Payment Options
Here you will find information about the different types of payment methods widely used and how the main payment systems in the UK operate.
- Plastic Cards
Plastic cards are the most popular form of payment in the UK.
- Automated Payments
Technology has had an impact on the way we make payments and increasingly we are choosing automated ways to pay such as direct debits, standing orders and Internet payments.
- Cheques & Bankers' Drafts
What cheques and bankers' drafts are and how the cheque clearing cycle works.
- Cash
2,500 years after the first use of coins as payment tokens and 300 years since the first Bank of England banknotes were issued, cash remains the most common payment method.
- CHAPS
CHAPS is an electronic bank-to-bank payment made within the UK in either sterling or euro.
- Cross-border Payments
A cross-border payment is a payment where the sender and recipient are in different countries.
