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Faster Payments Value Limits

All UK banks and building societies now send and receive faster payments.

There are, however, varying limits in place depending on who you bank with and how you choose to send the money. These  value limits for members of the Faster Payments Scheme, listed below, apply to each individual transaction.  In addition to these ‘per transaction’ value limits, most types of account have a daily limit on the total amount you can send from your bank, whatever payment system is used. You should contact them in advance to check what this may be, if you are planning to send large-value amounts which may exceed any daily limits your bank has set.


What are the transaction limits for online or phone payments using Faster Payments?: 

Bank
Availability
Value Limit

Barclays

Yes, phone and internet

Personal Customers Branch- £25,000
Telephony - £15,000
Online - £10,000

Premier Customers 
Branch- £25,000
Telephony - £50,000
Online - £30,000

Business Customers Branch - £25,000
Telephony - £15,000
Online - £50,000


Citibank

Yes, phone and internet

Corporate customers: £100,000

Retail customers:
Telephone banking £100,000
Online banking £10,000

Clydesdale (including Yorkshire Bank)

Yes, phone and internet

Retail customers (Personal) - £5,000* 

Retail customers (Business) - £10,000* 

Business Online customers- £100,000

Co-operative

Yes, phone and internet

£100,000

HSBC

Yes, phone and internet

Retail customers £10,000

Corporate and FI customers

£100,000

Lloyds Banking Group (Lloyds TSB, Halifax and Bank of Scotland)

 Yes, internet and phone
 (though phone limits
 may be much lower)

 Retail customers £25,000*
Corporate customers
£99,999*

Nationwide

Yes, phone and internet

£10,000

Northern Bank

Yes, phone and internet

Personal Customers (eBanking) - £25,000

(Business Customers (Business eBanking or Business Online) - £100,000

Payments made in branch - £100,000

Payments made via mobile banking - £10,000

Royal Bank of Scotland (including Natwest & Ulster Bank)

Yes, phone and internet

Retail customers: £10,000 

Corporate and FI customers: £100,000 

Santander UK plc

Yes, phone and internet

£100,000

*Telephony limits available upon request.

Information is updated as and when a limit changes, last entry: 16 October 2012 

What are the transaction limits for standing order payments using Faster Payments?:

Bank
Availability
Value Limit

Barclays

Yes

£100,000

Citibank

Yes

£100,000

Clydesdale (including Yorkshire Bank)

Yes

£100,000

Co-operative

Yes

£100,000

HSBC

Yes

£100,000

Lloyds Banking Group (Lloyds TSB, Halifax and Bank of Scotland)

 Yes

 £99,999

Nationwide

Yes

£10,000

Northern Bank

Yes

£100,000

Royal Bank of Scotland (including Natwest & Ulster Bank)

Yes

£99,999.99

Santander UK plc

Yes

£100,000

Information is updated as and when a limit changes, last entry: 19 January 2012

If your bank or building society is not a full member of the Faster Payments Scheme (listed in the above table) you will need to check your Faster Payments value limit with them. Some commercial, private banking or offshore (Guernsey, Jersey, Isle of Man) establishments also offer Faster Payments. The online Sort Code Checker can tell you whether the sort code you are sending a payment to is able to receive Faster Payments, Bacs Credits or CHAPS payments.