Tag: CHAPS Payment

  • CHAPS Payment: When It Makes Sense (and When It Doesn’t)

    CHAPS Payment: When It Makes Sense (and When It Doesn’t)

    A CHAPS payment is the UK’s same-day, high-value bank transfer – essential for property completions, large corporate transfers, and time-critical settlements. But at £20-£35 per transaction, it is one of the most expensive methods available. This blog covers what a CHAPS payment is, when it is the right choice, and when Faster Payments works better.