Pay by CHAPS

For large transfers, CHAPS can give you guarantees.

What is CHAPS?

CHAPS is a way of sending money that's guaranteed to arrive on the same day you send it. This is useful if:

  • You want to send an amount of money above the Faster Payments limit
  • You need it to arrive by a certain date
  • The account you’re sending to doesn’t accept Faster Payments.

For example, it's common to transfer money for house purchases using CHAPS. You can check which banks can receive CHAPS payments with the Bank of England.

Most types of payments have limits to the amount you can send each day. CHAPS doesn't have the same limits but does have a fee and you can only make one in a branch.

If you want to send up to £250,000 in a day, you can do this by Faster Payments in branch. Or you can send up to £25,000 by Internet Banking. A Faster Payment usually arrives on the same day within 2 hours, so long as the account you’re sending to accepts them. There is no fee for sending a Faster Payment. You could also pay by cheque if the recipient will accept one. This will take several days to process.

Timescales

A CHAPS payment to an external bank is guaranteed to arrive on the same day you request it. Here's how that works:

  • If you make your request before 4.25pm on a working day, the funds will arrive on the same day.
  • We process requests made after 4.25pm on the next working day.
  • We process requests made on bank holidays and weekends on the next working day.

Please note we can't guarantee payments made to other Lloyds Banking Group accounts will arrive on the same day.

Steps to take

We’ll guide you through it.

To make a CHAPS payment, you'll need to visit one of our branches.

Each payment has a fee of £25.

You'll need to know the recipient's:

  • Bank name
  • Sort code
  • Account number.

Please make sure these details are correct. Any errors will delay the payment.

Further help with payments

Understand regular payments, share your bank details or pay in a cheque on your phone.

Read our guides

Payment fallout banner

Further help with payments

Understand regular payments, share your bank details or pay in a cheque on your phone.

Read our guides