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- Bacs - Getting Started
Bacs - Getting Started
- UK payments are processed and distributed by a central body
called Bacs, a not-for-profit organisation owned by 16 leading
banks and building societies.
- Bacs is split into two companies - Bacs Payment Schemes Limited
(Bacs), which governs the scheme, and VocaLink, which is responsible for the
- Bacs operates two primary payment methods, Direct Debit and
Bacs Direct Credit (the latter is used to process the vast majority
of UK salaries).
- During an average year, Bacs processes in the region of 6
billion payments, totalling nearly £4 trillion GBP.
Bacs payments with ePay »
The Bacs Process
- A standard Bacs Direct Credit operates on a 3-day cycle. If you
want a payment to credit someone's account on Friday, you must
submit it before the deadline on Wednesday.
- Day 1: Files can be transmitted to Bacs via
specialist software, such as ePay, but they must be received by 22:30
(this window ends earlier for Internet banking users).
- Day 2: The payment is processed. At this point
it can still be recalled.
- Day 3: The amount value is credited to the
recipient's accounts and debited from the originator's
- Bacs payments can be scheduled for up to 31 days in advance of
the payment date, and can also be recalled as late as day two of
Bacs process with ePay »
- Direct submission means that by using a piece of software, such
as ePay, payment files are sent to Bacs and no middleman (such as
Internet banking or a bureau) is involved.
- Users upload, validate and authorise a file to send to Bacs,
using a Smart Card or HSM (Hardware Security Module) for
- The progress of the submissions throughout the Bacs process can
be tracked through the software.
direct to Bacs payments with ePay »
- An indirect submitter does not send payment information
directly to Bacs and instead relies on a middleman (such as a
bureau or bank) to send it on their behalf.
- Indirect submitters can use ePay Online to submit files via our
Bureau processes files from indirect submitters but transmits
these directly to Bacs.
Go direct to
Bacs and improve cost-effectiveness with ePay »