Bacs welcomes Danske Bank as new member

Danske Bank has become the first non-UK based bank member of Bacs.

Bacs is the membership-based, industry body responsible for the processing of electronic payments in the UK. Its current Members include 13 of the UK’s leading banks and building societies.

Danske Bank, the largest bank in Denmark and a leading player in the Scandinavian financial markets, will now join the existing members in overseeing the running of Bacs and its payment services including Direct Debit and Direct Credit. The membership furthers Danske Banks interests in the UK after acquiring Northern Bank at the end of 2004.

Michael Chambers, Managing Director of Bacs said; ‘We are pleased to welcome Danske Bank as a Bacs member bank and our first non-UK member. Since the creation of Bacs at the end of 2003, we have been working towards making membership of Bacs more accessible. This latest news shows that we are already some way to achieving this objective.”

Further information on becoming a Bacs member.

For more information about Bacs and our services visit Bacs key facts.

Contact Bacs press office.


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