NRTH pays out automatically as soon as collected funds land with us. You do not need to request a payout or take any action.
Direct Debit payouts
Once a Direct Debit collection is successful, the funds clear through the BACS system before reaching NRTH. This takes up to 3 business days. As soon as the funds land with us we pay them out to your connected bank account via Faster Payments on the same business day. You should expect to receive your funds within 3 to 5 business days of the collection date.
Open banking payouts
Payments collected via open banking are processed as instant bank transfers. NRTH pays these out via Faster Payments immediately. There is no waiting period.
How payouts work
All collections that land with NRTH on a given day are grouped into a single lump sum payout to your bank account. Your accounting software is reconciled automatically at the same time, so every invoice covered by that payout is marked as paid without any manual work.
Seeing what is included in a payout
Although the payment to your bank account arrives as a single amount, you can see a full breakdown of which collections made up each payout from the Payouts section of your NRTH dashboard.
Your bank account details
NRTH uses Confirmation of Payee when you connect your bank account, so your payout destination is verified at setup. Payouts go to the same account every time.
Is there a minimum payout amount?
No. Every successful collection triggers a payout. There is no threshold to reach.