CHAPS definition

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 clearing houses automated payment systems;

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

Examples of CHAPS in a sentence

• Following receipt of each monthly statement you must make payment of the Total Payment Amount in British pounds sterling either by BACS or CHAPS transfer to the bank account specified by us from time to time or by credit card (in which case the credit card charges stated below apply) no later than the 3rd working day after the 15th of each month.

• Payments must be made in the currency as booked, by BACS or CHAPS transfer to the bank account that we nominate from time to time or by credit card (the credit card charges specified in Schedule A apply).

• All payments shall be made by direct debit mandate or standing order mandate, CHAPS transfer, BACS transfer or other electronic or telegraphic transfer to a London clearing bank or such other financial institution as may be approved by the party entitled to the payment, such approval not to be unreasonably withheld or delayed.

• CHAPS – Clearing House Automated Payments System, 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.

More Definitions of CHAPS

CHAPS means the Clearing House Automated Payment System;

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 the clearing houses automated payment system or any other method of electronic transfer for same-day value;

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).