Bacs

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NON-BANK PAYMENT SERVICE PROVIDER ACCESS TO SETTLEMENT ACCOUNTS

Automated payments are at the very centre of the UK’s financial system, providing an essential service for both consumers and organisations.

Bacs is the company which runs Direct Debit in the UK. We also run the Bacs Direct Credit Scheme, which is used to pay salaries and settle invoices from suppliers; this is commonly referred to just as Bacs.

RETURNED PAYMENTS

Help reduce your returned payments

Follow our simple best practices to help reduce your unapplied Bacs Direct Credits and unpaid Direct Debits

News centre

Current Account Switch Service figures published26.7.2017
The latest figures for the Current Account Switch Service show that almost 4 million (3,986,630) successful switches have taken place since the service launched in 2013.
Late payments costing smaller UK businesses more than £2bn a year11.7.2017
The UK’s smaller businesses are facing a total bill of £2.16 billion to chase overdue payments, according to Bacs.
Record tumbles as Bacs sets new processing high6.7.2017
An impressive 120,000 transactions in a single minute – that’s the new record set by Bacs, the organisation behind Direct Debit and Bacs Direct Credit in the UK.
Turkish Bank becomes first bank to implement Bacs’ new low cost access solution4.7.2017
A pioneering approach to access has seen Turkish Bank become the 18 th and latest member of Bacs Payment Schemes Ltd (Bacs), the company behind Direct Debit and Bacs Direct Credit.
New marketing toolkit launched to support billers promote Direct Debit15.6.2017
A free, online resource to help organisations promote and increase Direct Debit sign-up has been launched by Bacs, the company behind Direct Debit in the UK.
Real Tree-t for Colchester school6.6.2017
Staff and pupils from Kendall Primary School, in Colchester, were joined by the team from Bacs recently, to plant 130 native broadleaf trees.
The UK’s newest clearing bank joins Bacs Payment Schemes Limited31.5.2017
The UK's newest clearing bank, ClearBank, has become a member of Bacs, taking membership up to 17 leading financial institutions.

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Bacs summary of achievements 2016
Bacs key achievements across all areas of the business in 2016
Bacs wins a spot in UK’s Best Workplaces™ roll call
Bacs named one of the UK’s best workplaces, at a prestigious awards ceremony held 3 May
Bacs annual report and financial statements 2016
A record breaking year. The Bacs 2016 corporate report
The Little Bacs Book
The essential guide for making and collecting payments by Bacs Direct Credit and Direct Debit
Employee diversity
A pledge for gender balance across financial services

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Bacs cookie policy

NON-BANK PAYMENT SERVICE PROVIDER ACCESS TO SETTLEMENT ACCOUNTS

COMPETITION AND MARKETS AUTHORITY ANNOUNCES ITS FORMAL DECISION ON NEW PAYMENT SYSTEM OPERATOR

INTERVENTIONS TO FOSTER AN EFFECTIVE AND COMPETITIVE CURRENT ACCOUNT MARKET

DIRECT DEBIT CONSULTATION OUTCOMES

NEW GUIDE TO THE UK'S PAYMENTS SYSTEMS

PAYMENT SYSTEM OPERATOR DELIVERY GROUP PUBLISHES NEW REPORT

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