Bacs Direct

• No software required.
• 24hrs a day, 365 days a year availability to make payment requests.
• Statements - Customers can view all their payments transactions on line for up to the previous 90 days.
• Bacs isn't just meant for salaries. You can also use Bacs transactions to pay pensions, employee expenses, dividends and supplier payments.
• Avoids the risk of theft or loss usually associated with cash and cheques.
• Negotiate more favourable payment terms by paying more efficiently.
• Make your money work for you up to the last minute by knowing exactly when funds will leave your account.
• Saves time and administration costs.
• Your account charges explained leaflet (PDF).

Business Internet Banking

Customers can benefit from making single Bacs payments online through Business Internet Banking. Businesses can have up to 50 beneficiaries set up online at any given point. This service uses the industry standard Bacs payment cycle.

Corporate Online

Customers can benefit from making single and multiple Bacs payments through Corporate Online.

Telephone Banking

Telephone Banking provides businesses with a complete payment solution for single Bacs payments, using the industry standard Bacs payment cycle.

BACSTEL IP

Businesses making regular high volume Bacs payments (over 200 transactions per month) could opt for a more direct processing route. BACSTEL-IP offers a direct and indirect service. You either submit your payment files directly to Bacs Ltd, from your own site - you'll need a PC, modem and Bacs approved BACSTEL-IP software - or if you'd prefer not to buy the software you can outsource the processing of your payment files to an approved Bureau. Either way, the data transfer is fast, secure and reliable, and you will also benefit from online reporting and confirmation receipts. BACSTEL-IP software purchase or Bureau fees could prove to be prohibitive for low volume customers.

Bacs Direct Debit

Your customers fill in a Direct Debit Instruction (DDI) detailing 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 could prove prohibitive for businesses making a low volume of transactions, so please consult your Relationship Manager for guidance.

For new customers, interested in Bacs Entry, post 1st March 2011, please refer to Telepay for more information and who to contact