Clearing House Automated Payment System (CHAPS) is an electronic transferring system that facilitates money transfers for amounts larger than £10,000.

CHAPS is also one of the fastest types of bank transfer, with payments being accessible immediately.

Bridging loan transfers commonly use CHAPS, especially for property purchases, as it allows the funds to be accessible on the day of property completion. CHAPS payments incur a fee of £35.


We use cookies. By using the website you agree with our use of cookies. For more information, please read our privacy policy.

Okay, got it!