CHAPS
Clearing House Automated Payment System — the UK high-value same-day GBP rail.
CHAPS is a same day payment rail routed by KeyBS Pay. Clearing House Automated Payment System — the UK high-value same-day GBP rail.
Payouts routed through CHAPS settle to beneficiary accounts in GB. Where CHAPS is available for the destination country, it is the default rail for eligible payouts.
Every CHAPS payout is subject to KYB, KYC and sanctions screening. Pricing is disclosed in full before approval; failed payouts return a signed webhook event with a machine-readable reason code and remain refundable per program policy.
Corridor mechanics at a glance
Every KeyBS Pay payout follows the same operational contract; only the rail changes.
How a CHAPS payout moves through KeyBS Pay
CHAPS settles in same day on eligible GBP destinations.
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Countries reachable via CHAPS
CHAPS by industry
CHAPS developer resources
Frequently asked questions
What is CHAPS?
Clearing House Automated Payment System — the UK high-value same-day GBP rail.
How fast is CHAPS?
Same day. Actual settlement time is disclosed pre-approval and confirmed by signed webhook once the beneficiary bank acknowledges the credit.
Which countries can I reach through CHAPS?
GB. Availability is beneficiary-bank-dependent; the router falls back to wire if the beneficiary bank is not on CHAPS.
What currencies are supported on CHAPS?
GBP is the primary settlement currency for CHAPS. Multi-currency corridors are supported where the rail permits.
What limits apply on CHAPS?
Rail-specific ceilings apply; the platform surfaces them pre-approval. Higher-value transactions are automatically routed to wire.
Is CHAPS available 24/7?
Real-time rails (others) operate around the clock. Batch and wire rails follow the local banking window.
How do I integrate CHAPS?
You don’t. KeyBS Pay abstracts rail selection: submit a payout to POST /v1/payouts and the router picks the fastest eligible rail. Use "method": "auto" (default) or force a specific method where policy requires.
Is CHAPS regulated?
Yes. KeyBS Pay routes CHAPS payouts only through partners licensed for the destination corridor.
Can I get a CHAPS settlement report?
Yes. Per-rail, per-corridor reconciliation reports are available in the dashboard and via API export.
What happens if a CHAPS payout fails?
Failed payouts return a signed webhook event with a machine-readable reason code. Funds remain in the source ledger and can be re-routed or refunded.
How is pricing set for CHAPS?
Quote-based, disclosed in full pre-approval. No undisclosed intermediary-bank deductions on eligible local rails.
Can I use CHAPS for consumer payouts?
Yes, where the beneficiary and route policy permit consumer flows. Stablecoin routes are business-only.
Are there cutoffs on CHAPS?
Real-time rails have no cutoffs. Batch and wire rails follow local banking-day windows; cutoffs are shown at quote time.
Does CHAPS support idempotent retries?
Yes. Every KeyBS Pay payout carries an Idempotency-Key so retries after transient errors are safe.
Which industries use CHAPS most?
Marketplaces, cross-border trade, workforce and NGO programs are the largest users of CHAPS on the KeyBS Pay platform.
Route your first CHAPS payout
Rail selection is automatic — you never have to pick one manually unless program policy requires it.