Payment schemes

• Fiat

BVNK provides multiple payment schemes to facilitate seamless digital asset transactions. This reference page covers all available payment options and their features.

Cut-off time (COT)

Settlements arrive within the stated timeframes only if payments are submitted by the stipulated cut-off time (COT).

Payment schemes

US

Scheme	Description	Settlement	COT (working days)	Currency
ACH	Electronic network for processing low-value, batch transactions including direct deposits and bill payments.	Next business day (T+1) if submitted by COT	GMT 01:45–08:00pm	USD
ACH_SAME_DAY	Faster ACH processing, typically settling same business day. If requested outside the available window, processed as next-day (fee may still apply).	Same day (T+0) if submitted by COT	GMT 01:45–08:00pm	USD
FEDWIRE	Real-time gross settlement system operated by the U.S. Federal Reserve for high-value, time-critical transactions.	Within one business day if submitted by COT	GMT 01:45–08:00pm	USD
RTP	Real-Time Payments network enabling instant fund transfers between participating U.S. banks, 24/7.	Instant	24/7	USD
FEDNOW	Federal Reserve instant payment system providing 24/7 real-time payment capabilities.	Instant	24/7	USD

Europe

Scheme	Description	Settlement	COT (working days)	Currency
SEPA_CT	SEPA Credit Transfer for euro-denominated bank transfers across Europe with uniform standards.	1–2 business days if submitted by COT	GMT 07:00am–02:00pm	EUR
SEPA_INST	SEPA Instant Payment for real-time euro transfers across Europe, 24/7. May incur a small fee.	Seconds if submitted by COT	GMT 07:00am–02:00pm	EUR
SWIFT	Global messaging network for secure international financial transactions between banks worldwide.	1–5 business days if submitted by COT	GMT 07:00am–02:00pm	USD, EUR, GBP

UK

Scheme	Description	Settlement	COT (working days)	Currency
FASTER_PAYMENT	UK service enabling near-instantaneous bank transfers, typically settling within seconds to hours.	Minutes to hours if submitted by COT	GMT 07:00am–02:00pm	GBP

Internal

Scheme	Description	Settlement	COT	Currency
BOOK	Internal transfer of funds between accounts within the same financial institution.	Instant	N/A	USD, EUR, GBP

COT in other timezones

US (ACH, ACH_SAME_DAY, FEDWIRE):

Timezone	Winter (Standard)	Summer (Daylight)
PT	05:45am–12:00pm PST	06:45am–01:00pm PDT
ET	08:45am–03:00pm EST	09:45am–04:00pm EDT

Europe and UK (SEPA, SWIFT, FASTER_PAYMENT):

Timezone	Winter (Standard)	Summer (Daylight)
PT	11:00pm–06:00am PST	12:00am–07:00am PDT
ET	02:00am–09:00am EST	03:00am–10:00am EDT

Transaction limits

In most cases, the supported payment schemes have daily limits that are practically unlimited. For example, for local USD transactions (ACH, FEDWIRE, RTP, FEDNOW), our bank partners set an overall cap of approximately $50 million with no specific limits at the customer level.

But note that SEPA_INST has a maximum transaction limit of €100,000 per transaction.

Contact your account manager to learn the specific limits for a particular payment scheme or to request an increase.

There is no minimum transaction amount, however zero-value transactions are not permitted.