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Making and receiving payments

Making and receiving payments

Where can I find out more about Payit™ and Open Banking?

Payit is a new, secure way to pay & get paid directly from your bank. Payit uses Open Banking technology which is available from most major UK banks.

For more details on Open Banking follow this link.

Where can I see the payments I have made or received via Payit?

Any payments made or received via Payit will be reflected in your Bank Statement.

How long does it take for the money to be taken out from or sent into my account?

Payit is a direct participant of Faster Payments, so once a payment is made money should be taken out of or sent into your account almost immediately. However, this can sometimes take up to two hours.

Is there a limit on how much I can pay & get paid with Payit?

There is no limit on how much you can pay & get paid. However, there may be a limit on how much your Bank allows you to transact. This is set by the Bank and is not a limitation placed by Payit.

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