RTP® Network Sets New Single-Day Record with 1.8 Million Transactions

Instant payments usage continues to accelerate in the United States as the RTP® network, the nation’s largest instant payments system operated by The Clearing House, set a new single-day record, processing 1,808,967 transactions valued at $5.2 billion.

The milestone, reached on October 3, reflects the growing adoption of instant payments by financial institutions, businesses, and consumers who are seeking faster, more reliable money movement. The record-setting day follows a year of sustained growth for the RTP network, which now averages more than 1.3 million payments daily and continues to expand both in reach and transaction value.

“Seeing 1.8 million payments in a single day underscores the momentum we’re seeing across the instant payments ecosystem,” said Jim Colassano, Senior Vice President of RTP Business Product Management at The Clearing House. “The RTP network continues to set new benchmarks for real-time payments in the U.S. Reaching a single-day record of nearly two million transactions highlights both the scalability of the network and the growing confidence of the financial industry in instant payments as the new standard.”

The record day was driven by a broad mix of use cases, including gig economy payouts, account-to-account (A2A) transfers, digital wallet funding, and business-to-business (B2B) payments. Since the RTP network increased its transaction limit to $10 million earlier this year, higher-value payments have continued to rise, further reinforcing the network’s role in supporting complex, time-sensitive transactions such as real estate closings, portfolio settlements, and corporate liquidity management.

More than 1,000 financial institutions are now live on the RTP network. With each new financial institution participant, more consumers and businesses gain access to instant payments that clear and settle in seconds, any time of day, every day of the year.

The RTP network provides real-time payment capabilities to federally insured U.S. depository institutions, enabling instant clearing and settlement, immediate confirmation, and rich messaging functionality that supports both consumer and business payments.