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Faster Payment
A UK-based payment scheme enabling near-instant bank transfers in British Pounds. Available 24/7, it supports real-time settlements between participating financial institutions, making it ideal for quick domestic payments.
Local transfer
About Faster Payments
Faster Payments is a UK-based banking service that allows near-instant GBP transfers between accounts. It operates 24/7, including weekends and holidays, making it ideal for fast domestic payments.
How it works
Payments are typically received within seconds.
Available at any time, including nights and weekends.
Supported by most major banks and financial providers in the UK.
Example:
A customer in London transfers GBP to a business account on a Sunday evening. The funds are received instantly, even outside traditional banking hours.