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What are the fees and limits for my Virtual GBP Bank Account?

Written by Utkarsh Pathak

Transaction Fee

Fee Type

Rate

Transaction fee

0.5%

This fee applies to all incoming and outgoing transactions.


Banking Fees

Banking fees depend on how the payment is sent to you:

Payment Type

Fixed Fee

Faster Payments deposit

$1.00

Wire transfer deposit

$20.00


Return Fees

If a payment is flagged or returned to the sender, the following fees apply:

Return Type

Fee

Faster Payments return

$6.00

Wire return

$50.00

Return fees are charged on your next incoming payment or deducted from your corporate balance.


Deposit Limits by Payment Source

Payment Source

Limit

From an individual person

Up to $4,000 per transaction

From your own bank account

No limit

From a business account

No limit

From payroll platforms (Upwork, Gusto, Fiverr, etc.)

No limit


How Fees Are Applied

Both the banking fee and the 0.5% transaction fee are deducted from the incoming amount before USDC is credited to your Kosh wallet. You receive the net amount after all fees.


Settlement Timeline

Payment Method

Settlement Time

Faster Payments

1–2 business days

Settlement timelines may vary based on your jurisdiction, payment rail, and banking infrastructure.


Have questions about fees or limits?
Contact the Kosh support team via chat at payout.copperx.io or email [email protected].


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