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Bank of Scotland Telepay is an outsourced service that’s ideal if your business performs up to 150 Bacs transactions a month. It uses the Bacs system to process all your regular business payments, from weekly wages and monthly salaries to expenses and payments to suppliers. This simple, efficient automated payments service can save you time and valuable resources.
You can apply by calling 0345 300 0268
Our Telepay service is operated through Parseq*, an established processing bureau, who provide a confidential, secure and high quality payment service.
Payment instructions can be submitted to Telepay up to 30 working days in advance of the date you require the payment to be made, but must be submitted at least two working days before the crediting day.
Telepay follows the standards 3-day Bacs cycle:
Applying for this product is simple. For more details or for guidance on how to apply, please contact your Relationship Manager.
For rates and charges please read Your account charges explained leaflet (PDF).
* Please note that Parseq is a third party service provider and Bank of Scotland plc does not endorse the services they provide.
** Any payments received after 3.30pm (by fax) / 4.30pm (by telephone) will be processed on the next banking business day.
Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.
Please note that any data sent via e-mail is not secure and could be read by others.
Bank of Scotland plc Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Authorisation can be checked on the Financial Services Register at www.fca.org.uk under the Firm Registration Number 169628.
We subscribe to The Lending Code; copies of the Code can be obtained from www.lendingstandardsboard.org.uk
Bank of Scotland plc is covered by the Financial Services Compensation Scheme and the Financial Ombudsman Service. (Please note that due to the schemes' eligibility criteria not all Bank of Scotland business customers will be covered by these schemes.)
The Lloyds Banking Group includes companies using brands including Lloyds Bank, Halifax and Bank of Scotland and their associated companies. More information on the Lloyds Banking Group can be found at lloydsbankinggroup.com.
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