Payment limits

Some banks have limits on high-value outgoing transactions

While Open Banking uses the Faster Payments Network, which has a payment limit of £1,000,000, consumer banks often impose lower limits on outgoing transactions. These limits can depend on:

  • the type of account
  • the number of other transactions made during the day
  • the amount of money in the account
  • whether this is a first-time payment to the payee account
  • the payment context code

In rare cases, some bank account types may have specific requirements around reference formats for incoming payments. Please check with your bank whether these restrictions apply to you.

Below is a list of default outgoing payment limits per provider. You can find a full list here.

Provider

Payment limit

Notes

Bank of Scotland

£25,000

Limits may differ depending on account type, and the payee business.

Barclays

£50,000 for online banking

£10,000 for Personal current accounts when using an app

£30,000 for Premier accounts when using an app

£50,000 for Business accounts when using an app

There is a £2,000 limit for Personal accounts and £5,000 for Premier accounts when paying a new payee.

Clydesdale

£30,000 using an app

£500 using a One Time Password via online banking

Coutts

£1,000,000

Accounts may have lower approval limits.

Cumberland Building Society

£10,000

First Direct

£49,999

Halifax

£25,000

HSBC

£25,000

Lloyds

£25,000

Monzo

£10,000

This limit can be increased by getting in touch with Monzo's support team.

Nationwide

£10,000

NatWest

Personal: £5,000*

Business: £50,000

Premier, via Online Banking: £20,000*

Premier, via mobile app: £50,000*

*These limits can be amended by customer in their Online Banking.

Royal Bank of Scotland

Personal: £5,000*

Business: £50,000

Premier, via Online Banking: £20,000*

Premier, via mobile app: £50,000*

*These limits can be amended by customer in their Online Banking.

Revolut

£250,000

Santander

£25,000

Starling

£25,000

TSB

£25,000

Ulster Bank

Personal: £5,000*

Business: £50,000

Premier, via Online Banking: £20,000*

Premier, via mobile app: £50,000*

*These limits can be amended by customer in their Online Banking.


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