Receive pounds

Get reusable GBP bank details for payments through Faster Payments. Incoming pounds become digital dollars in Peanut.

Create an account

Opening and keeping these details is free. The payer sends from their bank and does not need a Peanut account. Access depends on your verified residence and the checks for this account.

Only your own bank account and businesses can pay into these details. Payments from another person are returned to the sending bank.

The minimum is £2 per payment. The bank details are held by a partner for you; they are not an account in your name.

Check the payer guide before arranging a payment.

Open GBP receiving details

1. 1

   Verify your identity

   Create your account in the Peanut app and complete the required verification.

2. 2

   Choose GBP

   Open Accounts → Open new account → Open GBP account. Complete any account-specific checks.

3. 3

   Copy the details

   Copy the six-digit sort code, eight-digit account number and account-holder name exactly as Peanut displays them.

4. 4

   Arrange the bank payment

   After checking who may pay, share the details for a Faster Payments payment in GBP. Reuse them for later payments.

Peanut adds no receiving fee. Conversion costs are included in the exchange rate; the money reaches a digital-dollar balance, not a separate local-currency balance. The sending bank may charge its own fee.

Account payments usually arrive within minutes. Processing and checks can take longer. A bank name check can show the partner holding the details. Compare it with Peanut; check any unexplained mismatch before sending.

Keep the receipt if a payment is missing and use the deposit help guide. For using the balance or moving it to a bank, check the route in the withdrawal guide.