How long do CHAPS payments take? | Personal Finance | Finance

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These payments close at 6pm for bank-to-bank payments.

According to the Bank of England, customer payments must be submitted by 5.40pm.

There is no limit to the amount of money you can transfer when using CHAPS.

It is used for both high-value wholesale payments as well as time-critical payments such as paying a deposit on a property.





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