how long does a chaps or bacs take to go through

A question about : how long does a chaps or bacs take to go through

to an account. we are awaiting money into a nationwide flexaccount this way. thanks

Best answers:

• Hi, Chaps can be same day, BACS needs 1 full clearing day E.G BACS payment sent on a Wednesday will be cleared in your account on the Friday am.
• CHAPS is the same day but costs £20-30 - BACS is 2-3 working days(free) after the request ie if request transfer on a monday it will arrive on wednesday or thursday (in my experience it depends on which bank is sending it)
• Although with this new fast bank system some bacs payments get there quicker , I paid someone on Wednesday they received it two hours later !,
• Hi,
  If a CHAPS payment is made late on a Friday, will it show on the receiver's account on the Saturday?
  Thanks
• hi, will bacs payments clear on a saturday with nationwide?
  Thanks
• bacs is 3-4 days and chaps is 1 day or next working day (depending if its a bank/insurance company ect.) chaps should in by end of buisness for your bank
• knew i forgt to add something in there
  ty
• CHAPS is not just same day it is RTGS (real time gross settlement) - banking speak for real time - you (theoretically) have the money the same minute it arrives. However it is entirely up to the receiving bank what time of the day they actually update your account balance. They might do it within an hour or two or they might wait until their end of day batch processing (which might be during the night in the early hours of the morning).
• :confused: I'm sorry I was only asking a question that I couldnt find the answer to on here
• It's been another year!