CHAPS is a sterling same-day system that is used to settle high-value wholesale payments as well as time-critical, lower-value payments like buying or paying a deposit on a property. One of the key characteristics of CHAPS bank transfers is the fact that it is only used for sterling transactions within the United Kingdom. So, if you want to send a large sum of money from the US to the UK, from the UK to the US, or somewhere else entirely, you won't be able to use CHAPS. Currently Moorwand provides CHAPS IN - Overseas GBP