Score of 88.57/100 qualifies for PaymentCheck Certification
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2024 - 31 Dec 2024 | 10 Jan 2025 | 22 | 85% | 9% | 6% | 5% |
| 01 Jan 2024 - 30 Jun 2024 | 31 Jul 2024 | 27 | 82% | 13% | 5% | 5% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 28 | 69% | 21% | 10% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 32 | 64% | 25% | 11% | 9% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
For Goods not for Resale suppliers, standard terms are 30 days. Goods for Resale suppliers are allocated terms based on the category they supply, ranging from 0 to 60 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
We have a dedicated Accounts Payable team who oversee invoice payments. Payment queries can be emailed directly to accounts@clear.bank. If required, issues are escalated to the business contact responsible for managing that supplier and will seek to resolve that dispute as quickly as possible.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
ClearBank Limited is a fully regulated UK clearing bank, launched in 2017 as the first new clearing bank in over 250 years. It provides API-native banking and payment infrastructure, including Agency Banking, Embedded Banking and Transaction Banking, enabling clients to hold and move money, embed financial services into their own brands, and access real-time payment clearing. Its customers range from fintechs and corporates to banks, building societies, credit unions and digital asset platforms. It holds GBP funds at the Bank of England and, through European operations, EUR funds at De Nederlandsche Bank and the European Central Bank. The company is headquartered in London with an additional office in Amsterdam.
Generated from the company's website and Companies House records. Sources: clear.bank · clear.bank