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What details are required to make a Faster Payment?

Pay From

  • The Pay From field shows all the accounts that you are able to make payments from.
  • Select the down arrow to see a list of your accounts then choose the account you wish to debit. The balance and available balance are displayed, please ensure you have sufficient funds available to cover the payment.

Payee Name

  • The payee name is the name of the person or business you are paying

Payee sort code

  • The payee sort code is the sort code of the account holding branch of the bank where the funds are being paid to. This is a 6-digit number.

Payee Account Number

  • The payee account number is the account number of the person or business you are paying. This is an 8-digit number and will be validated using the payee sort code

Amount

  • This field is used to enter the amount you wish to pay.

Payment date

  • This is the date the payment will leave your account. Remember that some payments may take a few days to reach the payee so if you are paying a bill make sure you take this into consideration.

Payment Method

  • Select Faster Payment, if the amount is under £250k or CHAPS Payment if over £250k

Payee Reference

  • You can enter a reference which may appear on the payee's statement. This will help them establish where the payment has come from.
  • If you are paying a bill, you must ensure the reference field is completed according to the payee's instructions. This is usually your account number but might be an invoice number or similar.
  • If you are paying a credit card bill then always put your 16-digit card number as the reference.

Save these payee details to use again

  • If you are entering a payment to a new payee, selecting this box will allow you to save the payee details. This can then be used the next time you send funds to this payee.

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