Your selected question

Q:

What is the Faster Payment Service limit?

A:

The current Faster Payment Service limit is £250,000.

The limit for Bulk Payments is £250,000 for each beneficiary.

If your payment amount exceeds £250,000 you will need to convert it to a CHAPS payment by selecting Convert to CHAPS at the bottom of your payment page.

Note - you cannot convert a bulk list to CHAPS.

All payments keyed under the Standard Payment option will be sent as a Faster Payment.

Please note: The Faster Payments limit within Bankline was increased from £100,000 to £250,000 on the 5th November 2016.

Did this article answer your question?