How much can I send?

It is now possible to send an individual payment of up to £1 million using the Faster Payments Service. Further limits apply, depending on who you bank with and the type of account you have. 

I have a personal account. How much can I send?

Banks and building societies set their own limits for their customers depending on the type of account you hold, and the way you initiate the payment (e.g. online, on the phone or in a branch).

Transaction limits for the 38 banks and building societies that connect directly to the Faster Payments Service are listed here, for both personal and business/ corporate accounts.

My bank isn’t a member of Faster Payments, how much can I send?

Every bank and building society in the UK is now able to send and receive Faster Payments, with over 400 connecting indirectly to the service through a sponsor bank. 

If your bank or building society is not listed as a direct participant, you should contact them directly to check your limit.

How can I be sure the account I am sending to accepts Faster Payments?

Every UK bank and building society is now able to send and receive Faster Payments. However, a very small number of accounts (less than 0.1%), such as some savings accounts, do not accept Faster Payments.

You can check if the account you want to send a payment to accepts Faster Payments by using our sort code checker.

I want to send more than my bank’s transaction limit. What should I do?

It’s a good idea to contact your bank or building society in advance if you are planning to send any large value amount(s) in a single day as most types of account have a daily limit on the total amount you can send.

If you are unable to send the amount you want through Faster Payments, your bank or building society will be able to advise you on the alternatives that are available.