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First Direct Faster Payment Limit?

Hominu
Posts: 1,671 Forumite
I can't seem to find this, obviously its out there somewhere, but I don't know where. I've checked the T&Cs and although they talk about FPs, no limits are discussed.
It seems like it's a 10K limit for instant payments, and anything over that is sent next day, but I'd like to know the official limits.
It seems like it's a 10K limit for instant payments, and anything over that is sent next day, but I'd like to know the official limits.
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Comments
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It's £10k.
http://www2.firstdirect.com/content_static/pdf/account_terms_prosp.pdf
Search page for "Faster" and you'll come to a table about cut off times. It says:
"11.45 for faster bill payments.
7.30pm for all other bill payments of £10,000+"
Whilst this doesn't actually say £10k is the limit it's strongly implied.What will your verse be?
R.I.P Robin Williams.0 -
You could use their famed Customer Service for an authoritative answer for free on [FONT="]0800 24 24 24[/FONT]0
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10K for immediate, limitless if you can wait 2 business days. I've sent 40K Monday night and it's arrived Tuesday morning. I'd expect payments over a weekend to arrive Tuesday as well. Considering some banks limit you to an amount per day I find this very flexible.0
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It's 10K. You might find this link useful:
http://www.paymentscouncil.org.uk/resources_and_publications/faster_payments_value_limits/
You can also split a payment if you need to - I did this the other week and both went through immediately with no problems.0 -
I am pretty sure I did several £10Ks on the same day from First Direct before, when I shifted money from one savings account to another.
As someone already said - - call them and you will know for certain.0 -
Just so you know, I called them and got all the payment limits, rather than just faster payments:
Internal Transfers £999,999
Faster Payment £10,000 per transaction (you can make as many per day as you like)
Other Payment £49,999 per transaction (you can make as many per day as you like, will arrive on the 2nd working day after payment, so if made this morning, the 30th May, will arrive by 31st of May)
Standing Order Payment £5,000
CHAPS Payment £no limit. £25 charge.
SEPA Payment £no limit. £9 charge.0 -
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In online banking a link to the above table is provided alongside the amount box when making a payment.0
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