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Q:

What were the changes to the Faster Payments limit in November 2016?

A:

From the 5th November 2016 the Faster Payments limit within Bankline has been increased from £100,000 to £250,000.

This allows you to make UK domestic payments up to £250,000 by Faster Payments and can be used as an alternative to CHAPS if suitable for your payment.

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