Faster Payments enablement guide - NatWest

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HOCA & Datalink Charges Collection Account charges There will be no change to how we charge you for Faster Payments transactions into your Collection Account. Transaction volumes will be captured in the same way as Bacs receipts and charged in line with agreed arrangements. Datalink/CAS file charges If you decide to enable your sorting code and have Faster Payments included in your existing daily CAS file, there will be no change to existing charging arrangements. If you opt for separate Faster Payments files (between one and five per day) then there will be an additional monthly fee for the Faster Payments file(s). This charge will be based on the number of files per day, plus a per item tariff. Charges are as follows: One file per day: £200 per month. Additional daily files: £100 per month. Maximum fee element: £500 per month. If you currently receive a periodic CAS file (e.g. weekly or monthly) and you wish to receive Faster Payments included in this file, the file frequency will require to be changed to daily. This will result in an increase to the monthly fee that you pay for the service, and this will be agreed with you on migrating to the daily service. There will be no change to the transactional charges for items reported in Datalink files. 8
Appendix A: Faster Payment Reversals Payment Reversals These transactions will only happen when there is a delay in the processing links between the receiving bank and the Central Infrastructure. If a receiving bank has not responded to the incoming payment within the agreed SLA, the Central Infrastructure will reverse the payment. Please see the diagram below for more information. To help you identify and reconcile these new types of transactions, we have introduced new transaction codes. Reversal transactions will be debits to your Collection Account sorting code. Currently Collection Account sorting codes only receive credit transactions. When you are enabled for Faster Payments you will also need to change your procedures to handle the new debit transactions in your Datalink file. You may wish to check your settlement account via Bankline or your statement to ensure that you identify any reversals. You will need to apply these to your own customer’s accounts. The incidence of reversals should be very rare and to reduce them further, NatWest will match reversal debits against the corresponding credit wherever possible without delaying your Datalink file. You should, however, make allowance for the possibility of reversal debits being reported in your file. Sending Bank 1. Payment out 2. Payment in Receiving Bank Central Infrastructure 3. Timeout no response 5. Rejection 4. Payment reversal 9
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Page 3 and 4: Receiving Faster Payments Existing
Page 5 and 6: Faster Payments options As a result
Page 7: Option 2 - Separate Faster Payments

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