BACS definition

BACS means the Banks Automated Clearing System;
BACS means the Bankers’ Automated Clearing Services, which is a scheme for the electronic processing of financial transactions within the United Kingdom;
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

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

  • Bank details may be retained for the purposes of refunds and claims payments that may be made by BACS (Bankers Automated Clearing System).

  • The BACS details are: Account Name: City of London Corporation Bank: Lloyds Bank Plc, P.O. Xxx 00, Xxxxxx Xxxxx, Gillingham Business Park, Kent, ME8 0LS Sort Code: 30-00-02 Account Number: 00000000.

  • To enable a more efficient and effective transfer of funds for damages and costs firms should use BACS payments wherever possible.

  • XXXXX Contributions shall be paid by the Partners to the Delivery Body every six months (or otherwise agreed) by BACS transfer.


More Definitions of BACS

BACS means the Bankers Automated Clearing System which is an automated method for making many types of corporate payments and collections
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 Ltd (formerly known as Bankers‟ Automated Clearing Services);
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 the 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, which we use to pay money to your nominated bank account;