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BACS Direct

A simple and speedy way to make and collect payments automatically

This service enables any business with suitable computer facilities to collect or make regular payments without the use of paper vouchers or cheques, cost-effectively and securely.

BACS Direct is suitable for any business that regularly receives or makes payments such as insurance premiums, subscriptions, salaries and wages, pensions, or interest payments.

Saves time

Funds are available for use as soon as they reach your account

Improved debtor control

To find out more, call into your local branch or call 0845 072 5555 (open 8am to 8pm Monday to Friday and 9am to 1pm Saturday) to speak to one of our relationship managers.

Features & Benefits of BACS Direct

You supply payment details via Telecom/Bureau input.
Accounts are credited and debited on the same day.
For extra security, password access is provided for nominated personnel only.
Improved cashflow as money is released and received on the same day.
Reduced costs through less paperwork, postage and stationery.
It eliminates book-keeping errors.
Debtor control is improved, as you are notified of unpaid debits quickly.
There is a set up fee of either £250 for Direct Debits or £150 for Direct Credits.
The item charge will be either free or 10p depending on your chosen tariff.

Lloyds TSB follows the industry standard processing cycle of three working days. Find out more information about the cheque clearing process for automated payments.

View our Business Extra Tariff and Electronic Business Tariff.

Compare our tariffs side by side

How do I open a new BACS Direct?

At your local branch
Drop in to your local branch to complete an application form.

By phone
Call 0845 072 5555 (open 8am to 8pm Monday to Friday and 9am to 1pm Saturday) to make an appointment.

Let us help you

How to get paid on time and improve your cashflow
Good credit control doesn’t just happen. Here’s how to make sure you have an effective system in place to get paid on time if you don’t get paid upfront.

Internet banking
Your account information at your fingertips.

Useful Information

Lloyds TSB Commercial is a trading name of Lloyds TSB Bank plc and Lloyds TSB Scotland plc and serves customers with an annual turnover of up to £15m.
Lloyds TSB Bank plc and Lloyds TSB Scotland plc are authorised and regulated by the Financial Services Authority under numbers 119278 and 191240 respectively.
Licensed under the Consumer Act 1974 under registration numbers 0004685 and 0198797 respectively.
We subscribe to the Lending Code; copies of the Code can be obtained from www.lendingstandardsboard.org.uk.
Both companies are members of the Financial Services Compensation Scheme and the Financial Ombudsman Service. (Please note that due to the schemes’ eligibility criteria not all Lloyds TSB Commercial customers will be covered by these schemes.)
Lloyds TSB Commercial Finance is a trading name of Lloyds TSB Commercial Finance Limited.
When using these products and services your agreement will be with a Lloyds Banking Group company whose terms and conditions will apply.

Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.
If you need to call us from abroad, or prefer not to use our 0845 number, you can also call us on +44 (0)1733 347338 to speak to one of our advisors.