CHAPS+payments


 * CHAPS payments **

CHAPS sterling payments allow you to transfer money instantly between banks within the UK for a charge of around £20. However, the Faster Payment system works almost as quickly and is free. Link:- []

Sandra Quinn, spokesperson for the Payments Council, says: - “All payments will be completed within two hours and the benefit of Faster Payments is it works all day everyday, whereas CHAPS is a business-day-only service.”