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Q:

Routing rules for Bulk Payments

A:

We will always try to route your payment via the Faster Payments system.

All credits within the Bulk List will be sent on the date you requested if:
- The beneficiary sort codes can accept Faster Payments
- The amount of each credit is within the service limits

The value you enter for the ‘Date payment to arrive’ will determine if an Immediate, Next Day, or Future Dated Faster Payment is sent. Each of these has its own tariff which you can check by selecting View Notification from the left hand menu.

Faster Payments is a near real time system. A payment will be received by the beneficiary almost immediately after leaving your account, though sometimes it may take two hours.

NB: The beneficiary's bank may not make funds available to the beneficiary on this date.

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