Payment limits

Limits on open banking payments

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Open banking payments are driven by the Faster Payment limit for the bank and account type. A recent ruling from the regulator means that the limits on open banking payments should match the limits available to bank customers on other payment options.

The latest Faster Payments limits can be found here: Faster Payment Limits

The table below has been updated on the 22nd of April 2022.

Bank

Payment Limit

Notes

Bank of Ireland

£20,0000 for existing payees

For new payees, there is a £1,000 combined maximum for the first 48 hours

Bank of Scotland

£25,000

Different accounts might have individual limits

Barclays

Personal: £10,000 via app
Premier: £30,000 via app
Business: £50,000 via app

For new payees, there is a £2,000 limit for personal and £5,000 for Premier.

Clydesdale

£30,000 via app

Coutts

£1,000,000

Accounts might have specific limits

Danske

£10,000 via app
£15,000 via web

First Direct

£49,999.99

Halifax

£25,000

HSBC

£25,000

Lloyds

£25,000

Marks & Spencers

£25,000

Mettle

£10,000

Monzo

£10,000

Nationwide

£10,000

Natwest

Personal: £20,000
Premier: £20,000 via web
Premier: £50,000 via app
Business: £50,000
Bankline: £99,999.99

Limits can be amended by customers in their online banking for Personal and Premier.

Royal Bank of Scotland

Personal: £20,000
Premier: £20,000 via web
Premier: £50,000 via app
Business: £50,000
Bankline: £99,999.99

Limits can be amended by customers in their online banking for Personal and Premier.

Revolut

£250,000

Santander

Personal: £25,000
Business: £250,000

Smile

£19,999

Starling

£1,000,000

This will be subject to lower limits for individual customers

Tesco

£10,000

Tide

£50,000

TSB

£25,000

Ulster Bank

Personal: £20,000
Premier: £20,000 via web
Premier: £50,000 via app
Business: £50,000
Bankline: £99,999.99

Limits can be amended by customers in their online banking for Personal and Premier.

Virgin Money

£100,000

Yorkshire Bank

£30,000


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