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HFJL2020 | 10:28 Tue 18th Jul 2023 | Business & Finance
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as far as banking is concerned what are bacs and chaps thank u
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Try this, for example. From Barclays bank but is the same for all banks.

https://www.barclays.co.uk/help/payments/payment-information/bacs-chaps-faster-payments/
I think, if I can remember from my days working in a bank.
Bacs = banks automated clearing system
Chaps = clearing house automated payment system

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