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Q:

Is there a cut-off time for making payments through a PISP TPP?

A:

Yes there is, but they vary according to payment type:

  • Immediate Payment - 23:45
  • Next Day/Future Dated Payment - 23:59
  • CHAPS – 17:30

Bulk payments and imported payments have the same cut off times as their single payment equivalents. For example, a CHAPS payment within an imported payment file has the same cut off time as an immediate CHAPS (17:30).

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