how long does a chaps or bacs take to go through

2

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  • knew i forgt to add something in there :)

    ty :)
  • Graham1
    Graham1 Posts: 445 Forumite
    CHAPS is not just same day it is RTGS (real time gross settlement) - banking speak for real time - you (theoretically) have the money the same minute it arrives. However it is entirely up to the receiving bank what time of the day they actually update your account balance. They might do it within an hour or two or they might wait until their end of day batch processing (which might be during the night in the early hours of the morning).
  • Mikeyorks
    Mikeyorks Posts: 10,369
    First Anniversary Combo Breaker
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    Graham1 wrote: »
    However it is entirely up to the receiving bank what time of the day they actually update your account balance.

    Just as you have no real control over when the sending Bank issue it. So describing it as a 'real time' system is more than a trifle misleading.

    But why are people answering posts which were satisfactorily answered 3 months ago !!
    If you want to test the depth of the water .........don't use both feet !
  • Mikeyorks wrote: »
    But why are people answering posts which were satisfactorily answered 3 months ago !!


    Somebody (Lollypop2222 in this case) resurrects an old thread & people respond without noticing the date the thread was originally started.
  • :confused: I'm sorry I was only asking a question that I couldnt find the answer to on here
  • cifpower
    cifpower Posts: 6,502 Forumite
    It's been another year! :eek:
  • Mikeyorks
    Mikeyorks Posts: 10,369
    First Anniversary Combo Breaker
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    cifpower wrote: »
    It's been another year! :eek:


    Obviously a long lasting Lollypop!! :p
    If you want to test the depth of the water .........don't use both feet !
  • darby_2
    darby_2 Posts: 96 Forumite
    Mikeyorks wrote: »

    But why are people answering posts which were satisfactorily answered 3 months ago !!

    I don't know.
  • Mikeyorks
    Mikeyorks Posts: 10,369
    First Anniversary Combo Breaker
    Forumite
    darby wrote: »
    I don't know.

    Nice to see you maintaining a history of intelligent posts.
    If you want to test the depth of the water .........don't use both feet !
  • Hi i was just wondering how long it takes for a bacs payment to transfer?? it got paid on sunday the 18th but i still havent recieved it?? im also with halifax bank aswell?
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