The Bacs Payment Service allows businesses to submit their payments to the Bacs payment system directly, helping to protect your businesses security and creating clear and simple auditing processes
Send your payments directly to Bacs, or through an approved bureau, up to 70 days in advance
All your submissions are protected by smart card technology, which keeps your payments safe and secure
Access your Bacs payment reports online, with payments being processed over a 3-day clearing cycle. As long as the data is received by 10.30pm on the first day, the payment will arrive by 9.30am on the third day.
Automatic payments remove the worry of needing cash or cheques. Public Key Infrastructure (PKI) ensures your payments are processed securely.
Smart cards are used to authenticate users before they can send payment data.
You can request the service by contacting your Relationship Manager or our Cash Management team. They will happily guide you through the process.
We will need to know:
We’ll need to establish a Bacs settlement limit before your business can use BACSTEL-IP.
If you exceed this limit, charges will apply.
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