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 the Clearing House Automated Payment System initiative within the UK.

Examples of CHAPS in a sentence

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.
Wolverhampton Branch: 000-000 Xxxxxx Xxxx, Wolverhampton WV2 3AA Type of Payment Instruction Cut-Off Time (Working Days Only)* NPR/INR Remittance 16:15 BACS 16:15 Faster Payment 16:15 CHAPS 16:15 SWIFT (GBP) and (USD) 15:30 SWIFT (EUR) 12:30 CHEQUES (PAID INTO ACCOUNT) 12:30 CASH DEPOSITS AND PAYMENTS 16:15 * If we receive Your payment instruction after the Cut-Off Time on a Working Day we will act on Your instruction on the next Working Day.

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

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).