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Time for businesses to get their Christmas payments all wrapped up



​Businesses across the country are being urged to plan ahead if they have essential payments
to make over the Christmas and New Year periods.

Bacs Payment Schemes Limited (Bacs), the company behind Direct Debit and Bacs Direct
Credit in the UK and now part of leading UK retail payments authority, Pay.UK, is reminding
businesses to make plans to ensure staff and suppliers don’t miss out because of the non-
processing days over the festive period.

For example, if payments are scheduled to reach recipients on Christmas Eve (Monday 24
December), then the last submission date to ensure money arrives on time is Thursday 20

For payments due to arrive in accounts on Thursday 27 December, then the latest date that
Bacs payment files can be submitted is Friday 21 December.

Similarly, if business owners are intending to pay staff or suppliers before the New Year, the
payment process must begin on Thursday 27 December at the latest. If money is due to
arrive on the first working day after New Year’s Day (2 January), then the last submission
date is Friday 28 December.

In order to help businesses stay one-step-ahead of their payment obligations Bacs has
produced handy payment processing calendars for 2018 and 2019 which can be found at:

Mike Hutchinson from Bacs said: “With a little forward planning, business owners can sit
back and enjoy their Christmas holidays knowing that all their scheduled payments to
employees and suppliers have been taken care of. Our processing calendar also makes it
easy to plan for all non-processing days throughout 2019.”

For further information contact our press office.


Notes to editors:

About Bacs

Founded in 1968, Bacs has processed over 130 billion payments in the last five decades. In 2017, a record 6.34 billion UK payments were made this way with a total value of £4.9 trillion, including over 4.2 billion Direct Debits. A new record was also set on 29th November 2018, with 123 million transactions processed in a single day.

On 1 May 2018, Bacs Payment Schemes Limited became a wholly owned subsidiary of the new home for UK retail payments, Pay.UK. The responsibility for the operations of Direct Debit, Bacs Direct Credit, the Current Account Switch Service, Cash ISA Transfer Service and the Industry Sort Code Directory were handed over to Pay.UK.

The Bacs payment systems are recognised as systemically important infrastructure under the Banking Act 2009. This means that, as the owner and operator of Direct Debit and Bacs Direct Credit, Pay.UK is regulated by the Financial Markets Infrastructure Directorate at the Bank of England.

For further information please visit

About Pay.UK

Pay.UK (previously the New Payment System Operator) maintains and develops the UK retail payment systems and standards that are core to the economy being able to function on a day-to-day basis. We are the leading authority for retail payments, working in the public interest to ensure that the systems the country relies on for its banking transactions are safe, open, innovative and resilient.

Our payment systems form a vital part of the UK economy – they underpin the services that enable funds to be transferred between people and institutions. In 2017, the UK’s retail payment systems processed more than 8 billion transactions worth £6.7 trillion through Bacs Direct Credit, Direct Debit, Faster Payments, and cheques.

Every day, individuals and businesses use the services we provide to get their salaries, pay their bills and make online and mobile banking payments. Our vision for the future is to enable a vibrant economy, with Pay.UK delivering the best-in-class payment infrastructure and standards for the benefit of consumers and businesses nationwide.

Find out more on our website: or get more detail on the systems we manage: