Within the UK, Holvi uses the Faster Payment System (FPS). This means that payments are usually sent and received within 2 hours of execution*.
Most payment providers and financial institutions in the UK accept FPS payments. However, some do not! You can check here if your current account provider takes part in the Faster Payments Service.
If you are paying a bill, you should check that the company you are paying to accepts faster payments. You can check if the sort code of the provider's bank accepts faster payments here.
At the moment support inbound Bacs payments but not Bacs direct debits. We are working on it!
*We aim for all payments to and from your Holvi account to be executed within 2 hours through the Faster Payment System (FPS). However, from time to time, these payments may be delayed as they go through extra checks designed to protect you, the customer. In case we require any additional information in order to execute a payment, we will be in touch with you via email.