What existing payments will become Faster Payments?
The Faster Payments Service will support: • Single payments – near-real time payments which you can make and receive – any time, every day. The payment limit is 10,000. • Future Dated Payments – Single payments that you set up via Anytime Business Banking for a date in the future will be processed same-day up to a payment limit of 10,000. They will continue to be processed on bank working days only. • Standing orders – regular planned payments which now take three days to move between banks will become same-day payments, up to a limit of 100,000. They will continue to be made on bank working days only.
