From once-off real-time transactions to recurring bulk payments, our simple, reliable, secure payment options give you the freedom to move funds as your business demands, and pay staff and suppliers easily and on time. There are three payment options in the UK. CHAPS, the Bank of England’s real-time gross settlement system (RTGS), allows for real-time GBP payments. BACs is used for non-urgent, usually high volume and low-value GBP payments like payroll or expenses. Another option is Faster Payments, a simple payment system between UK bank accounts that is cheaper than CHAPS and faster than BACs. Making payments in the EU? SEPA (Single Euro Payments Area) is the pan-European payment method used for non-urgent, usually high-volume and low-value EUR payments. Paying global suppliers? International payments like Cross-border, SWIFT or wire transfers via our network of correspondent banks are ideal for single, urgent payments.