Remove Funds Availability Remove Transaction Limits Remove Treasury
article thumbnail

BNY Sends Largest Instant Payment in U.S. History, $10 Million Following Transaction Limit Increase

Fintech Finance

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.

article thumbnail

5 Best Business Savings Accounts for 2024

Stax

These might include free business advice, options to set up joint account holders for partnerships, higher transaction limits, or bundled products and services that offer cost savings. These accounts are tailored to meet the unique needs of businesses, such as higher transaction limits and potential for earning interest.

article thumbnail

Moving $10mil Instantly: BNY Mellon Completes Record Funds Transfer as RTP Networks Extends Limit

The Fintech Times

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.

RTP 59