If you’ve ever had to make a high-value payment, it’s likely that you were using CHAPS to make the transfer. In this guide, we’ll talk about the CHAPS system and explain everything you need to know about CHAPS payments.
What is CHAPS? Guide to CHAPS payments
Which banks use CHAPS?
Most UK banks are able to send and receive CHAPS payments, but not all are ‘direct participants’ of the CHAPS system.
A bank doesn’t have to be a direct participant of the system to send and receive CHAPS payments. Many use third-party sponsors or intermediaries to process the CHAPS payments for them. This is currently the case for Starling.
Our sort code checker will tell you if your bank accepts CHAPS payments. Just enter your bank’s sort code to find out.
According to the Bank of England, these are the direct participants of CHAPS:
- Banco Santander, S.A. (London branch)
- Bank of America N.A. (London branch)
- Bank of China Limited (London branch)
- Bank of England
- Bank of New York Mellon (London branch)
- Bank of Scotland plc (part of the Lloyds Banking Group)
- Barclays International (a trading name of Barclays Bank plc, part of the Barclays Group)
- Barclays UK (a trading name of Barclays Bank UK plc, part of the Barclays Group)
- BNP Paribas SA (London branch)
- Citibank N.A. (London branch)
- ClearBank Limited
- CLS Bank International (an Edge Act Bank based in New York)
- Clydesdale (a trading name of Clydesdale Bank plc, part of the Virgin Money UK PLC Group)
- Danske Bank (a trading name of Northern Bank Limited, part of the Danske Bank Group)
- Deutsche Bank AG (London branch)
- Elavon Financial Services DAC (UK branch)
- Euroclear Bank SA/NV (Brussels Head Office)
- Handelsbanken plc (a UK subsidiary of Svenska Handelsbanken AB)
- HSBC Bank plc (part of the HSBC Group)
- HSBC UK Ban