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.