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Bacs Direct Credit

At First Capital Cashflow, in addition to your Direct Debits, we can also process your Bacs Direct Credits.
Many UK businesses are looking to make significant cost savings by switching payment methods from cash and cheques to Direct Credit, the electronic alternative provided by Bacs.

What is Bacs Direct Credit?

Bacs Direct Credit is a simple, secure way to make payments by electronic transfer directly into a bank or building society account.
Regular payments to employees and suppliers can easily be processed using First Capital Cashflow’s Bacs Direct Credit service.

What is Bacs Direct Credit used for?

Bacs Direct Credit is the easiest way to make payments and is used for a wide range of outgoings , including:

Immediate clearance – no more waiting up to five working days for your payments to clear

Efficient – dramatically reduces administrative time and costs

Secure – unlike sending a cheque or cash, Bacs Direct Credit payments cannot be lost, stolen, or delayed in the post

 

 

The benefits of Bacs Direct Credit

The benefits of using Bacs Direct Credit to make payments include:

  • Immediate clearance – no more waiting up to five working days for your payments to clear
  • Efficient – dramatically reduces administrative time and costs
  • Secure – unlike sending a cheque or cash, Bacs Direct Credit payments cannot be lost, stolen, or delayed in the post. Your payment arrives safely and securely into the recipients’ bank account.

If you would like to discuss your Bacs Direct Credit requirements further you can Contact Us or call our specialist team on 0344 826 6700.