What is CHAPS?

CHAPS stands for Clearing House Automated Payment System
CHAPS is a method of making same-day electronic sterling transfers
CHAPS is generally used for submitting payments above £100,000 (e.g. for a property purchase), or when a payment needs to be made immediately
Payments can be for any amount and are made to clearing banks in the United Kingdom
Additional charges may apply. Please refer to your account tariff for details
You can arrange to send a CHAPS payment via your online banking or email.