On most Lloyds accounts you can send up to £25,000 a day by Faster Payments in the app, online banking or by phone. In a branch you can send up to £250,000 a day with valid identification, and for larger or time-critical payments Lloyds offers CHAPS in branches for a fee.
This page is part of our guide to Lloyds Bank. The figures below are Lloyds’ own; it says limits may vary if you have an Under 19s, Lloyds Premier or Private Bank account.
Lloyds daily payment limits
| Payment | Online and app | Phone | Branch |
|---|---|---|---|
| Faster Payments (to another UK account) | Up to £25,000 | Up to £25,000 | Up to £250,000 with valid ID |
| New standing orders (and increases to existing ones) | Up to £25,000 | Up to £25,000 | Up to £100,000 |
| CHAPS | Not available | Not available | Branch only, £25 fee per payment |
| Cash | Cash machines and cashback: up to £800 | No limit |
Cash has its own page: see the Lloyds ATM limit for how the cash machine and cashback allowance works.
What counts towards the limit
Lloyds applies the daily limit to each account separately, and it resets at 11.59pm each day. Its rules on what counts:
- Counts: payments from one account to another (including ones you set up for a future date), new standing orders, increases to existing standing orders or future-dated payments, and some open banking payments.
- Doesn’t count: transfers between your own Lloyds accounts, cheques, direct debits and CHAPS payments.
Worked example. This morning you set up a £2,000 payment to go out next week. That counts against today’s limit even though the money hasn’t left yet, so on a £25,000 online limit you have £23,000 left for the rest of today. Moving money from your Lloyds savings account into your current account first wouldn’t use any of it, because transfers between your own Lloyds accounts don’t count.
How to change your limit
Lloyds lets you set your own daily Faster Payments limit anywhere up to your account’s product limit, which it says is £25,000 for most of its accounts. Setting it lower is a simple way to cap how much could leave your account in a day if someone got into your banking.
In the Lloyds app:
- From your account, open the “More” menu, then “Payments and transfers”.
- Select “Choose who to pay”, pick the account you’re paying from and select “Manage payment limit”.
- You’ll see how much you have left to send today. Select “Change daily limit” and set the amount.
Online banking works the same way from “Payment and transfers”. Lloyds says the change is instant, and the highest limit you can choose is shown when you update it.
Sending more than the online limit
You have three options, all of which involve a branch or a different payment method:
- Faster Payments in a branch: up to £250,000 a day with valid identification. Lloyds says a Faster Payment usually arrives on the same day within two hours, and there’s no fee.
- CHAPS in a branch: Lloyds suggests CHAPS when a payment must arrive by a set date, such as a house purchase (the rules are below).
- Splitting the payment over several days, if the recipient doesn’t need it all at once.
CHAPS with Lloyds. Lloyds only offers CHAPS in branches, for a fee of £25 per payment.
- A request made before 4.25pm on a working day arrives the same day.
- Requests made after 4.25pm, at weekends or on bank holidays are processed the next working day.
- Lloyds can't guarantee a CHAPS payment to another Lloyds Banking Group account will arrive the same day.
Our guide to how long a CHAPS payment takes explains how CHAPS works across UK banks.
Paying someone new
When you add a new payee in the Lloyds app or online banking, Lloyds checks the name you enter against the account before you send. It may ask you for more information about the payment, and in online banking it calls you and asks you to key in a four-digit number shown on screen. You can send the payment straight away or date it up to 31 days ahead. Lloyds says new payments normally arrive within two hours and it can’t cancel a payment once it has been made.
Lloyds says it will never ask you to move money to a so-called safe, secure or holding account, or to a new sort code and account number. Treat anyone who asks as a likely scammer; our guide to bank scams explains how these scams work and what to do if you’ve already paid. To report fraud to Lloyds, use the numbers on our Lloyds customer service page. If you need a payee’s Lloyds details, our Lloyds sort code guide explains what they look like.
Standing orders
Setting up or increasing a standing order online counts towards a daily limit of up to £25,000, or up to £100,000 in a branch. If you’re deciding between a standing order and a direct debit for a regular bill, see our direct debit vs standing order guide.