Sam
Moderator
Premium Member
Registered: 24th Dec 99
Location: West Midlands
User status: Offline
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quote:
Originally posted by John
They called it a telegraphic transfer, is that CHAPS?
Yes.
TTs also refer to international transfers, but in your case it's just a posh way of saying a CHAPS payment.
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Pete_vxl
Member
Registered: 24th Nov 06
Location: Lochgelly, Fife
User status: Offline
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quote:
Originally posted by Sam
quote:
Originally posted by John
They called it a telegraphic transfer, is that CHAPS?
Yes.
TTs also refer to international transfers, but in your case it's just a posh way of saying a CHAPS payment.
Have to disagree, a TT envolves international banking, chaps can only be performed with both remitter and beneficiary having an account within the same country.
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John
Member
Registered: 30th Jun 03
User status: Offline
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I wasn't there but it was called a telegraphic transfer.
However, on my internet banking it does show as international.
I thought you were talking about something else originally Pete that's why I hadn't paid attention to that bit.
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Pete_vxl
Member
Registered: 24th Nov 06
Location: Lochgelly, Fife
User status: Offline
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quote:
Originally posted by John
I wasn't there but it was called a telegraphic transfer.
However, on my internet banking it does show as international.
I thought you were talking about something else originally Pete that's why I hadn't paid attention to that bit. [/quote
I speak sense sometimes. 
[Edited on 06-04-2011 by Pete_vxl]
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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quote:
Originally posted by Russ, edited for Deano
barclays have never charged me for moving my money about
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A2H GO
Member
Registered: 14th Sep 04
Location: Stoke
User status: Offline
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quote:
Originally posted by Pete_vxl
quote:
Originally posted by Sam
quote:
Originally posted by John
They called it a telegraphic transfer, is that CHAPS?
Yes.
TTs also refer to international transfers, but in your case it's just a posh way of saying a CHAPS payment.
Have to disagree, a TT envolves international banking, chaps can only be performed with both remitter and beneficiary having an account within the same country.
But the banking industry refer to CHAPS and Telegraphic Transfers as the same thing.
Well ours does anyway 
http://en.wikipedia.org/wiki/Telegraphic_transfer
[Edited on 06-04-2011 by A2H GO]
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bubble
Member
Registered: 24th Jan 04
Location: Darwin, NT Australia.
User status: Offline
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quote:
Originally posted by Pete_vxl
quote:
Originally posted by Sam
quote:
Originally posted by John
They called it a telegraphic transfer, is that CHAPS?
Yes.
TTs also refer to international transfers, but in your case it's just a posh way of saying a CHAPS payment.
Have to disagree, a TT envolves international banking, chaps can only be performed with both remitter and beneficiary having an account within the same country.
is that right? i am sure i have processed chaps to accounts outside the uk as i have to use iban's and swift numbers to perform them?? and transit numbers sometimes
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Pete_vxl
Member
Registered: 24th Nov 06
Location: Lochgelly, Fife
User status: Offline
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Chaps is a same day transfer, i have only ever done TT's that have taken 2/3 days to arrive. I may be wrong but ive never heard a tt be called a chaps or vice versa. The chaps system at my work has space for sort code and acc number only where as the telegraphic transfer system has space for iban,swift/bic, bsb and beneficiary bank address.
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bubble
Member
Registered: 24th Jan 04
Location: Darwin, NT Australia.
User status: Offline
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quote:
Originally posted by Pete_vxl
Chaps is a same day transfer, i have only ever done TT's that have taken 2/3 days to arrive. I may be wrong but ive never heard a tt be called a chaps or vice versa. The chaps system at my work has space for sort code and acc number only where as the telegraphic transfer system has space for iban,swift/bic, bsb and beneficiary bank address.
aaah feck knows then!
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Sam
Moderator
Premium Member
Registered: 24th Dec 99
Location: West Midlands
User status: Offline
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quote:
Originally posted by A2H GO
quote:
Originally posted by Pete_vxl
quote:
Originally posted by Sam
quote:
Originally posted by John
They called it a telegraphic transfer, is that CHAPS?
Yes.
TTs also refer to international transfers, but in your case it's just a posh way of saying a CHAPS payment.
Have to disagree, a TT envolves international banking, chaps can only be performed with both remitter and beneficiary having an account within the same country.
But the banking industry refer to CHAPS and Telegraphic Transfers as the same thing.
Well ours does anyway
http://en.wikipedia.org/wiki/Telegraphic_transfer
[Edited on 06-04-2011 by A2H GO]
THANK YOU
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Pete_vxl
Member
Registered: 24th Nov 06
Location: Lochgelly, Fife
User status: Offline
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Why doesnt everybody just call their bank and ask to settle it, i can say for certain that any bank under Lloyds banking group will back up my theory as i have worked for the group for 5 years and send both chaps and tt on a daily basis.
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