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When will an online Faster Payment reach the payee?

A same day Faster Payment is usually sent immediately and should be with the beneficiary bank within 2 hours.
A future dated Faster Payment is usually sent on the morning of the due date.
In either case, the credit will be applied to the payee account at the discretion of the beneficiary bank and its value time is not guaranteed.
Once sent, a Faster Payment cannot be recalled.
If a payment has been made in error and there is no way of contacting the beneficiary, we will liaise with the beneficiary bank to help the recovery. Please note there is no guarantee the funds will be recovered.
Payments will be delayed if there are insufficient funds on the debiting account.
Payments maybe delayed for fraud monitoring purposes.

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