#blog

A non-UK resident can start the process of opening a UK business account online, but a full UK business bank account is not always opened fully remotely. For an overseas company, the official UK process can require UK company registration, a UK business plan explaining why the account is needed, contact with the bank’s inward investment team, additional checks, and a company representative in the UK to sign a bank mandate after approval.

08.06.2026

A standard SEPA Credit Transfer usually takes up to one business day after the payment order is received. A SEPA Instant Credit Transfer can make funds available in the recipient’s account within seconds, if the payment provider and account conditions support instant processing.

25.05.2026

A sort code is a six-digit UK banking code that identifies the bank or payment service provider connected to a UK account. Businesses use a sort code together with an account number to send and receive local UK payments, while Sends helps companies manage UK local payments alongside SEPA, SWIFT, Global IBAN and multi-currency account functionality.

12.05.2026

IBAN (International Bank Account Number) is the ISO 13616 standard for numbering bank accounts in a consistent, internationally usable format. In the official IBAN registry published by SWIFT, the term is defined as an “expanded version” of a domestic account identifier (BBAN), intended for international use and uniquely identifying an individual account at a specific financial institution in a specific country.

07.05.2026

The primary difference between a wire transfer and a bank transfer (such as ACH or SEPA) lies in the processing speed and cost: a wire transfer moves funds individually in real-time for a higher fee, while a bank transfer processes transactions in batches over 1–3 business days at a significantly lower cost.

22.04.2026

 We live in an era of 5G and instant messaging, so we naturally assume that moving digital money should be as fast as sending a WhatsApp. If the data travels at the speed of light, why does the money seem to take the scenic route?

13.04.2026

The ACH system is the invisible engine of the American economy. It handles everything from your paycheck to your Netflix subscription and your tax refunds. While it is incredibly reliable, it is not always fast. In a world of instant messages and same-day delivery, the fact that a bank transfer can take three days feels like a relic from the age of dial-up internet. But there is a method to the madness, and once you understand how the gears turn, you can stop guessing and start planning.

02.03.2026

On 11 February, fintech leaders, regulators, and investors gathered in Dubai for the 8th edition of FiNext Awards & Conference – a one‑day, high‑impact event focused on the future of finance. Sends was honoured to be part of the conversation and even more honoured to leave with a significant recognition.

18.02.2026

Choosing the right type of business bank account in the UK depends first on your business structure. The needs of a sole trader (self-employed individual) differ from those of a limited company (LTD), and “freelancer” can fall into either category depending on how you operate. In this guide, we’ll clarify the differences and help you decide which account to open. We’ll also cover what you need to open a business account online, common requirements and documents, and how services like Sends can help UK businesses manage their finances.

16.02.2026