When buying a house and transferring deposit from Barclays account, can I avoid the £20 CHAPS payment charge?

[Knan10]

When buying a house and transferring deposit from Barclays account, can I avoid the £20 CHAPS payment charge by just doing an online transfer of the amount using online banking?

It's around £35k (from barclays account to solicitor's account (lloyds account I believe) or it have to be a CHAPS payment?

If so, why?

You could do it via your banking app by faster payments ..you can do up to 50k...according to payment guru DH

www.barclays.co.uk/help/payments/payment-information/bacs-chaps-faster-payments/

The difference is chaps is guaranteed sane day, faster payments is 2 hours...but that can span working days due to processing cut offs. I think.

you can just transfer it up to a certain amount. depends on the bank. some allow 50k per day/transaction others 30k.
but - if you transfer it might take a couple of days (often it's instantly though)

I sent something like 25 separate faster payments to our solicitor to avoid a chaps fee I don’t know about Barclays specifically but FP usually has either a daily or transaction limit, so you just need to plan to send the money a few days in advance if doing via FP.

Thanks everyone :)

You might get into a big security knot sending such a large payment by faster payments and have to make phone calls to sort it out, at which point you'll wish you'd just paid the £20 for the bank to deal with it.

Is this the payment from your account or is this something that the solicitor is charging you for? As long as the solicitors get the money in good time you probably don't need to use CHAPS though as others have said it is faster and more secure. If it is a charge that they are adding onto your bill to forward your deposit then no I don't think that there is any way around it as they need to transfer the money quickly and securely.

And in the grand scheme of things...£20 against 35k is not worth sweating about

I almost feel like giving you the 20 quid