Account Transfers

Internal transfers between Quaife accounts is offered as part of our payment services and incurs no additional costs.

£0.00
€0.00