Only partially correct, it depends on the bank and the account type...
Barclays Personal: £10,000 Premier: £30,000 Business: £50,000 (new payee has a £2,000 limit for Personal accounts, and £5,000 to Premier accounts)
Lloyds Banking Group (Lloyds, Halifax and Bank of Scotland) £25,000 (differs for Websaver or Express Cash accounts)
NatWest Group (RBS, NatWest and Ulster) £20,000 (differs depending on the payment journey, type of account, and the use of a card reader)
HSBC £25,000
Santander £250,000
Nationwide £10,000
Danske £25,000
AIB UK £20,000 (differs depending on the authentication method)
Revolut £250,000 (daily and weekly limits based on tier)
Etc.
Cool list but those Barclays numbers are wrong. I sent a £100k free CHAPS payment online on Monday.
I suspect the other numbers are equally irrelevant if they only refer to Faster Payments.
Yep, payment rails will make a difference, sending a CHAPS payment online is news to me as this was only over the phone/in-branch previously.
If anyone wants bank-specific workarounds for sending large payments then shout.
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Only partially correct, it depends on the bank and the account type...
Barclays
Personal: £10,000
Premier: £30,000
Business: £50,000
(new payee has a £2,000 limit for Personal accounts, and £5,000 to Premier accounts)
Lloyds Banking Group (Lloyds, Halifax and Bank of Scotland)
£25,000 (differs for Websaver or Express Cash accounts)
NatWest Group (RBS, NatWest and Ulster)
£20,000 (differs depending on the payment journey, type of account, and the use of a card reader)
HSBC
£25,000
Santander
£250,000
Nationwide
£10,000
Danske
£25,000
AIB UK
£20,000 (differs depending on the authentication method)
Revolut
£250,000 (daily and weekly limits based on tier)
Etc.