CHAPS
‘Clearing House Automated Payment System’. An electronic system that lets you pay money from one bank account to another on the same day. Banks often charge a fee for a CHAPS payment.
Popular terms
Ready-made pension
A simple, low-cost pension where you choose from four AJ Bell fund options.
Money paid in is automatically invested...
Pension builder
The Pension builder fund is AJ Bell’s low-cost standard option, designed to help you invest the money you’ve paid into...
Non-workplace pension
A type of pension that you set up yourself. You control how much you pay in (and when) as well...