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  3. Banking limitations - Accounts payable

Bank limitations when creating pay runs

Please note the following limitations of your bank when creating your pay runs in order to make sure they are successful

Currently banks are only offering bulk payments for their corporate and business accounts only

 

Terms

Minimum payments count - Listed amount will be the minimum amount of payments you will need in order to process a pay run with the bank

Maximum payments count - Listed amount will be the maximum amount of payments your bank can process in that batch.

  • Please note: that if the amount of payments go over the maximum, our system will automatically create multiple batches for you
  • Batch: our system will automatically create batches to match the bank limitations

Minimum total amount - Listed amount is the minimum in which the pay run total to

Only trusted beneficiary - This means that the person/company that you are trying to pay, has to be saved as a contact within your bank account. You must do this before you submit the payment

Only future-dated - Banks with this requirement will only process your pay runs if it has been scheduled for a future date

Minimum schedule date offset - For banks that require you to schedule your payment runs for the future, this is the minimum amount of days you have to schedule the pay run for

Maximum schedule date offset - For banks that require you to schedule your pay runs for the future, this is the maximum amount of days in the future you can schedule a pay run for

Please note that each bank have their own limitations. These limitations vary from bank to bank and even account to account. Please keep the following information in mind when using the accounts payable feature. If you are uncertain on some of the following information, you will need to reach out to your bank.

  • Daily transaction limit
  • Daily transaction amount limit
  • Bank account type

 

AIB Bank

Barclays Bank

Clydesdale Bank

HSBC Bank

Lloyds Bank

NatWest Bank

RBS Bank

Revolut

Santander Bank

Silicon Valley Bank

Yorkshire Bank