What 3rd Party Pots do we want?

(Jorge) #21

How would this work though? Making payments in Europe from pots?


Yes, with Pots all having their own account numbers, after all they are not treated as part of the account when calculating overdrafts so let’s give all pots their own account number. GBP pots could have sort code and account number and accept BACS Direct Debits and make FPS transfers, EUR pots could have IBAN and accept SEPA Direct Debits and make SEPA Credit Transfers.