Receive money from the United Kingdom with Peanut
A business in the United Kingdom can pay your own Peanut GBP account by Faster Payments. You receive digital dollars.
You can receive money from the United Kingdom into your Peanut balance. A business, such as an employer, a client or a platform, pays your Peanut GBP account from its bank by Faster Payments. It does not need a Peanut account. Another private person cannot pay a GBP account: the bank returns the transfer.
You open the GBP account once in the app, after identity verification, and reuse its details. Our banking partner holds the account for you, so the payer's bank can show the partner's name; that does not block the payment. Residents of New York and a few restricted countries cannot open one. The details carry no reference and no amount to match. See who can pay into my account.
How to receive money from the United Kingdom
Receive money from the United Kingdom
- 1
Open the account
Open Peanut and complete identity verification. Go to Accounts → Open new account and open a GBP account.
- 2
Share the details with the business
Send the sort code, account number and name shown in the app to the business that pays you.
- 3
Get paid
The business pays from its bank. No reference is needed, and any amount above the minimum works.
- 4
Use the credited balance
Once credited, hold the digital dollars, withdraw through an available route, or use a supported payment flow in Argentina or Brazil.
The bank route
The practical bank route from the United Kingdom is GBP through Faster Payments into your Peanut GBP account. Your own bank account and businesses can pay it, with no limit. A payment from another private person is returned to them. The minimum is £2.
A Faster Payments transfer usually arrives within minutes. This is an estimate, not a guarantee. Bank schedules, compliance checks, and incorrect details can add time.
Use the received balance
In Argentina, an appropriately verified account can pay supported Mercado Pago merchant QRs. In Brazil, an appropriately verified account can pay supported Pix merchant QRs or use the separate Pix-key payment flow. Review the local amount, exchange rate, and digital-dollar debit before confirming.
Passport verification can support merchant QR payments without an Argentine or Brazilian bank account. Local bank deposits and withdrawals follow stricter rules: ARS routes require Argentine residence and the relevant local tax ID; BRL routes require Brazilian residence and CPF, and first-party withdrawals go to the user's own account.
Costs to check
GBP is converted into digital dollars, so review the all-in rate shown in Peanut. Opening and keeping the account is free, and Peanut adds no fee on money paid in. The sender's bank may charge its own transfer fee.
FAQ
Does the sender in the United Kingdom need a Peanut account?
Not if the sender is a business: it pays your GBP account from its bank. A payment from a private person is returned.
Who must be eligible for bank receipt?
You, the Peanut recipient. You need a verified account and a residence where accounts are available: residents of New York and a few restricted countries cannot open one. The sender's bank location does not decide it.
How long does the transfer take?
A Faster Payments transfer usually arrives within minutes. This is an estimate, not a guarantee.
What does receiving GBP cost?
GBP is converted into digital dollars, so review the all-in rate shown in Peanut. Opening and keeping the account is free, and Peanut adds no fee on money paid in. The sender's bank may charge its own transfer fee.
Can I spend the balance in Argentina or Brazil?
Yes, after the relevant payment verification. Use supported Mercado Pago merchant QRs in Argentina or supported Pix merchant QRs in Brazil. Local bank withdrawals have separate residence and tax-ID rules.
Check your eligible receiving routes and share only the current instructions shown in Peanut.