# Payment schemes

> Comprehensive guide to supported payment schemes and integration options on the BVNK platform

BVNK offers a range of payment schemes to support digital asset transactions. This page outlines each available payment option and its key features.

:::info Cut-off time (COT)
Settlements are completed within the stated timeframes only when payments are submitted by the specified cut-off time (COT).
:::

## Payment schemes

| 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 |
| `FEDNOW` | Federal Reserve instant payment system providing 24/7 real-time payment capabilities. | Instant | 24/7 | 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 |
| `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 |

| Scheme | Description | Settlement | COT (working days) | Currency |
| :--- | :--- | :--- | :--- | :---: |
| `SEPA_CT` | SEPA Credit Transfer for euro-denominated bank transfers across Europe with uniform standards. | Within 1 business day 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 | No cut-off (24/7/365) | EUR |
| `SWIFT` | Global messaging network for secure international financial transactions between banks worldwide. | 1–5 business days if submitted by COT | CET 10:15–16:15 or CET 14:00–23:00 | USD, EUR |

| 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 | No cut-off (24/7/365) | GBP |
| `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 |

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

:::tip 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 CT, SWIFT):

    | 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 |
:::

## Local banking networks

Local banking networks route a payout through a direct domestic rail in the beneficiary's own country, as an alternative to SWIFT, for the currencies below. Payouts in these currencies are upcoming and not available yet.

| Currency | Country | Payment types | Minimum amount | Maximum amount | Delivery time | Cut-off time |
| :--- | :--- | :--- | :--- | :--- | :--- | :--- |
| BRL (upcoming) | Brazil | B2B, P2P | BRL 10 (approx. USD 1.92) | B2B USD 100,000; P2P USD 25,000 | Near real time | P2P/B2P: no cut-off (Mon–Sun); P2B/B2B: 2:45pm BRT (Mon–Fri) |
| MXN (upcoming) | Mexico | B2B, P2P | USD 1 | B2B USD 100,000; P2P USD 25,000 | Instant | No cut-off (Mon–Sun) |
| ARS (upcoming) | Argentina | B2B, P2P | USD 1 | B2B USD 100,000; P2P USD 25,000 | | 3:45pm ART (Mon–Fri) |
| CAD (upcoming) | Canada | B2B, P2P | USD 1 | B2B USD 100,000; P2P USD 25,000 | | 2:45pm MST (Mon–Fri) |
| COP (upcoming) | Colombia | | | | | |
| CLP (upcoming) | Chile | | | | | |
| PHP (upcoming) | Philippines | | | | | |
| KRW (upcoming) | South Korea | | | | | |

## Transaction limits

Most supported payment schemes have daily limits that are effectively unlimited. For local USD transactions (ACH, FEDWIRE, RTP, FEDNOW), our banking partners set an overall cap of approximately $50 million, with no specific customer-level limits.

But note that `SEPA_INST` has a maximum transaction limit of €1,000,000 per transaction.

| Payment method | Currency | Transaction limit |
| :--- | :---: | ---: |
| SEPA Instant Credit | EUR | 750,000 |
| SEPA Credit | EUR | No limit |
| Faster Payments | GBP | 1,000,000 |
| CHAPS | GBP | No limit |
| SWIFT | EUR | No limit |
| SWIFT | USD | No limit |
| FedNow | USD | 10,000,000 |
| RTP | USD | 10,000,000 |

Please contact your account manager for specific payment scheme limits or to request a limit increase.

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