---
title: How to manage bank transfers.
description: Help with bank transfers
---
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November 7, 2025
# How to manage bank transfers.
## Cancel and manage your bank transfer
Once a payment is created with in the Paid platform you are able to review the details, cancel and download a remittance (once it the payment is sent).
**What are the payment status**
Your payment will move through different status
- Processing: means that we are processing the payment with your provider
- Payment Scheduled: means that we have received confirmation from your provider that everything is ready for the payment to be sent
- Paid: means the funds have been released to your payee
**What does the method mean**
Depending on the currency and your payment amount one of four methods will be chosen by your provider.
- GBP: £\<1m Faster Payments, £\>1m BACA
- EUR: SEPA
- USD: Swift
**How to download a remittance**
Once your payment status is "paid" your remittance is available in the right hand side column.
**How to cancel a payment**
[See linked article](https://help.paid.co.uk/migrated/knowledge/paid-lite-how-to-create-a-bank-payment?hsLang=en)
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