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The Faster Payments service allows payments to move between your account and most other UK bank accounts quickly and securely when you use Internet Banking or Telephone Banking – often at the touch of a button, and usually within a matter of hours.
As there are usually some same-day limits for Faster Payments, this service is ideal for lower value payments. Payments made through Telephone Banking or Internet Banking which are over the same-day limit will be processed overnight and will reach the recipient’s account the business day after the payment instruction was received by us.
If you need to check whether the sort code you wish to send money to can receive payments through the Faster Payments Service, please check the UK Payments Administration Sort Code Checker .
Business Internet Banking
If you choose the ‘pay as soon as possible’ option when you make a payment online we'll check to see if the sort code you are sending your payment to is Faster Payment enabled, and if it is, the payment should be completed within 2 hours. If the person or company you are paying isn't able to receive Faster Payments, you won't be able to make the payment online.
You can request Immediate and Future Dated Faster Payments as part of the standard Corporate Online banking service.
Personal account access
For those personal accounts where you can currently make payments via Business Internet Banking to organisations outside of Halifax or Bank of Scotland, the Faster Payments Service will be available. For those accounts where you can only view or transfer funds to another account within your access, the Faster Payment facility will only be available through the Personal Online Service, provided the account is registered for these services.
Personal Banking customers can find further details of this new service here.
Keep visiting this page for up-to-date information on Faster Payments.
Further information is also available at www.ukpayments.org.uk
If you are already registered for Business Internet Banking or Corporate Online, you can start making Faster Payments now.
You can make Faster Payments using Telephone Banking by calling 0845 300 0268.
If you would like more information about Telephone Banking or Business Internet Banking, please call us on 0845 300 0268.
For more information about Corporate Online, please call 0845 603 2408.
If you'd like to bank with us, please call 0845 606 0286.
Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.
Please note that any data sent via e-mail is not secure and could be read by others.
Bank of Scotland plc Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Authorisation can be checked on the Financial Services Register at www.fca.org.uk under the Firm Registration Number 169628.
We subscribe to The Lending Code; copies of the Code can be obtained from www.lendingstandardsboard.org.uk
Bank of Scotland plc is covered by the Financial Services Compensation Scheme and the Financial Ombudsman Service. (Please note that due to the schemes' eligibility criteria not all Bank of Scotland business customers will be covered by these schemes.)
The Lloyds Banking Group includes companies using brands including Lloyds Bank, Halifax and Bank of Scotland and their associated companies. More information on the Lloyds Banking Group can be found at lloydsbankinggroup.com.
This site is intended for UK residents unless otherwise stated.
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