• Guidance: how to update Faster Payment templates

    Updating Faster Payment templates

    Please click here to find out how to update a payment template.

    Step by step guide

    Corporate Online

    If you want this payment template to be automatically moved to Commercial Banking Online, you may need to make changes to the following:

    1. Debit Account Number
    2. Beneficiary Account Name
    3. Beneficiary Sort Code and
    4. Beneficiary Account Number

    Figure 1. Changes to be made to a Faster Payment template

    Number (see screenshot)

    Field name in Corporate Online

    Change to this field in Commercial Banking Online

    Impact

    Action required

    1

    Debit Account

    A mandatory field to contain the sort code and account number of the account that is being debited.

    The debit account must be an open Lloyds Banking Group account.

    The payment template will not move over if the sort code and account number are not populated.

    Ensure the sort code and account number are populated with an open Lloyds Banking Group account.

    2

    Beneficiary Account Name

    A mandatory field that cannot exceed 18 characters.

    If no data is present the template will not be moved over.

    Any values over 18 characters will be removed automatically.

    Ensure the field is populated. Reduce it to 18 characters or fewer if you don’t want it to be truncated.

    3

    Amount

    A maximum of £100,000 and 2 digits after the decimal point.

    If the amount entered exceeds £100,000 it will be replaced with '0'.

    If there are more than two digits after the decimal point, the value will be rounded up to two decimal digits.

    Check the final amount isn’t too high and the number of digits after the decimal point.

    4

    Remitter Reference

    Field cannot exceed 16 characters.

    Content will be truncated after the first 16 characters.

    Reduce it to 16 characters or fewer if you don’t want it to be truncated.

    5 and 6

    Beneficiary Sort Code and Account Number

    Both are mandatory fields.

    The sort code must be UK Faster Payment enabled of 6 numbers.

    The account number must be 8 numbers.

    The sort code and account number must be a valid combination.

    The payment template will not move over if the sort code and account number are not the correct length or are not valid.

    Ensure the sort code and account number are the correct length, are a valid combination and the sort code is a UK Faster Payment enabled sort code.

Lloyds Bank plc. Registered office: 25 Gresham Street, London, EC2V 7HN. Registered in England and Wales no. 2065. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Authorisation can be checked on the Financial Services Register at www.fca.org.uk under the Firm Registration Number 119278.

We subscribe to The Lending Code; copies of the Code can be obtained from www.lendingstandardsboard.org.uk. Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all Business customers will be covered.