You can send Pound Sterling (GBP) - also known as the British Pound - from your KAST account to any bank account that supports GBP transfers using KAST Pay. This article explains how to send GBP to a bank account, what fees and timelines apply, and what to do if your payout doesn't arrive as expected.
How Do I Send GBP from KAST?
With KAST Pay, sending GBP is quick and simple:
| 1. Open the KAST app. | |
| 2. Go to the Pay tab. | |
| 3. Under New Payment, select Local Payout. | |
| 4. Choose GBP as your payout currency. | |
| 5. Choose whether to transfer to your own account or to someone else. | |
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6. Enter the amount you wish to send. |
| 7. Enter your recipient’s bank details. | |
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8. Review the details and confirm your transaction. |
Your funds are converted at the current FX rate, and you’ll see all fees and delivery times upfront before confirming your payout.
What are the Fees for GBP Payouts from KAST?
KAST uses transparent pricing for every GBP payout:
| Detail | What It Means | Amount |
|---|---|---|
| FX Conversion Fee | Rate applied when converting stablecoins to GBP. | 1% |
| Transfer Fee (Fixed) | Flat fee for processing your payout. | 3 USD |
What is the Minimum Amount Threshold for GBP Payouts?
The required minimum payout for GBP transfers is 10 GBP. This threshold helps ensure smooth processing and maintains consistent payout standards across supported banking networks in the UK.
Which Banks Can Receive GBP Payouts?
You can send GBP to local banks in the United Kingdom that support pound sterling transfers, including:
- Major UK banks (HSBC, Barclays, Lloyds, NatWest, Santander UK, etc.)
- Most regional and digital banks that accept GBP deposits.
Tip: Always confirm with your recipient’s bank that their account can receive GBP deposits before sending.
How Long Does It Take for GBP Payouts to Arrive?
GBP payouts typically take less than 24 hours, especially when sent during regular banking hours. Transfers made after hours or on weekends are processed on the next business day. You’ll receive a confirmation once your payout is complete.
Can I Send GBP to Someone Else’s Account?
Yes. You can send GBP to another person’s local bank account, as long as the payout details are accurate. Make sure the recipient’s name, account number, and sort code are entered correctly.
Always double-check your details - incorrect information may cause the transfer to fail or be returned.
What If My GBP Payout Hasn’t Arrived?
If your payout hasn’t arrived after the expected time:
- Check your Transaction History in the KAST app.
- Verify your bank details for accuracy.
- Contact your bank to confirm if the transfer is pending.
- If still unresolved, reach out to KAST Concierge.
For troubleshooting, see: What Should I Do If My KAST Payout Hasn’t Arrived Yet?
Frequently Asked Questions
Do I need to complete KYC before sending GBP?
Yes. Completing KYC verification is required before using KAST Pay. This ensures compliance with local financial regulations and keeps your transactions secure.
Why does my GBP payout sometimes take longer to arrive?
Slight delays can occur if transfers are made after banking hours or during holidays. Occasionally, banks perform compliance checks on large or first-time transfers, which can add a short delay.
Can I cancel or edit an GBP payout after confirming?
No. Once confirmed, GBP payouts are immediately processed and cannot be canceled or changed. If you entered incorrect details, contact KAST Concierge as soon as possible for help.
What happens if my payout fails?
If your payout fails because of invalid or incomplete information, your funds will be returned to your KAST balance automatically once the payment is reversed. You’ll be notified once the refund is completed.
Can I send GBP from anywhere?
Yes. You can send GBP from any country supported by KAST, as long as the recipient’s bank account accepts GBP transfers. This makes it easy to send or receive funds across borders in local currency.