| Bankers Automated Clearing Services (BACS) 3 De Havilland Road Edgeware Middlesex HA8 5QA T: 08701650019 or 08700100699 F: 02089517498 (Service Desk 08701650018) www.bacs.co.uk servicedesk@bacs.co.uk M King Chief Executive BACS are the people who move DDs and Cheques around, and provide other practical services for banks and their customers. If you have a specific problem related to money transfers, these may be the people to talk to. They do not deal with disputes or problems as such. This is one of the world's largest automated clearing houses. It was established in 1968 and is owned by the major UK banks and building societies. The company deals with Electronic Funds Transfer (EFT) processing of Direct Debits, Credits, Standing Orders, information advices and the management of inter-bank network services. It processes over 3 billion financial transactions annually including (on average) more than 10 million Direct Debits and Credits every day. See also www.directcredit.co.uk/ "Direct Credit is a service that enables you to make payments by electronic transfer directly into bank or building society accounts. It is simple, secure and reliable, and dramatically reduces the administrative time and costs associated with traditional methods of payment." Learn more here about this BACS administered facility. |
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