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  6. What is a Faster Payment and is there a transfer limit?

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What is a Faster Payment and is there a transfer limit?

A faster payment is an electronic payment which can be processed 24/7 and should normally reach the payee's account immediately.

The bank's Faster Payment single payment limit is £100,000. If you need to send any amount above this as a lump sum, this will need to be sent as a CHAPS transfer.

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