You can send payments directly to Bacs, or through an approved bureau, up to 70 days in advance.
Your submissions are protected by smart card technology.
You’ll be able to access Bacs payment reports quickly online.
Automatic payments remove the worry of having to carry cash or cheques. Public Key Infrastructure (PKI) ensures your payments are processed securely.
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 also need to set a Bacs settlement limit before you can use Bacstel-IP.
If you go over your agreed limit, there will be a charge.
Bacstel-IP users who are responsible for making payments will need to use smart cards to authenticate their Bacs connection before they send payment data.
Your payments will be processed over a 3-day clearing cycle. As long as data is received by 22.30 on day 1, payment will be received by 09.30 on day 3, and your account will be debited on the same day.
Which online banking solution is best for your business? Get the basics, add Bacs and CHAPS, or go for our full commercial platform.
Your eligible deposits with Metro Bank are protected by the FSCS.