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They will reach the destination account by the end of the next working day.
The cut-off time for processing these payments is 5pm Monday to Friday (excluding Bank holidays), or 1pm on a Saturday at our branches and midnight for payments processed on the internet on any day. Under normal circumstances a Faster Payment should arrive at the destination account the following working day after the transfer was made. However, this is not guaranteed and on occasions the transfer may take longer.
There is no charge for making a Faster Payment or Standing Order.
There is no charge also for the first failure of a Standing Order/Direct Debit due to insufficient funds in an account. However this only applies to the first failure of one Standing Order/Direct Debit where there are several set up on an account. A charge of £10 will be made for each subsequent failure. A cap of three Failed Payment Charges (for Standing Orders and/or Direct Debits) applies in a calendar month. This cap will reset each calendar month.
You can check the sort code of the bank you wish to send a faster payment to. Visit the Faster Payments Sort Code Checker page to find out how.
Where the destination account has been set up for more than 30 days, transacting from...
Payments can only be made by telephone if your account terms permit.
To find out more about paying money into or out of your account visit Managing your Chelsea Building Society accounts.
‘Same day value’ electronic payments which, when received into accounts, are treated as cleared funds. CHAPS transactions can only be actioned via a YBS branch or agency with name ID required.
The payment usually arrives in the recipients account the same day, provided the request is made before 3pm, Monday to Friday (excluding bank holidays). Payments made after this will received the next working day.
There is a charge of £23.50 for a CHAPS transaction.
To find out more about paying money into or out of your account visit Managing your Chelsea Building Society accounts.
For all CHAPS payments we need to see Proof of ID which has a photo. See Verifying your identity for more details.
You can make a cash withdrawals from any ATM machine or over the counter in a branch or agency, providing funds are available. You can also raisde a cheque for payment in a branch, agency or over the phone. Proof of identity may be required to make withdrawals
For cash withdrawals you can withdraw up to £1,000 on any one day or £5,000 by giving a few days notice. You can only withdraw a maximum of £5,000 in any seven day period. You can withdraw £250 cash daily from any ATM machine if you have a LINK card. The timescales for raising a cheque payment may depend on the terms of your account and whether or not we need any notice for a payment - please refer to your account terms & conditions.
There is no charge for a payment by cheque or making a cash withdrawal.
To find out more about paying money into or out of your account visit Managing your Chelsea Building Society accounts.