RTP Transaction Limit to Increase in 2025

The Clearing House, the operator of the RTP^® network, the largest instant payments system in the United States, will raise the individual transaction limit to $10 million effective February 9, 2025. The RTP transaction limit has been $1 million since April 2022, when the limit was increased from $100,000.

The $10 million transaction limit on the RTP network provides the ability to send larger payments for many business reasons, including:

• Real Estate/Title Insurance: Commercial and higher-value residential real estate payments can be sent instantly, 24/7, which allow for closings after business hours or on weekends.
• Merchant Settlement: Larger merchants and retailers can receive daily instant payments, instead of more traditional merchant payouts that are received a day or more later.
• Supply Chain: Manufacturers can pay suppliers instantly so products and supplies can be shipped sooner.
• Cash Concentration: Businesses can move funds to a single account to optimize liquidity or consolidate funds at month or quarter end.

Participants will be able to start testing the increased limit in the RTP network’s Bank Test environment on December 9, 2024.  Please note that: 

• Sending participants may elect to set lower transaction limits based upon their own risk tolerance.  

• All participants will need to ensure their systems are set up to receive up to the new $10 million transaction limit. 

Click Read More below to see the complete press release.