Faster Payments - Savings Accounts

buffman

Many savings accounts are beginning to allow withdrawals to be made by Faster Payments. However different institutions limit the maximum amount permitted in a single transaction (e.g. First Direct has a transaction limit of £10k) or have a daily limit (NatWest has a daily limit of £10K). The ability of a savings account to make Faster Payments on fairly large sums increases the attractiveness to savers as they will not lose interest while money is being transferred. Is there anywhere a comprehensive list of the maximum amount different institutions permit to be withdrawn by this method?

alanq

This only covers the major institutions.

http://www.chapsco.co.uk/faster_payments/-/page/fpslimits/