Faster Payments

Faster Payments is an electronic payment system that allows you to make lower value payments in a matter of hours.

Make a Faster Payment

Log in to Business Internet Banking (BIB) to make a Faster Payment.

Log in to BIB

Features and benefits

  • Quick way to make payments – funds arrive within 2 hours
  • Improve your cashflow – schedule payments in advance
  • Automate when sending to eligible accounts
  • Make payments online, over the phone or in branch

Need to know

To make a Faster Payment, you'll need the recipient’s:

  • sort code
  • account number
  • full name or company name
  • Charges for making Faster Payments will apply, depending on the Business Account tariff that you have.

    Internet banking platform

    Charges

    Internet banking platform

    Business Internet Banking

    For clients with a turnover of £0-3m

    Business Current Account

    Charges

    Free

    Internet banking platform

    Business Internet Banking

    For clients with a turnover of £3-25m

    Business Extra Tariff

    Charges

    £0.32

    Internet banking platform

    Business Internet Banking

    For clients with a turnover of £3-25m

    Electronic Business Tariff

    Charges

    Free

    Internet banking platform

    Commercial Banking Online

    Charges

    £5.00

  • Cut off times apply to Faster Payments

    When payments are made after the cut off time funds will be credited the next business day.

    Internet banking platform

    Cut-off time

    Internet banking platform

    Business Internet Banking

    Cut-off time

    22:00

    Internet banking platform

    Telephone banking

    Cut-off time

    22:00

    Internet banking platform

    Commercial Banking Online

    Cut-off time

    23:55

    Internet banking platform

    Corporate Online

    Cut-off time

    17:45

Commercial Banking Online users

Log in to Commercial Banking Online (CBO) to make a Faster Payment, for clients registered for CBO.

Log in to CBO

Make a Faster Payment

Log in to Business Internet Banking (BIB) to make a Faster Payment.

Log in to BIB

Log in to Commercial Banking Online (CBO) to make a Faster Payment, for clients registered for CBO.

Log in to CBO

Other ways to make a Faster Payment

You can make a Faster Payment using telephone banking.

0345 300 0268

You can make a Faster Payment in branch.

Find your nearest branch