From Yahoo Finance: 2025-06-17 13:16:00

Bank of America Corporation has increased real-time payment limits to $10 million, benefiting business clients. The Clearing House raised the previous $1 million limit, with over half of BofA’s transactions now exceeding $1 million. The bank’s role in developing the RTP network has expanded its corporate reach significantly.

With the increased transaction cap, BofA clients can now utilize real-time payments for real estate closings and corporate deal settlements. The RTP network offers instant settlement and operates 24/7. BofA’s corporate reach includes 94% of the Fortune 500 and 73% of the global Fortune 500, providing a wide range of benefits for clients.

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Read more: BofA Clients Embrace the Latest $10 Million Limit on US Real-Time Payments