The Bank of England has proposed extending CHAPS settlement hours to 01:30 as the initial phase of its “RT2” upgrade, according to a consultation paper published on 24 October 2025. If implemented, UK banks could gain almost four additional night-time hours for processing fast interbank payments, which are often used by land-based and online casinos for high-value withdrawals. The new window could shorten ‘same-day withdrawal’ cut-off times for British casino players and reduce the wait for larger payouts, particularly for transactions initiated just after midnight. The proposal remains under consultation, with a potential implementation date set for 2026. Full source: Bank of England.
Currently, CHAPS (Clearing House Automated Payment System) enables same-day, high-value transfers between banks in the UK, with existing settlement hours typically ending before early morning. The proposed shift would allow casino operators—especially those processing large withdrawals outside regular business hours—to send funds more quickly.
- Proposal: Extend CHAPS operational hours from evening to 01:30.
- Potential impact: Faster overnight withdrawals for players, especially on large wins.
- Status: Open for industry feedback; no final decision yet.
For players, this move could mean less waiting time for high-value withdrawals made after midnight. As the Bank states, “Faster settlement will help align payment services with modern, round-the-clock customer expectations.”
The proposal is part of the broader RT2 initiative, designed to modernise the UK’s real-time payment infrastructure.
For further details on fast payouts, payment methods, and regulatory news, see:
- Fast Payouts
- Withdrawals via Bank Transfer
- Instant E-wallets vs Card Withdrawals
- Safe Online Casinos
- Common Casino Withdrawal Issues
Players and operators can review the official consultation at the Bank of England’s website. Changes will not take effect until at least 2026 and are subject to industry input.
