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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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Payments regulation roadmap: Q3 2025​

The Payments Association

Pilot innovative authentication methods – such as biometric or tokenised transaction models – within risk-based guardrails, with a focus on fraud performance and user experience metrics. Respond to ECB consultation on user experience, dispute handling, and transaction limits to influence final FPS standards.

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Bottomline: The Watershed Hurdles B2B RTP Must Clear

PYMNTS

Thus far, commercial payments have lagged behind P2P transactions, finding traction across use cases such as replacing cash on delivery (and where Mastercard has just introduced Pay on Delivery ), making insurance payouts to consumers or paying wages to employees and gig workers.

RTP
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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.

RTP