Ebury Instant – pay and collect funds instantly
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With Ebury Instant, doing business globally has never been easier. Your cross border payments will reach your beneficiaries instantly if both of you are Ebury clients holding Ebury Currency Accounts.
With Ebury Instant, you can make cross border payments to your beneficiaries instantly and securely, 24/5 if both of you are Ebury clients. No need to worry about cut-off time any more. You can make payments at any time of the day. Monday to Friday, except bank holidays.
The service allows our clients to accelerate their business operations. For the beneficiary it means immediate cash inflow, while the payer benefits from immediate payment settlement, enabling faster execution of ‘cash in advance’ transactions. We expect a particular impact on clients making recurrent transactions with the same payer or beneficiary.
Importantly, security has not been sacrificed for speed. Double verification is required before the first payment is made to a new beneficiary, and all payments are checked by Anti-Money Laundering & Screening systems. The service is automatically activated for all of Ebury’s clients.
So, what does that actually mean?
Imagine that you run your business in the UK and collect funds from clients in USD. If your clients miss the payment cut-off time, as it stands, you will get the funds the next day. With Ebury Instant, whatever time your clients choose to pay you, we will credit that payment into the USD balance of your Ebury Currency Account immediately.
Instant collection means instant cash inflow to run your business.
If you are paying your suppliers, you benefit from immediate payment settlements which means speedy execution of ‘cash in advance’ transactions. Settle your payments instantly and execute your business transactions faster, or if you are receiving funds, unlock cash flows by receiving funds immediately from your clients, group companies and other business partners.
How do I get Ebury Instant?
As long as you and your suppliers or clients have an Ebury Currency Account, you don’t need to do anything. You can start benefiting
from your Ebury Instant payments right away! Our system will automatically transfer the funds using Ebury Instant.
But I don’t have an Ebury Currency Account yet, how can I get one?
We can help you collect in over 35 currencies. Opening an Ebury Currency Account in your name is easy, just contact one of our experts. You can find out more about Ebury Currency Accounts on our website.
If you have any questions, don’t hesitate to contact us.
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