Bacs

Keep on top of your payments electronically

Make multiple payments efficiently with Bacs transfers from Yorkshire Bank. Get a direct credit facility and a direct debit originator facility, both which could save you time and money. With direct credit, you can make payments via electronic transfer. While with direct debit, you can also collect payments from another bank or building society account, making your business banking easier. Subject to status. Charges apply. Business current account required.

• Make multiple payments efficiently
• With only payee account number, name and sort code required, administration time kept to minimum
• Secure and reliable, reducing the risk of fraud

Further features

• Easy access via an office-based PC (through a serial port and Bacs approved software)
• Indirect access – available to smaller businesses who may operate through a bureau
• Direct submission – available through the BACSTEL-IP access channel
• Direct debiting scheme – paper-based direct debit instructions available (DDI)
• AUDDIS – automating the process and paperless direct debit available
• Account maintenance – view your submission history, access reports and maintain details of service users and contacts

Important information

Alternative option – BusinessOnline

Costs

• Bacs direct (Bacstel-IP)
  • Charges are collected quarterly
  • Per item charge
  • Overlimit charge
  • Standard indemnity for direct debit scheme

Charges can be found in the interest rates and charges section. Speak to your relationship manager for more details. Full terms and conditions are available on request.