On December 4, The Clearing House (TCH) approved increasing the RTP network limit from $1 million to $10 million per transaction. According to TCH’s announcement, this increased limit supports network growth in areas such as real estate, supply chain payments, and business-to-business transactions that require larger transaction amounts. The transaction limit increase will be effective on February 9, 2025. 

Among other benefits, increasing the transaction limit to $10 million offers the following: 

• Expanded use cases, such as A2A, B2B, B2C, title insurance/mortgage, securities, investments, and brokerage.   
• Advanced RTP payment capabilities for corporate customers and high-net-worth individuals.
• Payroll funded closer to payday or even on the same day. 

TCH reports that more than 285,000 businesses send instant payments over the RTP network through financial institutions on the system each month. In November, the network surpassed half a trillion dollars ($500 billion) in instant payments since it was launched seven years ago and now averages over 1 million payments every day. In October, the RTP network experienced a record 31.9 million transactions valued at $25.7 billion.  

What This Change Means for You 

For credit unions who have connected to the RTP network using Corporate One’s TPSP service, your connection will enable you to receive this increased amount. However, we encourage you to reach out to your core processor to check their configurations for your credit union to ensure nothing needs to change. 

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