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GBP accounts and FPS are live

Provision GBP virtual accounts, and collect and pay out GBP over the UK's Faster Payments Service.

Abstract changelog cover for GBP accounts and FPS are live
Abstract changelog cover for GBP accounts and FPS are live

Customers can now hold GBP virtual accounts and move GBP over Faster Payments Service (FPS):

  • GBP accounts: request GBP in the accounts array when you create a customer, subject to your project's allowed currencies, and track the account with GET /accounts. GBP accounts move to ACTIVE right after the customer is APPROVED.

  • FPS on-ramps: create an on-ramp with rail: "FPS" and sourceCurrency: "GBP". The response returns the sort code and account number to pay into under state.payment.identifier.

  • FPS destinations: create UK bank account destinations with rail: "FPS" and currency: "GBP". The identifier is the 6-digit sortCode and the 8-digit accountNumber. bank and holder are required, but their addresses only need country. SEPA destinations follow the same rule.

See Accounts, Destinations and Coverage.

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Lumx US OP LLC ("Lumx") is a financial technology and payments infrastructure company. Lumx US OP LLC is a Money Service Business (MSB) registered with the Financial Crimes Enforcement Network (FinCEN) (MSB #31000316459619). Lumx is not a state-licensed money transmitter and does not, in its own capacity, engage in the provision of regulated money transmission services. All such regulated activities are conducted exclusively through, and under the licenses of, duly authorized financial-institution partners.


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