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Faster Payments on CEX.IO

Our rating
4.0
Offered in
3 countries
Type
Domestic bank rail
Rail reviewed
2026-08-18
Review updated
2026-08-27

Yes. CEX.IO takes Faster Payments in 3 of the 146 countries we rank it in: Guernsey, Isle of Man and United Kingdom. Payments are processed in near real time and can be sent and received 24 hours a day, seven days a week, so a deposit usually lands within seconds. By reach it is third of the 6 rails on our record for CEX.IO; Credit or debit card is offered in more countries.

What Faster Payments is

Faster Payments is the United Kingdom's near real time sterling transfer scheme, operated by Pay.UK and regulated by the Payment Systems Regulator. Almost all internet and mobile banking payments between UK accounts run over it, which is why a pound deposit to an exchange normally arrives this way rather than by CHAPS. It moves money account to account using a sort code and account number, and it runs every day of the year including weekends and bank holidays.

Speed
Payments are processed in near real time and can be sent and received 24 hours a day, seven days a week, so a deposit usually lands within seconds.
Cost of the rail
UK banks do not charge personal current account customers for sending or receiving a Faster Payment, while business tariffs vary from bank to bank.
Limits
The scheme limit has been £1 million per payment since 10 February 2022, but each payment service provider sets its own lower ceiling within that, often far lower for app initiated payments.

Every exchange that takes Faster Payments

Where CEX.IO offers Faster Payments

Each country opens the CEX.IO page for that market, with its rank there and every rail it takes. The number is CEX.IO's rank in that country's guide.

Europe (3)

What Faster Payments costs on CEX.IO

Faster Payments, SEPA and ACH deposits are free of charge; card deposits cost 0.49% to 4.99% plus a provider service charge.

Country notes from our guides for this rail on CEX.IO. Each links the page explaining Faster Payments in that country.

United Kingdom
withdrawals only; CEX.IO does not accept Faster Payments deposits

Other ways to pay on CEX.IO

5 other rails at least one country we rank CEX.IO in uses, widest reach first.

Frequently asked questions

Does CEX.IO accept Faster Payments?

Yes, in 3 of the 146 countries we rank it in: Guernsey, Isle of Man and United Kingdom. By reach it is third of the 6 rails on our record for CEX.IO; Credit or debit card is offered in more countries. Support is decided market by market, so the country pages linked here are the exact list.

In which countries can I use Faster Payments on CEX.IO?

Guernsey, Isle of Man and United Kingdom, from our country guides reviewed between 2026-08-12 and 2026-08-20.

How long does a Faster Payments deposit take on CEX.IO?

Payments are processed in near real time and can be sent and received 24 hours a day, seven days a week, so a deposit usually lands within seconds. That describes the rail itself; CEX.IO may hold a first deposit for longer while it verifies your account.

What does Faster Payments cost on CEX.IO?

UK banks do not charge personal current account customers for sending or receiving a Faster Payment, while business tariffs vary from bank to bank. On CEX.IO's side: Faster Payments, SEPA and ACH deposits are free of charge; card deposits cost 0.49% to 4.99% plus a provider service charge. Country notes: United Kingdom, withdrawals only; CEX.IO does not accept Faster Payments deposits.

Are there limits on Faster Payments deposits?

The scheme limit has been £1 million per payment since 10 February 2022, but each payment service provider sets its own lower ceiling within that, often far lower for app initiated payments. Any limit CEX.IO applies on top is set per account tier and shown inside the platform.

Sources