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Faster payments - who can send and receive

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Faster payments - who can send and receive

edited 18 December 2011 at 10:45AM in Savings & Investments
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chris1chris1 Forumite
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edited 18 December 2011 at 10:45AM in Savings & Investments
It's been suggested that a list of which banks and building societies can send and/or receive faster payments would be a useful resource. I thought I'd start a new thread with this and keep the first post updated with the latest comments (in the same way that the Regular Saver thread works).

These are only listed where it's actually been tested, not just announced by the bank -

Able to SEND (up to £10K immediate payment)
- HSBC (including First Direct)
- RBS (including NatWest*)
- Barclays (amounts initially limited, now increased)*
- Lloyds (was available online, then withdrawn, currently sometimes available by telephone and more recently online again, though experiences are varied. Latest report is maximum transaction size £2500 and daily limit £10K.)
- Tesco*
- Halifax (but not always and amount limited) (part of Lloyds Banking Group)
- Marks and Spencer Money
- Nationwide (currently only up to £1000, excludes ATM bill payments)
- Co-operative (including Smile) (initial low limit trial now increasing)
- Yorkshire Bank (low initial limit)
* Those above marked with an asterisk will send faster payments outside banking hours e.g. during a weekend.

Able to receive
- HSBC (including First Direct)
- RBS (including NatWest)
- Abbey (Santander)
- Barclays
- Birmingham Midshires (part of HBOS)
- Co-operative (including Smile)
- Coventry BS
- Egg
- Halifax (part of HBOS, which is part of Lloyds Banking Group)
- ING
- Lloyds Banking Group
- Marks and Spencer Money
- Nationwide
- Tesco
- Ulster Bank
- Northern Rock (but can't pay funds out for 2 days, see post 69)
- Leeds Building Society (doesn't show online until next day)
- Newcastle BS (doesn't show online until next day, though with previous day's date)
- Market Harborough BS (doesn't show online until next day, though with previous day's date)
- Principality BS (doesn't show online until after midday next day)
- Saffron BS (but doesn't show online until next day, though with previous day's date)
- Sainsburys Bank (not known how long it takes to appear online)
- Yorkshire BS (including Barnsley BS) (doesn't show online until next day, though with previous day's date)
- Norwich & Peterborough BS (part of Yorkshire BS) (not known how long it takes to appear online)
- Britannia BS (part of Co-op) (not known how long it takes to appear online)
- Alliance & Leicester (certain sort codes only)
- Derbyshire BS (part of Nationwide BS) There are now reports that they are able to receive, though may be starting with smaller limits.

The APACS sort code checker will help to identify bank sort codes which can receive: http://www.ukpayments.org.uk/sort_code_checker/

HTH
«13456732

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