- The RTP® network has raised the individual transaction limit to $10 million, effective February 9, 2025, to support business sectors like real estate, supply chain payments, and B2B transactions.
- The increase replaces the $1 million limit set in 2022, meeting the growing needs of corporate customers.
What happened: RTP network raises transaction limit
The Clearing House, operator of the (Real-Time Payments) RTP® network, has announced a significant increase in the individual transaction limit to $10 million, effective February 9, 2025. This move aims to support growth in sectors like real estate, supply chain payments, and business-to-business transactions, which require larger payment amounts.
The decision follows feedback from corporate customers who need to send higher-value instant payments to meet increasing business demands. Matt Richardson, EVP at Citizens, highlighted that the new limit would allow corporate customers to make payments for various needs, including those outside traditional business hours. The $10 million cap replaces the previous $1 million limit set in April 2022. It will benefit areas such as real estate, merchant settlements, supply chain payments, and cash concentration, facilitating faster and more flexible payments.
Since its launch, the RTP network has processed over $500 billion in instant payments, with more than 285,000 businesses using the platform monthly.
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Why it is important
The increase in RTP network’s transaction limit to $10 million is a crucial step for businesses. It addresses the growing need for larger instant payments in sectors like real estate, supply chains, and business-to-business transactions. With this move, companies can now make higher-value payments more efficiently, especially beyond traditional business hours.
The $10 million cap, effective from February 2025, replaces the previous $1 million limit, reflecting the feedback from corporate users who require faster, larger transactions. This change will enhance operational flexibility and streamline processes like merchant settlements and supply chain payments.
By supporting real-time, higher-value payments, the RTP network ensures businesses can meet today’s fast-paced economy. It also offers a competitive edge, helping companies optimise cash flow and increase transaction speed, thus reinforcing the network’s role as a key player in modern payment systems.
