CHAPS definition

CHAPS means the Clearing House Automated Payment System;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

CHAPS means same day electronic transfer of funds payments in GBP in the UK made through the Clearing House Automated Payment System (CHAPS).

CHAPS means the Clearing House Automated Payment System initiative within the UK.

Examples of CHAPS in a sentence

• If a Client wishes to make a Booking of a Matchday Hospitality Package within fourteen (14) days of a Match date, then payment must be made in full at the time of making the Booking by either credit/debit card payments or CHAPS, so that SFC is in receipt of full and cleared funds before the Match commences.

• CHAPS withdrawals are not available from easy access accounts, cash ISAs, or from offset savings accounts.

• You will need to specify that you require the payment to be sent via CHAPS and provide your passbook if you have been issued with one.

• CHAPS withdrawals are subject to a fee as detailed in our Charges section.

• If your request is received before 12 noon, the CHAPS payment will be made on the same day, otherwise the payment will be made on the following working day.

More Definitions of CHAPS

CHAPS means the Clearing House Automated Payments system for processing same day sterling payments within the UK.

CHAPS means the Clearing House Automated Payments same day sterling payments within the UK

CHAPS means the UK payment system referred to by that name and provided by Chaps Clearing Company Limited;

CHAPS means Clearing House Automated Payment System.

CHAPS means Clearing House Automated Payments System, a bank-to-bank technology which enables same-day payments to be made within the UK, provided the payment instruction is received by the sending bank or organisation before a certain time. Contactless means a payment feature that provides Cardholders with a way to pay by tapping the Card on a point- of-sale terminal reader, for Card Transactions of up to £30 (as amended from time to time).

CHAPS means the Clearance House Association Payments Scheme (a system for making same-day payments for which there is normally an additional charge).

CHAPS means the CHAPS payments system used by UK banks for the electronic processing of sterling bank-to-bank same-day value payments;