traditional London, United Kingdom
Faster Payments
UK's 24/7 real-time payments scheme enabling near-instant bank-to-bank transfers between participating banks and PSPs. Operated by Pay.UK via subsidiary Faster Payments Scheme Limited; the per-payment limit was raised from £250,000 to £1 million in February 2022. Processed 3.4 billion payments worth £2.6 trillion in 2021.
Visit Website is an external link — we may earn a commission
Fees from
Free for consumers; bank fees for businesses
Settlement
Near-instant
Coverage
1 country
Payment methods
1
Dev tools
Sandbox Webhooks
Fees shown are indicative, not a binding quote. Always verify directly with Faster Payments before signing.
Best for
UK Instant Bank Transfers
Key features
Instant Payments
Low Fees
Not sure Faster Payments is the right fit?
Answer a few quick questions and get matched with providers that fit your business — free.