Faster Payments enablement guide - NatWest

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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. 6
Datalink Charges Datalink/ISO8583 file charges As you are required to take 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 Agency Clearing charges There will be no change to how we charge you for Faster Payments transactions into your Agency Clearing sort code. Transaction volumes will be captured in the same way as Bacs receipts and charged in line with agreed existing arrangements. 7
Page 1 and 2: Faster Payments enablement guide Ag
Page 3 and 4: Receiving Faster Payments Impact Yo
Page 5: File Frequency As Faster Payments m
Page 9: Appendix B: Faster Payments ISO8583

Faster Payments enablement guide - NatWest

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