Bulk BACS/CHAPS

Important information action required - Bacs Security Upgrade, find out more.

When you want to ensure that a supplier or employee is paid promptly or would like funds to be credited to your business account(s), one of the most efficient and cost-effective methods of payment and collection is via an electronic payment system. At the Co-operative Bank we offer Bulk BACS (Bankers Automated Clearing Services), Faster Payments and CHAPS (Clearing House Automated Payment System) to enable the direct transfer of money between bank accounts.

This is a charged service, for details of the charges see the BACS Automated Payments Tariff (PDF)
How we use your personal information
(PDF)

Before you apply, please ensure you meet with our eligibility criteria.

 

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).

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.

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.

BACSTEL-IP

Indirect submitter

If you are an indirect submitter and would like to apply for the new BACSTEL-IP service please download, complete and return to the Bank the application form below. Before returning your application form please ensure you have read and understood the terms and conditions.

Please read the following documentation...

(These will open as PDFs in new windows)

Should you require any further information or help whilst completing this form please contact Lending Services on 08448 448 446^.

Direct submitter

If you are a direct submitter and would like to migrate to the new BACSTEL-IP service please download, complete and return to the Bank the application forms below. Before returning your application forms please ensure you have read and understood the terms and conditions.

Please read the following documentation...

(These will open as PDFs in new windows)