Rules and regulations of NatWest Business accounts to successfully process batch payments.
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
- You may need your NatWest card reader or biometric approval for pay runs
- Please note: NatWest requires all payees to be listed as a trusted beneficiary in your NatWest account. If you do not know how to add a trusted beneficiary please reach out to NatWest's support team for a step by step process. In order for your NatWest Business account to see a contact as a trusted beneficiary, you will need to add the contact and then a £0.01 payment to the new contact.
| Currency | GBP |
| Minimum payment count | 1 |
| Maximum payment count | 15 |
| Only trusted beneficiaries | Yes |
Cancel a scheduled payment
If you select to future date your Bulk Payment, you can amend or cancel any of the individual payments that made up the Bulk Payment within the 'Manage scheduled payments' sections.
However if you have chosen to send your Bulk Payment today, the payments cannot be cancelled.
If you cancel the payment/pay run, please reach out to us via live chat or email help@crezco.com to notify us. The bank does not update us when a payment has been cancelled and we will need to manually update the status of the payment on our end.