Payment schemes
BVNK offers a range of payment schemes to support digital asset transactions. This page outlines each available payment option and its key features.
Settlements are completed within the stated timeframes only when payments are submitted by the specified cut-off time (COT).
Payment schemes
- US
- Europe
- UK
- Internal
| 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 |
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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.