Direct crediting via BACS
For secure, efficient, easy to mange electronic payments
The secure BACS electronic funds transfer system is an efficient, secure and cost-effective way for you to make all kinds of regular payments – from salaries to dividends to expenses - direct to accounts held at UK banks and building societies
Key benefits
- Easy to operate – you will be able to submit payments to BACS from your PC or through a processing bureau
- Access to a range of payment services – your business will be able to use a range of online services provided by BACS
- Set up advance payments - arrange payments at a time that suits you up to 70 days in advance
- Fast payments - processed over three days
- Monitor payments - track the status of your payments and access online reports
- Make euro payments - credit a payee's euro account (intra UK only)
- Security - all your payments will be protected by state-of-the-art Public Key Infrastructure and smart card technologies
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Alternative payment services
If your business uses Bankline you can make immediate payments under £10,000 using the Faster Payments service, or choose the same-day CHAPS service for larger payments.