The Faster Payment System in the UK allows you to make quicker electronic payments or transfers. As long as the receiving bank uses Faster Payments too, one-off payments can be processed almost immediately. In some cases may take up to 24 hours.
This service is available 24/7, free of charge.
As Faster Payments are processed in a matter of seconds, once the money has left your account, it cannot be stopped or reversed. Please always make sure you are sending a Faster Payment to the right account.