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Open banking payment on CEX.IO

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

Yes. CEX.IO takes Open banking payment in United Kingdom. You approve the payment inside your own banking app, and the transfer normally lands within minutes, though a bank may hold a first payment to a new payee for extra checks. By reach it is fourth of the 6 rails on our record for CEX.IO; Credit or debit card is offered in more countries.

What Open banking payment is

An open banking payment is a category rather than a single brand: an FCA authorised payment initiation provider hands you to your own bank's app, you approve a transfer whose details are already filled in, and the money moves from your account to the merchant without a card. In the UK the standards and directory are run by Open Banking Limited, and only firms authorised by the FCA may initiate payments, always with your explicit consent. More than one billion such payments have been initiated since launch, with about 40 million in June 2026 alone, and UK exchanges offer it as a card free way to fund a GBP balance.

Speed
You approve the payment inside your own banking app, and the transfer normally lands within minutes, though a bank may hold a first payment to a new payee for extra checks.
Cost of the rail
The payer is not charged: the initiation provider bills the merchant, and the underlying transfer is free on a normal UK current account.
Limits
Your bank's own transfer limits apply, and they vary by bank and by whether you approve in the app or in online banking.

Every exchange that takes Open banking payment

Where CEX.IO offers Open banking payment

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 (1)

What Open banking payment 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.

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 Open banking payment?

Yes, in United Kingdom. By reach it is fourth 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 Open banking payment on CEX.IO?

United Kingdom, from our country guides reviewed between 2026-08-12 and 2026-08-12.

How long does a Open banking payment deposit take on CEX.IO?

You approve the payment inside your own banking app, and the transfer normally lands within minutes, though a bank may hold a first payment to a new payee for extra checks. That describes the rail itself; CEX.IO may hold a first deposit for longer while it verifies your account.

What does Open banking payment cost on CEX.IO?

The payer is not charged: the initiation provider bills the merchant, and the underlying transfer is free on a normal UK current account. 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.

Are there limits on Open banking payment deposits?

Your bank's own transfer limits apply, and they vary by bank and by whether you approve in the app or in online banking. Any limit CEX.IO applies on top is set per account tier and shown inside the platform.

Sources