CHAPS

In the fast-moving business world, your organisation must be able to make and receive fast and efficient payments. Clearing House Automated Payment System (CHAPS) is an electronic bank-to-bank technology that enables same-day payments to be made within the UK, provided the funds are released before 3pm.

Features and benefits

  • Fast, reliable and secure method of guaranteeing same business day payment of cleared funds in the UK.
  • Payment is made from one account to another on the same business day.
  • Funds are cleared on day of receipt.
  • Payments can be made for any amount, so there's no need to worry about cheque guarantee limits.
  • Money is received on the same business day, and can therefore be drawn against immediately.

Payments can be made in Sterling only. They are unconditional, and once made, cannot be recalled.

CHAPS payment via Corporate Online (Bank of Scotland customers only) – 3.45pm
CHAPS payment via LloydsLink Online (Lloyds Bank customers only) – 3.45pm
In branch – 3pm

On the phone

Call us to talk to one of our business management team. We are available from 8am to 8pm Monday to Friday and 9am to 1pm on Saturday.

0845 072 5555

How to apply

On the phone

Call us to talk to one of our business management team. We are available from 8am to 8pm Monday to Friday and 9am to 1pm on Saturday.

0845 072 5555

    Internet Banking

    Internet Banking puts you in control of your finances, giving you time to concentrate on what is important - your business.

    Business resource centre

    Access our comprehensive range of online business resources and tools.