Both payment networks and consumer banks impose 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:
| 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. |
For other providers, you may be able to find limits on the Provider's website.