BACS definition

BACS means the Banks Automated Clearing System;
BACS means the Bankers Automated Clearing System which is an automated method for making many types of corporate payments and collections.
BACS means the Bankers' Automated Clearing System as amended or supplemented from time to time or any scheme replacing the same;

Examples of BACS in a sentence

  • It is the Customer’s responsibility to de register MHR as their BACS Bureau.

  • The funding of the BACS payments will be through the Customer’s nominated bank account.

  • These dates may also be varied by mutual consent of both the Customer and Company and by dates nominated by BACS as non-processing days.

  • We normally accept payment by BACS or the following credit/debit cards – Visa, Mastercard.

  • Maintain appropriate limits with BACS to ensure control over payments being made.


More Definitions of BACS

BACS means the Bacs payment scheme used by UK Banks for the electronic processing of f inancial transactions, principally Direct Debits and Bacs direct credits;
BACS means Bacs Limited or, as the context may require, Bacs Payment Schemes Limited, and includes any entity which succeeds in whole or in part to the rights, obligations, functions and responsibilities ascribed to or contemplated as applicable to Bacs Limited or Bacs Payment Schemes Limited (as the case may be);
BACS means BACS Ltd (formerly known as Bankers‟ Automated Clearing Services);
BACS means the Bankers Automated Clearing Service;
BACS means Bankers Automated Clearing Service;
BACS means the Bankers Automated Clearing System – an electronic system which allows payments and transfers of money.
BACS means the Bankers Automated Clearing System.