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CHAPS Payment
cleared_my_finances
Posts: 28 Forumite
Hiya
had a quick question on CHAPS payments, I know that if you do them before 2pm they arrive the same day but was just wondering when it clears if its after
For example say I had an emergency come up or something one evening and my Other half needed money straight away, if I rung up the bank and organised a payment (can you even do them over the phone) would it be there first thing the next day or would it clear during the next day?
im just curious
had a quick question on CHAPS payments, I know that if you do them before 2pm they arrive the same day but was just wondering when it clears if its after
For example say I had an emergency come up or something one evening and my Other half needed money straight away, if I rung up the bank and organised a payment (can you even do them over the phone) would it be there first thing the next day or would it clear during the next day?
im just curious
0
Comments
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Some banks let you do them over the phone , but they have a cut off time of 2 - 2.30 pm , after this the payment will be processed the next day0
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you can do it over the phone for some banks - the cut off payment for the banks sending CHAPS payments is usually 3:30pm so try and get your call in by 3pm - if your payment goes out after that it will get into the other account by COB the next day at the latest
PS dont forget there is a fee of usually £30 for a CHAPS paymentKeep the Faith:cool:0
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