Digital Transactions

The Clearing House Payments Co. LLC, operator of the Real Time Payments network, said Thursday that it will raise the RTP transaction limit from the current $25,000 to $100,000 effective Feb. 1.

Steve Ledford, TCH senior vice president of product strategy and development, says the limit is being raised “because there is demand for it, that’s the simple answer.” He says TCH frequently gets requests from bank treasury-management executives saying their customers “need to send more than $25,000. Or, when we talk to corporate practitioners, that’s No. 1 on their list.”

New York City-based TCH’s move mirrors an impending transaction-limit increase on the automated clearing house network for same-day ACH settlements. ACH governing body Nacha has approved raising the current $25,000 same-day cap to $100,000, effective in March.


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