What are the minimum and maximum payment amounts possible?

In the UK, the minimum amount for a payment is £0.01.

Maximum payment amount limits are set by the payer's bank, and may be dependent upon the specific bank account type and conditions such as the current balance or how many payments have been made recently.

General limits are published on online banking websites by banks.

In the UK, Faster Payments maintains a list of general limits here: http://www.fasterpayments.org.uk/transaction-limits

This list provides links to bank help pages indicating payment limits:

Lloyds Group

Lloyds

https://www.lloydsbank.com/online-banking/benefits-online-banking/view-pay-your-bills.asp#tab-row-5

Halifax

https://www.halifax.co.uk/bankaccounts/help-guidance/online-banking-help/fasterpayments/

(click tab “Payment limits and timeframes”)

Bank of Scotland

https://www.bankofscotland.co.uk/helpcentre/internet-banking/faster-payments/

(click tab FAQs)

RBS Group

Royal Bank of Scotland

https://www.supportcentre-rbs.co.uk/Searchable/997053272/What-are-the-payment-limits.htm

NatWest

https://supportcentre.natwest.com/Searchable/913208362/What-are-the-payment-limits.htm

Ulster

https://supportcentre.ulsterbank.co.uk/Searchable/997054072/What-are-the-payment-limits.htm

Barclays

https://www.barclays.co.uk/current-accounts/online-payment-limits/

HSBC

From https://www.hsbc.co.uk/1/2/linklaunch/contactandsupport

“You can make payments of up to £25,000, per day via Online Banking if the funds are available, for larger amounts, you would need to visit an HSBC Branch with Identification and there may be a charge”

Santander

https://www.santandercb.co.uk/contact-support/connect-helpcentre/making-payments/standard-domestic-payments-faster-payments

Nationwide

https://www.nationwide.co.uk/support/support-articles/important-information/faster-payments#xtab:payment-limits

Danske Bank

https://danskebank.co.uk/SiteCollectionDocuments/personal/payment-table-personal.pdf

(see table on page 4 referencing Open Banking payment limits)

AIB (Allied Irish Bank)

AIB GB

https://aibgb.co.uk/ways-to-bank/online-banking/transaction-limit-information