Notes to Editors:
Bacs has been maintaining the integrity of payment related services since 1968, with responsibility for
the schemes behind the clearing and settlement of UK automated payment methods, Direct Debit
and Bacs Direct Credit, as well as the provision of managed services for third parties, such as the Cash
ISA Transfer Service, and the development, management and subsequent ownership of the Current
Account Switch Service.
More than 120 billion transactions have been debited or credited to British bank accounts via Bacs
since its inception; in 2016, nearly 6.25 billion UK payments were made this way, while a new record
was set on 30 June 2017 with the number of transactions processed by Bacs in a single day reaching a
high of 111.7million.
A not-for- profit entity which has maintained carbon neutral status since 2012, Bacs is a membership
company limited by Guarantee.
For further information please visit www.bacs.co.uk.
More about Direct Debit:
A Direct Debit is an instruction from a customer to their bank or building society authorising an
organisation to collect varying amounts from their account, normally for regular payments for
everything from household bills to charitable donations. Almost nine out of 10 British adults have at
least one Direct Debit commitment, with 73 per cent of household bills paid this way; 62 per cent of
people in GB prefer to pay most bills by Direct Debit, and the number of people who feel positively
towards Direct Debit reached 77 per cent in 2016. Over 4 billion Direct Debits were processed in
2016, and Direct Debit payments are protected by the Direct Debit Guarantee, a money back
For more information about Direct Debit, visit www.directdebit.co.uk.