CHAPS Payments Clause Samples

CHAPS Payments. CHAPS payment instructions will be executed on the specified business day providing the request is received by 2.00pm. Payments sent by CHAPS will be received in the destination bank account on the same day it is processed. Instructions received ▇▇▇▇ 2.00pm will be executed the following business day. CHAPS payments incur a charge (currently £25).