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Bacs is a simple to use, cost effective funds transfer service. It allows you to make regular or occasional electronic payments directly into bank and building society accounts. As well as salaries and wages, you can also use Bacs Direct to make or receive payments such as insurance premiums, subscriptions, pensions, or employee expenses.
You can apply by calling our Bacs Service Unit on 0870 850 0631
There is a standard 3-day cycle for Bacs payments:
Bacs payments received by 3.30pm (by fax) / 5pm (by telephone) will be processed that day. Any payments received after 3.30pm (by fax) / 5pm (by telephone) will be processed on the next banking business day which will then be Day 1 in the cycle.
There are a number of different ways to make Bacs payments shown below – for the best solution for your business, please talk to your Relationship Manager.
You can make single Bacs payments online through Business Internet Banking. Businesses can have up to 50 beneficiaries set up online at any given point. Internet Banking is available 24 hours a day, 7 days a week. However, there may be times when the system is unavailable due to essential maintenance.
You can make single and multiple Bacs payments through Corporate Online. Corporate Online is available 24 hours a day, 7 days a week. However, there may be times when the system is unavailable due to essential maintenance.
You can request single Bacs payments through Telephone Banking by calling 0345 300 0268.
If your business makes regular high volume Bacs payments (over 200 transactions per month) BACSTEL-IP offers a direct and indirect service.
You can either:
Either way, the data transfer is fast, secure and reliable, and you will also benefit from online reporting and confirmation receipts.
Your customers fill in a Direct Debit Instruction (DDI) giving their name, their bank's address and account details. When the DDI is complete, a collection date is agreed and the form signed.
Once your company wants to collect a payment from a customer, you create an electronic file and send the Direct Debit data to Bacs. This can be done directly, via the Bacstel IP software, or indirectly, through a Bacs Bureaux.
Costs for purchasing the Bacstel-IP software or making use of a Bacs Bureau may prove expensive if your business only makes a small number of Bacs payments, so please consult your Relationship Manager for guidance.
When you join the Bacs service we will charge you a registration fee. We will also charge transactional fees for each file (batch) and each item processed.
Your set-up costs and associated fees for Bacs will then depend on whether you choose to become a direct or indirect submitter.
Speak to your Relationship Manager about the most suitable method for your business or call our Bacs Service Unit on 0870 850 0631.
Call our Bacs Service Unit on 0870 850 0631
If you'd like to bank with us call 0345 606 0286
New customers0345 606 0286
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