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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.

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Higher Limits Power B2B Real-Time Payment Volumes

Trade Credit & Liquidity Management

The Clearing House raised the real-time payments (RTP) transaction limit from $1 million to $10 million in February 2025. Since the increase, Bank of America (BofA) reports that transactions over $1 million now account for more than half the total value of U.S. real-time payments processed for corporate clients.

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Bottomline: The Watershed Hurdles B2B RTP Must Clear

PYMNTS

As real-time payments (RTP) gain traction with consumers via peer-to-peer (P2P), the pump may be primed for business-to-business (B2B) transactions to follow suit. Key among those conduits, of course, is the Clearinghouse RTP network, where commercial real-time payments made their debut in the U.S. roughly two years ago.

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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.

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