Use Bacs for Direct Credits or Direct Debits
Bacs payments are ideal for processing large batches of UK payments that don’t require urgent same-day clearing. Bacs is often used for payroll, dividends, collecting bill payments and refunds.
Bacs Direct Credits
Submit Bacs Direct Credits payment files directly via HSBCnet or HSBC Connect, without relying on any third-party provider.
- Efficient ways of handling large number of small transactions
- File-based processing with bulk payment capability
- 3-day clearing cycle
Bacs Bureau
A Bacs Bureau is a third-party company that submits Bacs payments on your behalf, facilitating the payment process for you.
- Efficient ways of handling large number of small transactions
- File-based processing with bulk payment capability
- 3-day clearing cycle
Bacs Direct Debit
Bacs Direct Debit allows UK companies to collect GBP payments from your HSBC Innovation Banking account, if you have authorised them to do so.
- Pay your company’s UK bills and commitments via Direct Debit
- Simple way for you to pay recurring charges, automatically
- Save time as you don't have to initiate the payment yourself
- Protected by the Direct Debit Guarantee
