CHAPS transfers

[Boomshanka]

Just in the last stages of completing my sale Just one question for folks who have experience of CHAPS bank transfers. 1) When does the money appear in your account (is it the instant the button is pressed, or is there a delay), 2) can a CHAPS transfer 'bounce' after you've handed over the keys?

Thanks as ever for any insights.

 

[TargaLout]

CHAPS message has to be to your bank by 2.30pm. The recipients bank will receive it same day up until 5.30pm. It is irrevocable.

 

[Blue5]

CHAPS

Chaps is same day transfer, usually a couple of hours delay but it is cleared funds.