CHAPS

Secure and fast same-day transfers

Send and receive money securely. Clearing House Automated Payment System (CHAPS) from Yorkshire Bank gives you a quick and convenient way to make sterling transfers within the UK. Your transfer can be instructed at any branch or business & private banking centre on a guaranteed, same-day basis - and without prior notice provided your request is received before 4pm (5pm if submitted via Business Internet Banking).

There is a fee for sending each CHAPS payment. Once funds are cleared, they can’t be recalled.

• Efficient and secure system of money transfer within the UK
• Benefit from setting up a template for regular payments
• Receive confirmation when the payment has been sent
• Binding – once funds are cleared, they cannot be recalled

Complementary solutions

• Business Current Account

Important information

Costs

• There is a fee for sending each CHAPS payment
• Standard charges can be found in the interest rates and charges section. Speak to your relationship manager for more details

Terms and conditions

• CHAPS has an input cut-off time of 5pm daily (requests must be received by the branch or business & private banking centre by 4pm)