We offer a range of methods to make and receive payments.
See below for more details on each payment type available and the benefits of each.
Depending on the type of account you hold or electronic banking service you use, fees and charges may apply. Please refer to the price lists for personal customers, business customers and iBB customers for more details.
The Faster Payments Service allows customers to make fast and low cost electronic payments or transfers using Online Services or iBB.
Clearing House Automated Payment System (CHAPS) is an electronic transfer system for sending Sterling payments within the UK on a same day value basis. This payment is normally used for high value transactions and has the ability to include additional information with the payment e.g. an address in the case of conveyance payments.
Outgoing payments for same day value can be made up until 16.00 in branch or up to 17:25 using iBB, on banking days only. Incoming payments can be received until 18:20.
SEPA Payments and International Payments Explained
|Payment Type||Description||When to use||Fees and Charges|
(Single Euro Payment Area)(SEPA form)
|This is a Euro payment made using the SEPA system Payments can take up to 2 working days to clear in the account||Any euro payment going to the SEPA Zone* can go as a SEPA payment Note: if the Bank you are paying is not part of the SEPA scheme you will need to do an international payment||See our fees & charges brochure|
|International Payment means transferring funds, in any currency, from or to an account to another account outside of the UK, or transferring funds from or to another account inside the UK in any currency other than Sterling.||For payment which includes a foreign currency.||See our fees & charges brochure|
*for SEPA Zone countries see ‘Where can I send SEPA credit transfer payment to’ on our International Payment Page.