Business Banking

Faster Payments

On the 21st September 2018 The Access Bank UK Limited joined the Faster Payments scheme as a direct participant. As a customer you are able to receive and send Faster Payments into and from your account. This enables much quicker sterling denominated payments between your account and other UK banks and building societies.

  • A Faster Payment can normally be made 24 hours a day, 7 days a week, and 365 days of the year.
  • A payee will usually receive the payment immediately, however it may take up to two hours.
  • Payments can be made through Online Banking or by telephoning the Bank.
  • There is a maximum limit for Online Banking payments, for personal customers the limit is £10,000, for Business (Corporate) customers the limit is £100,000.
  • Should you wish to send a Payment above the Online Banking limit you will need to speak with your Relationship Manager, alternatively you can call our support team on 0333 222 4516 or +44 1606 813 020 (if calling from outside the UK). The maximum limit for these payments is £250,000, which is the limit set by the Faster Payment scheme.
  • Payments above £250,000 will be sent via CHAPS.

Faster Payments is supporting the launch of a major new campaign designed to tackle Financial Fraud. For further information and to check if you can send and receive a Faster Payment visit UK Payments Website.

Availability/Cut-Off Times

  • Telephone Banking is available Monday to Friday between 9am – 5pm (excluding UK Bank Holidays).
  • Online Banking is available 24/7.
  • Alternatively you can telephone the Bank between 9am-5pm (excluding Bank Holidays) Payments are subject to cut-off times.
  • Cut-off times are how far in advance you must submit your payment request to us, so that we can send the funds on the date you have requested. Cut-off times vary according to the payment type and the currency you are sending. If you make your payment after the cut-off time, we will process your payment on the next working day. (See table below).
  • Payments are subject to internal control checks and may require contact with authorised signatories to verify payment details.
Type of Payment Method of Payment Cut-off Time
Faster Payment By Telephone
Online Banking
3.00pm
6.00pm
CHAPS By Telephone
Online Banking
3.00pm
6.00pm
International GBP/EUR By Telephone
Online Banking
2.00pm
2.00pm
International USD By Telephone
Online Banking
3.00pm
6.00pm
Own Account and Inter Account Transfers (between Accounts held at The Access Bank UK Limited) By Telephone
Online Banking
3.00pm
Immediate - 24/7

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