BACS
Take direct control of your payments electronically
Make multiple payments efficiently and economically. BACS from Clydesdale Bank offers you a Direct Credit facility and a Direct Debit Originator facility, both saving you time and money. With Direct Credit, you can make payments via electronic transfer, such as regular payments to suppliers or employees salaries. While with Direct Debit, you can collect payments from another bank or building society account.
- Significant savings compared with traditional payment processing methods
- Secure and reliable, reducing the risk of fraud
- Keeps your administration time to a minimum, only payee account number, payee's name and sort code required
To find out more:
- Call into your nearest branch (opens in a new window) or call 0845 606 4455
- If you’re an existing Business customer, contact your Business Manager
- Existing Business Direct customers, call 0845 606 4455
Direct Credit
- Simple – quickly and easily administered
- Quality – provides the potential for enhanced trading relationships and customer service
- Flexible – bureaux may accept data by fax, telephone, post or electronically
- Extras – additional services such as preparation of payrolls and payslips may also be provided
Direct Debit
- Robust – simple, secure and reliable with the added benefit of less paperwork
- Control – you remain in control of the process at all times
- Improved management – over date of receipt of payments
- Cost-effective and secure – cheaper than cheques and safer than cash
- Reliability – guaranteed payments, with automatic reporting of non-payers
- Choice – range of Direct Debit options available
Further Features
- Easy access via an office-based PC (through a serial port and BACS approved software)
- Direct submission – available through the BACSTEL-IP access channel
- Indirect access – available to smaller businesses who may operate through a bureau
- Both Direct Debit and Direct Credit operate on a 3 day cycle. Payment instructions are received on Day 1 (Input Day) and processed overnight for distribution by the banks and building societies on Day 2 (Processing Day). On Day 3 (Entry Day) the amount to be paid or debited is collected. The debit, from the payer’s account, and the credit, which is paid into the payee’s account, occur simultaneously reducing the risk of fraud or error
- Account maintenance – view your submission history, access reports and maintain details of service users and contacts
- Trade Payments can be processed
- Direct Debiting Scheme – paper-based Direct Debit Instructions available (DDI)
- AUDDIS – Automating the process and Paperless Direct Debit available
Complementary Solutions
Important Information
- Alternative option – ClydePay
- Costs
- BACS DIRECT-IP
- Charges are collected quarterly
- Per item charge
- Overlimit charge
- Standard Indemnity for Direct Debit Scheme
- Standard charges can be found in the interest rates and charges section. Speak to your Business Manager or Business Advisor for more details
- BACS DIRECT-IP
- Terms and conditions
- Full terms and conditions are available on request
Clydesdale Bank PLC is authorised and regulated by the Financial Services Authority. Credit facilities other than regulated mortgages are not regulated by the Financial Services Authority. Clydesdale Bank PLC, Registered in Scotland (No. SC001111), Registered Office: 30 St. Vincent Place, Glasgow, G1 2HL. A member of the National Australia Bank Group of companies.