Using Bacs Direct Credit

Bacs Direct Credit is a service that enables you to make payments by electronic transfer directly into bank or building society accounts.

It is unrivalled as a quick, convenient and cheap alternative to cash or cheque payments.

Indemnity claims can easily be settled with the paying bank by Bacs Direct Credit, as well as making refunds to customer accounts for any one off errors. You could also offer Bacs Direct Credit as a repayment option to customers who have overpaid, for example on their budget account at the year end (in the case of utility bills).

In every case you benefit in terms of administration, processing costs and customer satisfaction.