Flexible Payments

Make payments from same day up to 12 months in the future

What are Flexible Payments?

Flexible Payments allow you to select the date you want your payment to be sent. The default payment date is usually two or three working days in the future. You might use Flexible Payments  to select an earlier date to ensure your payment gets to your supplier even more quickly. Alternatively, by selecting a date in the future, you can lock in an exchange rate for an invoice or receivable of a known amount at a future date. If you select a payment date three working days or more into the future, you are instructing what is known as a 'forward' payment.

 We may ask you for a deposit for forward payments, which you'll need to send us as soon as you've instructed your payment.

How do they work?

Once we've enabled Flexible Payments for you (just call or email), a calendar will appear at Step 4 of the 'Make a payment' process. You can use this calendar to select the date you want your payment to be sent.

icon-calendar

Forward contracts

Forwards are payments which are due to settle three working days or more into the future. Forwards allow you to lock in an exchange rate for an obligation (such as a salary transfer or supplier invoice) or receivable of a known amount at a future date.

When you execute a forward payment you will be required to pay a deposit.

Learn more about forwards