Funds Availability Settlement Transaction Limits 
Fintech Finance
FEBRUARY 10, 2025
history and the first-ever payment on the RTP network exceeding $1 million, following the recent increase in the networks transaction limit. On February 9, the RTP networks transaction limit increased from $1 million to $10 million, enabling businesses to send larger payments instantly, 24/7.
Fi911
AUGUST 1, 2023
In the words of Federal Reserve Chair Jerome Powell , presented to the House Financial Services Committee on March 8, “FedNow will enable all banks in the United States — irrespective of their size — to offer real-time payments and instant fund availability to their customers.” FedNow is accessible to all banks and credit unions.
The Fintech Times
FEBRUARY 11, 2025
The payments system provider, The Clearing House , extended its transaction limit for funds transferred on the Real-Time Payments (RTP) Network from $1million to $10million. On 9 February, the RTP networks transaction limit increased from $1million to $10million, enabling businesses to send larger payments instantly, 24/7.
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