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.

Please note, our Tariffs are changing with effect from the 19th June 2018. Please see below for further information

BACS Automated Payments Tariff Current charge New Charge
BACS File Charge £5.00 £3.00
BACS Item Charge 6p 14p

 

This is a charged service, for details of the charges see the

BACS Tariff effective until 18 June 2018 (PDF)

BACS Tariff effective from 19 June 2018 (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

CHAPS (Clearing House Automated Payment System) is a method of making same-day electronic sterling transfers, for any amount, to clearing banks in the United Kingdom.

A request received before 4:30pm will be processed the same day – after 4:30pm, it will be processed the next business day. Once a CHAPS payment has been sent, it cannot be returned. There is a standard charge of £25 for each payment.

To arrange to send a CHAPS payment, a signed request is required:

  • Fax in a request to 0161 839 2163
  • Email a scanned request to chapsrequests@co-operativebank.co.uk

Both requests need to be signed in accordance with your account mandate.

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.