What is a CHAPS transfer and how can I request one?
CHAPS (Clearing House Automated Payment System) is a method of making same-day electronic sterling transfers, for any amount, to clearing banks in the United Kingdom.
A request received before 4:30pm will be processed the same day – after 4:30pm, it will be processed the next business day. Once a CHAPS payment has been sent, it cannot be returned. There is a standard charge of £25 for each payment.