How to Send Payments via Local Rails

Overview

Local rails are the domestic payment systems each country uses to move money between its own bank accounts. Sending over a local rail means your payment reaches the recipient’s bank the same way a payment from a local business would, rather than routing through intermediary banks on an international wire.

Slash supports outbound international payments on six rails:

For Global Account users, these rails are available by default. Users with a US Column account must be approved for stablecoin access before these rails appear in their dashboard.

In supported regions, you can also use local rails to fund your Slash Global Account from a non-US bank account.

Sending a payment via local rails

Generally, you can expect to need a few pieces of information regardless of the rail you choose:

• Recipient’s full name (as it appears on their bank account)
• Recipient’s bank name and address
• IBAN or account number (depending on the destination country)
• Recipient’s address
• Purpose code (required for some countries such as the UAE, India, and Pakistan)

The exact details you’ll need for initiating a payment will differ depending on the rail you choose, which we cover in more detail below:

Step 1: Initiate a bank transfer

First, navigate to Move money>Send money in the top right of the payments page of your Slash dashboard. Once in the send payment flow, you’ll add or choose your recipient in the first panel.

Step 2: Select a payment rail

Next, if your account has access to local rails, you'll see several options in the Payment method dropdown menu. Select the rail you'd like to use.

Note: This image is from the Slash demo account, which at the time of writing does not yet display all available local rail options in the dropdown.

Step 3: Add a new non-US payment destination

When you select the local rail, you may see a red error message pop up indicating that the recipient you chose doesn't have the correct destination details for that payment method. To resolve this, click the Destination dropdown and add a new one.

In the form for the recipient's bank account details, you'll first be asked to choose the bank account country; select the country that corresponds to the rail (i.e. the UK for Faster Payments). If more than one rail is available for the destination country you chose, another field will ask you to specify which payment rail details you are inputting (i.e. Faster Payments, SEPA, or international wire for the UK) and currency.

The fields update based on the rail you pick, and each rail uses its own account identifier:

• International wire (SWIFT): the recipient’s SWIFT/BIC code, plus their IBAN or account number depending on the destination country
• Faster Payments: the recipient’s six-digit sort code and eight-digit account number
• SEPA: the recipient’s IBAN
• SPEI: the recipient’s 18-digit CLABE
• Pix: the recipient’s Pix key, which can be a CPF or CNPJ number, email address, phone number, or random key
• Bre-B: the recipient’s Bre-B key (llave), which can be a phone number, national ID number, email address, or alphanumeric key

Step 4: Input payment amount and review fees

Enter the amount you'd like to send. The exchange rate appears below the amount field, with fees included. Before moving on, review the summary panel on the right side of the screen, which shows the full fee breakdown and payment details.

Step 5: Confirm and submit the payment

Press Continue once you’re ready to proceed. Complete the rest of the payment as you normally would in Slash by adding the confirmation email and, optionally, a memo and description. Review the details on the final panel and submit.

Need more help?

The rail I want doesn’t appear. Rails only appear for the countries they support, so confirm you’ve selected the correct destination country. Local rails are also available by request only, so if you don’t see any international rails, contact support or your account representative to request access.

The form won’t accept the recipient’s details. Check the identifier against the format the rail expects. CLABE numbers are 18 digits, UK account numbers are eight digits paired with a six-digit sort code, and IBAN length varies by country. Copying the details directly from your recipient reduces the chance of a typo.

The payment was returned. Returns typically happen when the recipient’s name doesn’t match the name on their account, or when an account number or key is inactive. Once the funds are back in your account, confirm the details with your recipient and send the payment again.

Reach out to Slash support by using the in-app chat in your dashboard if:

• You sent a payment to the wrong recipient or with incorrect details.
• Your recipient hasn’t received a payment and their bank has no record of it.
• The amount your recipient received doesn’t match the amount and fees shown in the payment summary.