Bulk Payments Service
The Bulk Payments Service is available via Online for Business. It is a simple, convenient and secure way to make regular payments such as wages, expenses and supplier payments. The service is ideal for small and medium-sized businesses that wish to make up to 25 payments in one batch.
Once you have agreed a limit (similar to an overdraft limit) with your relationship manager, you can set up the bank account details of everyone you wish to pay, as well as the dates and amounts of payments.
- You determine the date of each payment.
- Payments can be set up from 2 to 30 working days in advance.
- Credits and debits are made at the same time – giving you up to two working days extra use of your money.
- A full audit trail allows you to stay in control of your payments.
- You may be able to reduce your bank charges by using the Bulk Payments Service instead of cheques or bank giro credits.
Read our step-by-step guide to using the service. (This pdf will open in a new browser window.)
