Faster Payments enablement guide - NatWest

Faster Payments files
File collection: Daily Reports
As the bulk credit cut off time will be 18.30 daily, to assist your reconciliation, you will be required to take as
a minimum a mandatory file after 18.30 each day.
You will have the option of selecting up to five files per day at the following times:
File cut off time
Latest time
file available
Optional or
Mandatory file
Types of payments received
07.00 08.00 Optional Standing Orders (>90% of total Forward Dated
payments and SIPs)
12.00 13.00 Optional Standing Orders, Forward Dated payments and SIPs
15.30 16.30 Optional Standing Orders, Forward Dated payments and SIPs
18.30 19.30 Mandatory All Faster Payments received intra day or the balance
if taking other files throughout the day
22.00 23.00 Optional SIPs received since 18.30
Impact
Additional files will allow you to update your customer accounts/records during the day on which they are received.
File collection time
Files can be collected as shown one hour after they are ‘cut off’ in our systems.
During this time we will also match off any Faster Payment Reversal Debits against your Faster Payments Credits
to minimise (and we expect in most instances to eliminate) the number of Reversal Debits you may receive.
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