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Q:

What’s the difference between a bulk list and a bulk payment?

A:

A bulk list is a pre-specified list of beneficiaries or credit accounts you want to pay from a single debit account. There are two types: standard domestic and sterling Inter Account Transfer (IAT).

A bulk payment is a payment created from a bulk list - so it's a payment to multiple beneficiaries or credit accounts from a single debit account . As with bulk lists, there are two types: standard domestic bulk payments and bulk Inter Account Transfers (IATs).

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