Bank of England Resolves CHAPS Payment System Glitch

Technical issues delayed high-value transactions, including house purchases, but normal service has resumed.

The CHAPS system processes £360 billion worth of transactions daily, including high-value payments like house purchases.
Retail payment systems, including ATMs and card payments, were not affected by the glitch.
The Bank of England confirmed that the issue was not related to cybercrime and originated from a third-party supplier.
Similar outages occurred in August 2023 and 2014, affecting the same payment system.
The Bank advises contacting your bank if concerned about any pending CHAPS payments.