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The Clearing House raises RTP transaction limit to $10M

Bank Automation

The Clearing House raised the transaction limit on its Real Time Payments network to $10 million, opening the door for new uses of the rail for commercial transactions.

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

Fintech Finance

Today, The Clearing House and BNY (NYSE: BK), announced the successful completion of the largest instant payment in U.S. history and the first-ever payment on the RTP network exceeding $1 million, following the recent increase in the networks transaction limit.

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BofA Clients Embrace New $10 Million Limit in U.S. Real-Time Payments

Fintech Finance

Recent action from The Clearing House to increase the transaction limit on real-time payments from $1 million to $10 million is fueling new use cases in business-to-business payments among Bank of America clients. real-time payments the company is processing. Federal Reserve.

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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. Federal Reserve. financial industry.

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Will Real-Time Payments Increase Financial Crime in the USA?

FICO

The Clearing House Association announced in January 2020 that on February 1 st the limit for a single transaction using their RTP scheme will increase from it’s current $25,000 to $100,000. US payment schemes operate in a uniquely competitive environment. How RealTime Payments Impact Financial Crime.

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RedCompass Labs Reveals 8 in 10 US Banks are Happy With RTP and FedNow Instant Payments Limits

The Fintech Times

Instant payments are becoming significantly more attractive for US banks finds RedCompass Labs , the payments experts, as it finds that 84 per cent of US banks say the new $10million Real-Time Payment (RTP) network limit and $500,000 FedNow cap are a good thing.

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Bank of America clients take advantage of RTP’s $10M limit

Bank Automation

Bank of America clients are taking advantage of the higher transaction limit on The Clearing House’s Real Time Payments network. The transaction limit was raised to $10 million from $1 million, effective Feb. 9, according to The Clearing House.