When you want to ensure that a supplier or employee is paid on an agreed date or you would like to collect Direct Debits to your business account(s), one of the most efficient and cost-effective methods of payment and collection is via the Bacs automated electronic payment system. At The Co-operative Bank, we can set businesses up as Bacs Service Users in order to send and collect funds between bank accounts.

Bacs Direct Credits

Bacs Direct Credit is a secure service enabling organisations to make payments directly into another bank or building society account.

It's typically used for making high volume regular or one-off payments such as salaries, pensions, state benefits and tax credits.

Bacs Direct Debits

A Bacs Direct Debit is an instruction to collect regular payments from customer accounts such as subscriptions, memberships or charitable donations. 

Important Documents

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

To apply, you and the key parties must meet the following criteria

  • Aged 18 or over
  • Be a UK resident
  • Be a sole trader, partner or director with authority to borrow on behalf of the business or organisation.
  • Hold or open and maintain a business current account with The Co-operative Bank
  • Require the lending for business use

    Ready to apply?

    Your application is subject to status and based on an assessment of your financial circumstances.

    Note: to apply for any lending product, you must maintain a business current account with the Co-operative Bank

    Please ensure you read the important documents above and save copies of them for future reference

Indirect Service User

Bacstel-IP Bureau User Application Form

Download Bacstel-IP Bureau User Application Form PDF

Bacstel-IP Bureau User Terms & Conditions

Download Bacstel-IP Bureau User Terms & Conditions PDF

Direct Service User

Should you require any further information or help please contact

Business Account Support

Contact us

If you'd like more help & information, you can: