Making & Receiving Domestic Payments
Secure and efficient payment solutions for domestic payments.
Payment options for all your business needs, from bulk payments for wages, to one-off or regular payments to suppliers, or collecting Direct Debits from your customers.
Electronic payments
Our comprehensive range of Sterling electronic payments including Bacs, CHAPS and Faster Payments enables you to make one-off, or bulk payments securely and efficiently, whether you are paying suppliers or staff.
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- Secure electronic remittance of regular payments directly via Bacs
- Make and receive regular or non-urgent payments efficiently
- Industry standard three-day payment processing cycle
- Improve debtor control through Direct Debit collection
- Bank of Scotland offers assorted ways to submit payments to the Bacs Scheme based on your business needs, from online banking to host to host or dedicated Bacs software.
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- Secure, reliable and fast
- Same business day payment*
- Funds cleared on day of receipt
- No upper limit on payment amounts
- Payments can be made via online banking, host to host or API
*Cut off times apply.
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- Quick and simple to send and receive money
- Instant payments – funds arrive within 2 hours
- Schedule payments in advance
- Payments made through online banking, host to host or API
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Cash and Cheque solutions
Secure and flexible solutions for bulk cash and cheque collection and delivery with access to a nationwide cash network, as well as our own branch network.
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- Delivery and collection service for high volumes of cash
- No maximum limit for delivery or collection¹
- Minimum cash delivery of £10,000
- Minimum cash collection of £7,500, with up to 5% of coin
¹No maximum limit for collection other than that imposed by your cash in transit provider.
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- Cash delivery and collection service at your premises
- No minimum limit for delivery or collection
- Maximum cash delivery of £3,500, with up to £1,000 coin and £2,500 in £5 notes
- Maximum cash collection of £7,500, with up to £1,000 of coin
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Bank of Scotland Smart Safe offers same-day value for notes deposited in the device and is a fast and secure way of counting and storing notes on site.
- Two device options available with £20k and £40k capacities
- Smart Safe device and collections are provided by G4S
- No need to wait for a collection to receive your funds into your account
- On working days, notes deposited before agreed cut-off time or 8pm (whichever is earlier) will be received the same day
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- Cash delivery and collection service at your premises
- No maximum limit for delivery or collection
- Minimum cash delivery or collection of £2,500
- Business Current Account balance updated automatically and deposited funds available by end of day two
- Access to ancillary services, e.g. wage packets, at extra cost
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- Cheque deposit service
- 2-day clearing process if cheques reach the iPSL clearing centre by 19:30 on a business day
- Deposit up to 250 cheques within each submitted bundle
- Lower and transparent fees compared to standard branch counter processing
- Access to ancillary services, e.g. stationery for cheque submission
Cardnet® is a registered trademark of Lloyds Bank plc.