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By continuing to use the site you agree that we can save them on your device. Cookies are small text files which are placed on your computer and which remember your preferences/some details of your visit. Our cookies don’t collect personal information. For more information, please read our updated privacy and cookie policy, which also explains how to disable cookies if you wish to.

 

Bulk BACS/CHAPS

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.

 

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.

Using CHAPS

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.

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.

How we use your personal information (PDF)

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.

How we use your personal information (PDF)

Should you require any further information or help whilst completing this form please contact Business Account Support.