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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 requested or instruction is received before 4.25pm (in branch) or 5.25pm (via online).

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 or LloydsLink Online - 5.25pm In branch – 4.25pm.

How to apply

On the phone

Call us to talk to one of our business management team. Lines open 7am to 8pm Monday to Friday and 9am to 2pm on Saturday, except on UK bank holidays.

0345 072 5555Call telephone number 0345 072 5555

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Internet Banking

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

Find out moreabout internet banking.

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