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how long does it take for a bank transfer

Telephone Banking has a maximum payment limit of £10,000.00. Payments made on a Saturday, Sunday or Bank Holiday will form part of the allowance for the next working day.

If you need to make a large value payment above the maximum payment limit, you can make a CHAPS payment through a branch. Remember to take your debit card and proof of identification with you.
Outside of these exception times the date displayed will be today, the payment will leave your account immediately, and will be available in the recipient bank within a few hours.

Online Banking has a maximum payment limit of :

  • £20,000.00 per working day for personal customers.
  • £50,000.00 per working day for premier customers.
  • £50,000.00 per working day for business customers.

If you are making a payment after 6.30pm, on a weekend, or a Bank holiday, the payment will normally leave you account immediately and be available in the recipient bank account within a few hours. The date displayed when making the payment and on your statement will be the next working day.
You can log in to Online Banking at (opens in a new window)
As long as you have enough money in the account you want to transfer from the transfer to your other online account will take place immediately. You can transfer up to £100,000.00 per transaction with a minimum limit of 1p. There is no daily maximum for the number of transfers you can make.

If you are a business customer who regularly makes larger payments than £20,000.00 then the Bankline (opens in a new window) service may be better suited to your needs.

Transfers between your accountsAs long as you have enough money in the account you want to transfer from the transfer to your other online account will

In a world in which everything seems to be instant, it can be a little perplexing that bank transfers are not. Rather, we can end up waiting for days for an electronic transaction to be processed. Why is this?

In some instances, banks can hold onto funds that have been transferred for a couple of days. This is particularly true for anomalous or large transactions. It’s to reduce the possibility of fraud and to ensure that the transaction was intended by the payer.
SWIFT is an international initiative that aimed to speed up international transactions. You can generally expect sums to appear in a recipient’s account in 1-3 days. However, in some circumstances, it can take as long as 10 – depending on which countries the transactions involve and the type of normal activity on your account.

Let’s have a look at the details.
Whilst Faster Payments is responsible for bank transfers within the UK, international bank transfers are usually processed by SWIFT or SEPA. These – respectively the Society for Worldwide Interbank Financial Telecommunication and the Single Euro Payments Area – obviously take a little longer.
How long does a bank transfer take? Well, that depends on the recipient.
Bank transfers from one UK bank account to another are, in the majority of cases, instant. As soon as you have confirmed the details of the transaction’s payee, the sum should arrive in their account.
Whilst, in the majority of cases, domestic bank transfers are instant, this is not guaranteed. Faster Payments explicitly aim to process every payment within two hours, but it can take longer.

Note: For information about transfer times with your Revolut account, check out our help forum topic: When will the money reach my Revolut account?

Wondering how long a bank transfer takes? Find out everything you need to know about bank transfer speeds in our blog.