Which banks can send Faster Payments and what is my bank's value limit
Faster Payments is the first new payments service to be introduced in the UK for more than 20 years.
To ensure that the service is launched smoothly, securely and with total reliability for customers, banks and building societies have been phasing the service.
All of the founding members are now sending and receiving faster payments, however, some may not be sending all types of faster payments. Only your bank can confirm the services that are available to you.
Below you will find the value limits and availability of the Faster Payments Service:
Can I make a one-off phone/internet Faster Payment?
|
Bank |
Availability |
Value Limit |
|
Alliance & Leicester |
Yes, phone and internet |
£250 |
|
Bank of Scotland |
Yes, phone and internet |
Retail customers- £2,500 Corporate customers- £10,000 |
|
Barclays |
Yes, phone and internet |
£10,000 |
|
Citibank |
Only available to corporate customers via Internet |
£10,000 |
|
Clydesdale (including Yorkshire Bank) |
Yes, phone and internet |
£1000* |
|
Co-operative |
Yes, phone and internet |
£1,500 |
|
Danske (Northern Bank) |
Yes, phone and internet |
£10,000 |
|
HSBC |
Yes, phone and internet |
£10,000 |
|
Lloyds TSB |
Yes, phone and internet |
Retail customers £10,000* Corporate customers |
|
Nationwide |
Yes, phone and internet |
£1,000 |
|
Northern Rock |
From 2010, for customers with saving accounts, via the internet |
N/A |
|
Royal Bank of Scotland (including Natwest & Ulster Bank) |
Yes, phone and internet |
£10,000 |
|
Santander UK plc |
Yes, phone |
£300 |
*Telephony limits available upon request.
Data last updated 19 July 2010
Will my regular Standing Order payment be processed as a faster payment?
|
Bank |
Availability |
Value Limit |
|
Alliance & Leicester |
No |
N/A |
|
Bank of Scotland |
Yes |
Retail customers- £1,000 Corporate customers- £100,000 |
|
Barclays |
Yes |
£100,000 |
|
Citibank |
Only available to corporate customers via Internet |
£100,000 |
|
Clydesdale (including Yorkshire Bank) |
Yes |
£25 |
|
Co-operative |
Yes |
£3,500 |
|
Danske (Northern Bank) |
Yes |
£100,000 |
|
HSBC |
No, Sept 2010 |
N/A |
|
Lloyds TSB |
Yes |
£1,000 |
|
Nationwide |
Yes |
£1,000 |
|
Northern Rock |
Yes |
£100,000 |
|
Royal Bank of Scotland (including Natwest & Ulster Bank) |
Yes |
£2,500 |
|
Santander UK plc |
Yes |
£1000 |
Data last updated: 19 July 2010
In addition to the 13 founding members of the Faster Payments Service, other banks and building societies may be enabling customers to receive and/or send faster payments. We have compiled a list of other financial institutions whose sort codes support faster payments being made to their accounts. You will need to check with your own bank or building society if you want to ensure that you can send a payment from your account at one of these institutions.
Some of the founding members have separate commercial, private banking or offshore (Guernsey, Jersey, Isle of Man) establishments which will offer faster payments. Whilst these banks are not included in the list below, you can use the sort code checker to find out if the account you are sending to can receive faster payments.
AHLI United Bank (UK) Plc
Alliance & Leicester Commercial Bank
AMC Bank Ltd
Arbuthnot Latham and Co Ltd
Banif- Baco Internacional do Funcha
Bank Leumi (UK) Plc
Bank of Cyprus UK
Bank of East Asia Ltd
Bank of Ireland
Bank of London and the Middle East Plc
Bank of Scotland trading as Birmingham Midshires
Barclays Private Clients International Ltd
BNP Paribas
C Hoare & Co
CIMB Bank Berhad
Commerzbank AG
Coutts & Co
Coventry Building Society
Cumberland Building Society
DBS Bank Ltd
Deutsche Bank AG
Dexia Private Bank Jersey Ltd
DNB NOR Bank ASA
Duncan Lawrie Ltd
EFG Private Bank Ltd
EGG Banking Plc
Fairbairn Private Bank (IOM) Ltd
Fairbairn Private Bank Ltd
First Commercial Bank
GE Capital Bank Ltd
Godiva Mortgages Ltd
Guaranty Trust Bank (UK) Ltd
Habib Bank AG Zurich
Halifax
Handelsbanken
Hanley Economic Building Society
Harrods Bank Ltd
HFC Bank Ltd
HSBC Private Bank (UK) LTD
ING Bank NV
Investec Bank Plc
Isle of Man Bank Ltd
J P Morgan Europe Ltd
Jordan International Bank Plc
JP Morgan Chase Bank
Julian Hodge Bank Ltd
Korea Development Bank - London Branch
Korea Exchange Bank
Lloyds TSB Bank (Guernsey) Ltd
Lloyds TSB Bank (IOM) Ltd
Lloyds TSB Bank (Jersey) Ltd
Lloyds TSB Offshore
Lloyds TSB Private Banking Ltd
Lloyds TSB Scotland Plc
Mashreq Bank PSC
MBNA Europe Bank Ltd
Metro Bank Plc
National Westminster Bank Plc
Nedbank Ltd
Newcastle Building Society
Nordea Bank Finland Plc
Northern Bank Ltd
Philippine National Bank (Europe) Plc
Progressive Building Society
R Raphael & Sons Plc
RBS One Account
Reliance Bank Ltd
Rothschild Bank International Limited
S G Hambros Bank & Trust Ltd
S G Hambros Bank (Channel Islands) - Guernsey
S G Hambros Bank (Channel Islands)
SG Hambros Bank (Gibraltar) Limited
Shepshed Building SC
Skandinaviska Enskilda Banken AB (Publ)
Standard Chartered Bank
State Bank of India
Swansea Building Society
T C Ziraat Bankasi AS
Tesco Bank
Tesco Personal Finance Plc
The Bank of Tokyo-Mitsubishi UFJ, Ltd
The Royal Bank of Scotland International Ltd
The Royal Bank of Scotland N.V
The Woolwich
Triodos Bank NV
Ulster Bank Ltd
Unicredit Bank AG
Unicredito Italiano SPA
United National Bank Ltd
Virgin Bank Ltd
Weatherbys Bank Ltd
Wesleyan Bank Limited
Yorkshire Bank
Yorkshire Building Society
Zenith Bank (UK) Ltd
Agency banks last updated 20 May 2010