• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

CHAPS payments

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    CHAPS payments

    Can you set one up in advance? e.g. the week before as I know I'm not going to be around on the day the funds need to be.

    To complicate it more, can you set a CHAPS up prior to the funds being in place, but it will be on the day of payment?

    Ta in advance, and I look forward to the sarcasm this post may bring with it!
    I didn't say it was your ******* fault, I said I was blaming you!

    #2
    Yeah, you don't want to go broke-back.

    Keeping calm. Keeping invoicing.

    Comment


      #3
      Yes, you can set up as a future dated payment. All banks are different, all likely though to do a balance check before the funds are released on payment date to ensure sufficient funds available.
      ______________________
      Don't get mad...get even...

      Comment


        #4
        Originally posted by kaiser78 View Post
        Yes, you can set up as a future dated payment. All banks are different, all likely though to do a balance check before the funds are released on payment date to ensure sufficient funds available.
        Wont be an issue if my business manager confirms the faster payment limit to be above £10k, but i doubt we qualify for "Commercial" banking levels...
        I didn't say it was your ******* fault, I said I was blaming you!

        Comment


          #5
          I Bank with NatWest and can arrange transfers online in seconds for same day or in advance or set up standing orders for transfers weekly, monthly whatever. All payments/transfers subject to sufficient funds being available at that time obviously.

          I often transfer money into family accounts that they can draw on immediately (daughter usually at supermarket checkout without sufficient funds in her credit account).

          I can transfer £10 or £100,000 (never transferred more than this).

          Check with your own bank if you have this online facility.
          Confusion is a natural state of being

          Comment


            #6
            Originally posted by Diver View Post
            I Bank with NatWest and can arrange transfers online in seconds for same day or in advance or set up standing orders for transfers weekly, monthly whatever. All payments/transfers subject to sufficient funds being available at that time obviously.

            I often transfer money into family accounts that they can draw on immediately (daughter usually at supermarket checkout without sufficient funds in her credit account).

            I can transfer £10 or £100,000 (never transferred more than this).

            Check with your own bank if you have this online facility.
            I'm with Natwest... But the limits are a little cagey, hence why i want them to tell me.

            Are you talking about setting a new payee and transferring that way?
            I didn't say it was your ******* fault, I said I was blaming you!

            Comment


              #7
              Originally posted by scooby View Post
              I'm with Natwest... But the limits are a little cagey, hence why i want them to tell me.

              Are you talking about setting a new payee and transferring that way?
              Yes. you can set up a standing order or just make single transfers.

              Don't forget you need the NatW card reader for security when setting up a new payee/account.

              The good thing is, you can do it anywhere you can get internet access
              Confusion is a natural state of being

              Comment

              Working...
              X