Payment rail · United Kingdom
Payment rail · United KingdomWhat is CHAPS?
CHAPS is the United Kingdom’s sterling same-day system for high-value and time-critical payments, operated by the Bank of England. Poplin pays out to the United Kingdom over CHAPS, settling the same business day at the latest.
Source: Bank of England (opens in a new tab)
Updated · Reviewed by Joyce Chin, Chief Operating Officer & Compliance Officer
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Which rail reaches your recipient?
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A payout to the United Kingdom clears fastest over
Faster Payments
settles in real time · 0.5% + $1.00 on a business account
Also reaches GBP accounts over
Also reaches EUR accounts over
Also reaches USD accounts over
Set from your location — change it above.The recipient’s account details decide the rail — the fee is always shown before you send.
// at a glance
What the rail sets for a payout over CHAPS — and what Poplin charges to send.
Settlement
Same day
a ceiling, not the typical time
Reaches
1
country — United Kingdom
Paid out in
GBP
British pound
Business fee
0.5%
plus a $1.00 fixed fee
Clearing
Local
domestic clearing
Days are business days — a Saturday delays a same-day or next-day payout. These are ceilings, not typical times: within the window, how fast the money lands depends on the receiving bank.
// how it moves
How CHAPS payouts move.
From your US-dollar balance to an account in the United Kingdom — four steps.
You send from USD
Enter an amount in your Poplin US-dollar account and confirm the payout — the full fee shows before you send.
Converted at mid-market
Dollars become British pounds at the mid-market rate — no markup added.
Cleared over CHAPS
Poplin clears the payout over CHAPS, the UK’s same-day high-value transfers.
Arrives inside the window
CHAPS settles the same business day — a ceiling, not the typical time; how fast it lands depends on the receiving bank.
// coverage
Where CHAPS reaches.
United Kingdom
The one country Poplin pays out to over CHAPS, in British pounds.
Send to the United Kingdom →Sending somewhere else?
Each destination clears over its own set of rails. See the rail, speed, and fee for any destination — or the fee for every rail on one page.
// related rails
Other rails to the United Kingdom.
CHAPS — FAQ
Basics
What is CHAPS?
CHAPS is the United Kingdom’s sterling same-day system for high-value and time-critical payments, operated by the Bank of England. Poplin pays out to the United Kingdom over CHAPS, settling the same business day at the latest.
Speed
How long do CHAPS payouts take?
Over CHAPS, Poplin payouts settle the same business day. Payments leave your account in seconds; CHAPS then clears the payout to the recipient’s bank.
Cost
How much does it cost to send money over CHAPS with Poplin?
A percentage of the amount plus a $1.00 fixed fee — 0.5% on a business account and 1% on a personal account, shown in full before you send. Conversion, where the payout currency isn’t US dollars, is at the mid-market rate with no markup.
Coverage
Which countries does Poplin reach over CHAPS?
CHAPS is how Poplin pays out to the United Kingdom, in GBP. Poplin also reaches the United Kingdom over Bacs (GBP), Faster Payments (GBP), SEPA (EUR), and SWIFT (USD) — which one a payout uses depends on the bank details your recipient has.
Send US dollars to the United Kingdom over CHAPS.
Open a US-dollar account in minutes. No monthly fees.