Idea
Introducing Faster Payment Services (FPS) at iFAST Global Bank
by
iFAST Global Bank
Today, iFAST Global Bank is sharing some exciting news about our banking services. In line with our commitment to providing innovative solutions and providing a better user experience, we are delighted to introduce our latest feature: Faster Payments Services (FPS).
You can now enjoy the real time electronic transfers. Most payments are available instantly, although they may sometimes take up to 2 hours.
What is Faster Payments?
Introduced in 2008, Faster Payments aimed to facilitate the payments securely between bank accounts within the UK through mobile devices, the internet, and standing order payments.
How long do Faster Payments usually take?
Payments usually arrive in the payee‘s account instantly, or within a couple of seconds. Sometimes Payments can take up to a few minutes to reach the intended destination, and it is uncommon to take longer than two hours.
What is the transfer limit of iFAST Global Bank via Faster Payments?
You can send up to £25,000 per transaction under the Faster Payments, with a daily limit of £100,000. You can process payments using our mobile app or website portal.
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iFAST Global Bank is a member of the Financial Services Compensation Scheme (FSCS).
iFAST Global Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 716167. We are registered in England and Wales, our company number is 4797759.
Please note that the provided details serve as general information and should not be considered as financial advice or endorsements. We strongly advise customers to diligently carry out their own research and consider seeking expert guidance for tailored financial choices.
