Your Pouchers GBP account provides UK account details, including an account number and sort code, so you can receive eligible payments in British pounds.
You can receive GBP from your own UK bank account or a UK-registered business.
Your account becomes available after a short in-app verification process, which may include identity checks and information about your source of funds.
Additional due-diligence questions may apply for high transaction volumes.
How You Receive Money
Your GBP account supports two payment methods, with BACS used for deposits above £1,000,000.
Payment method | What it is | Fee | Deposit timeline |
Faster Payments (FPS) | The standard UK payment network used by most online banking apps and payroll systems. | 0.7%, minimum £2, maximum £10 | Approximately 5 minutes; up to 30 minutes for larger amounts |
BACS | A UK bank transfer method used for deposits above £1,000,000. | 0.7%, minimum £2, maximum £10 | 3 business days |
Faster Payments operates 24 hours a day, 7 days a week, including weekends and public holidays.
The sender will need your UK sort code and account number to send you GBP. You can find both details on your Pouchers account screen.
Please note:
The minimum deposit is £2.00.
There is no stated maximum deposit amount. Deposits above £1,000,000 are routed through BACS instead of Faster Payments.
Deposits may be reviewed by our banking partner before their final status is confirmed. The timelines above are estimates, not guarantees.
What Transactions Are Permitted?
Your GBP account is intended for receiving legitimate payments from supported sources.
You can receive:
First-party payments: Transfers from your own UK bank account.
Business payments: Payments from a UK-registered business, such as salary, freelance earnings, invoices, or business settlements.
Important: Unlike the USD account, the GBP account does not support person-to-person payments. Friends and family members cannot send money into your GBP account, even if you share a surname.
Where Must the Sender’s Account Be Based?
The sender’s bank account must be issued in the UK.
Payments from EU bank accounts are not supported, regardless of where you live. The sender’s account must be UK-issued.
About Payment References
For Faster Payments, your deposit is matched to your account using your account number. The sender does not need to include a payment reference for the deposit to be matched.
The sender may add a reference for their own records, but it is not required for matching the payment.
What This Account Cannot Be Used For
Your GBP account is intended for receiving legitimate payments, such as salary, freelance income, invoices, and business settlements.
It cannot be used to receive payments related to:
Cryptocurrency transactions or crypto P2P trading.
Person-to-person transfers.
Betting.
Forex trading.
Payments associated with these activities may be declined or flagged for review.
Who Holds Your Funds?
Pouchers provides access to financial services through regulated partners. The regulatory information published on our website states:
Pouchers is a licensed financial technology company and cross-border payment facilitator in the US, registered with FinCEN as a Money Services Business (Registration Number: 31000328592150). Pouchers does not directly custody fiat funds.
All fiat services are delivered through licensed financial institutions and regulated partners, with stablecoins used solely as the settlement layer.
Need Help?
If you have questions about your GBP account or a deposit, contact our support team through any of these channels:
In-app chat: Contact us directly through the Pouchers app.
WhatsApp: 0704 292 8777
Email: [email protected]