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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.
The 2018 Bacs processing calendar showing non processing dates and indicating Julian dates to assist with processing payment files