BACS Payment

BACS services are an efficient solution of paying invoices directly into your bank account by direct credit.

Banks Automated Clearing System (BACS) was originally set up by the UK banking industry as a more secure and effective way to process payments of multiple financial transactions. BACS payments are generally used to automate banking payroll systems and replace the traditional paper-based method of billing payments through collection by cheque or cash.

90% of workers within the UK were paid using BACS transfer during 2007.

BACS services are operated alongside all the leading high street banks and helps process millions of direct payments each week for business, local council and financial institutions. BACS is universally trusted as the most risk-free form of payment processing and many businesses now regularly make use of convenient BACS payments for electronic money transfers.

As a BACS bureau we have exceeded the most stringent and robust vetting process by BACS, in association with APACS and the UK banking industry to provide BACS services to every business. 
 

Advantages of BACS Payment :

• Automates regular secure payments for goods or services.
• Helps reduce banking charges of up to 80% when compared to more conventional bank payments, using cheque or cash payments.
• Reduces the administration time of transferring bulk payments.
• Automated payments remove the need to write and post cheques.
• Direct payments are cost effective by delivering payments electronically.
• BACS transfer are secure payments that eliminates the risk of outstanding cheques being delayed or mislaid within the postal system.

How long do BACS payments take to clear ?

Money transfers can be cleared within three working days.
 
How to set up BACS payments ?

For further details on our BACS payment services please contact us here.