make payments in a tap, take payments in a snap

There are multiple ways to transfer payments. Between-account transfers from one wamo account to another are free. You can transfer money to another bank account by adding the account holder’s bank details.

Payment links are copy and paste links that you can generate from the app and send via whatever messaging service you choose in order to request a payment from another person or business.

Tap the QR code icon in the app which will bring up a QR code for you to show your payee. They can scan the QR with their smartphone which will bring up a link to their wallet. They then pay you directly from their wallet into your account. You can choose which account to generate a QR code for so that payments can be made directly into a specific account or sub-account.

Receiving a transfer via Faster Payments can take up to 2 hours, but will usually arrive immediately.

For an outbound transfer via Faster Payments, the receiving bank or financial institution should also support Faster Payments to benefit from the rapid transfer time.

SEPA stands for Single Euro Payments Area (SEPA) and it allows you make cashless euro payments – via credit transfer and direct debit – to anywhere in the SEPA zone. This includes the European Union, as well as a number of non-EU countries, as if they were local payments.

The main difference is the SEPA payments include euro payments made between European Union countries (and a few non-European countries), while SWIFT supports international payments in multiple currencies to most countries across the world.

A currency conversion fee is a charge applied when a financial transaction requires converting one currency to another in order to be completed. This includes both bank transfers and card payments.