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Q:
What’s the difference between a bulk list and a bulk payment?
A:
A bulk list is a pre-specified list of beneficiaries or credit accounts you want to pay from a single debit account. There are two types: standard domestic and domestic sterling Inter Account Transfer (IAT).
A bulk payment is a payment created from a bulk list - so it's a payment to multiple beneficiaries from a single debit account. It will show as one debit on your bank statement. As with bulk lists, there are two types: standard domestic bulk payments and bulk Inter Account Transfers (IATs).