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Chaps · Phone 69294 N Main St, Richmond, MI 48062 (586) 727-4500
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You can only arrange a same day CHAPS payment between bank accounts in the UK by visiting a branch however there is a charge for this service.. For a same day payment, you have until 2.59pm to arrange the payment in branch, or 3:15pm when faxed to the payment centre ( please fax to 0845 300 3390 if in the UK or +44 161 755 7802 if abroad, including RoI)
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Operating hours: The CHAPS system opens at 6am each working day. Participants must be open to receive by 8am and must send by 10am. CHAPS closes at 6pm for bank-to-bank payments. Customer payments must be submitted by 5.40pm. What are the benefits of CHAPS payments?
CHAPS – also known as Clearing House Automated Payment System – is a type of high-value, bank-to-bank payment system that provides irrevocable, settlement risk-free, and efficient payments.
£50,000.00 per working day for premier customers. £50,000.00 per working day for business customers. For payments over the Online Banking limit, you can set up separate payments over a number of days. However if you need to send a large payment all in one go you should visit a branch to make a CHAPS payment.
If you are visiting a branch to make a CHAPS payment, you will need to bring your debit card and some ID such as a driving license or passport. For a same day payment, you have until 2.59pm to arrange the payment in branch, or 3:15pm when faxed to the payment centre ( please fax to 0845 300 3390 if in the UK or +44 161 755 7802...
It’s also worth remembering that it is difficult to cancel a CHAPS payment once it has been made, so if you make a mistake, you may not be able to recall the funds. Finally, CHAPS is much more costly for the end-user than other payment systems, with banks typically charging around £25-30.