Breeze through payroll with Bulk Payments
Say goodbye to sending payments one by one, again and again... For a limited time only, try Bulk Payments for free for the first month - it then costs just £7 a month. With a business current account Bulk Payments makes light work of paying staff or suppliers - so you can get back to business.
How it works
Bulk Payments is a subscription you can add onto your GBP business account, which lets you make multiple payments in one go - instead of one at a time. You can send up to 250 payments each month and upload multiple files as long as the total number of payment entries across these files is not more than 250 line items. This feature isn’t available yet for sole traders.
- Send payments 24/7, with no deadlines or weekends off
- Save draft payments if you’re not ready to send
- Select existing payees to easily create your payment file
- Upload payment files in .csv, .xsls and .ods formats
- Stay secure with in-app authentication
All accessible through our easy to use Online Banking platform, with just a final confirmation on your phone.
What Bulk Payments can do for you
Save you time
By streamlining your financial admin, you’ll free up time you can spend elsewhere.
Check you’ve got payee details right
We’ll check they match up with the receiving bank, and highlight any areas where there could be a mistake.
Give you peace of mind
You’ll authorise all payments before they’re sent, so you’re always in control
Four steps to send a Bulk Payment - we’ll handle the rest
Sign up for Bulk Payments in the ‘Subscriptions’ area of the app.
Log into Online Banking and head to the ‘Payments’ tab, then click ‘Bulk Payments’.
Add any existing payees to the template, then download it and enter the rest of your payee details.
Upload your file and confirm your payment using your phone.
What you need to know
How much does Bulk Payments cost?
£7 per month. This fee is VAT-exempt. You’ll be charged on the first day of each month and you can cancel at any time.
How many payments can I send?
A single payment entry in a Bulk Payment file cannot be more than £250,000.
You can send up to 250 payments each month and upload multiple files as long as the total number of payment entries across these files is not more than 250 line items. For example, if you upload one Bulk Payment file with 250 payment entries on the first day of the month, you won’t be able to upload any more Bulk Payments until the next month.
Who can use it?
For now, only our business account customer (GBP) can subscribe to Bulk Payments. It’s not yet available to sole traders.
How long do Bulk Payments take to process?
Bulk Payments are sent as individual payments, and most of them will land in your payees’ accounts instantly. But, if we spot something that doesn’t look right with a particular payment, we’ll need to check it out first, this helps to keep your money safe from fraud. We'll make sure to notify you if this happens.
Can I use it with any payment system?
Bulk Payments only supports GBP payments using the Faster Payment network.
Want to know more?
Find out more about Bulk Payments in our FAQs. You can also check out our blog post on Bulk Payments.