Using Bulk BACS
Bulk BACS provides you with an automated payment and collection facility. You can use it to facilitate regular payments including Direct Debits, subscriptions, salaries, supplier payments and loan repayments.
- If you issue more than 500 payments per month, you can take advantage of the next generation of automated payments technology – BACSTEL IP. Our service, bsecure uses Internet technology to provide a secure way to make payments.
- If you issue between 100 and 500 payments a month, the stand alone Bulk BACS package is available as part of our Financial Director service (please note this is a charged service).
To set up standard bill payments please log on to Business Online Banking or contact Business Account Support. Please note a maximum of 10 payments can be set up over the phone.
Using the Faster Payments Service
Please see the dedicated Faster Payments Service page for more information.
If you need to make or receive an urgent payment, the electronic, bank-to-bank payment system – CHAPS – is easy and fast. As long as funds are deposited by 3pm, the beneficiary can draw them on the same day.
To arrange to send a CHAPS payment, please contact the CHAPS team.
Please note that a fax may need to be sent to verify signatures.
Using an electronic payment service can make it easier to keep track of your expenditure and help to improve your cash flow. It also reduces the time spent on administration, freeing up employees to concentrate on core tasks.