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It stands for 'banks automatic clearing service' which allows people to transfer money instantaneously from their own account to someone else's account without writing a cheque.
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∙ 9y ago
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When was BACS created?
BACS was created in 1968.
BACS payment clearance time in abbey?
3 working days. Same as most UK banks.
What does the bank term 'BACS' stand for?
BACS is an acronym for "Bankers' Automated Clearing Services."
What percentage of motercyclists killed in fatal crashees had bacs of 0.08 or greater?
30%
What percent of motorcyclists killed in fatal crashes had BACs of 0.08 or greater?
30 percent
What percent of motorcyclists killed in fatal crashes had BACs of 0.08 percent or greater?
30 percent
Who was the inventor of BACS electronic transfer of funds system between banks?
The inventor of the Bankers' Automated Clearing Services (BACS) was Dennis Gladwell. It was started in 1968 as a way to set up electronic bank transfers between banks, eliminating the need for paper documents.
How may employees be paid?
check or cheque, cash, BACS (bank credit), in kind (food and lodging for example)
How can People can help prevent their BACs from rising to dangerous levels by?
People can help prevent their BACs from rising to dangerous levels by
What is a bacs payment?
Bankers Automated Clearing System a transfer of money electronically from one bank to another without a cheque or postal system.
What bank has sort code 30-16-35?
Bank of America NT & SA: London Swift ID BOFAGB22 This is a BACS sort code.
What are some examples of cash transfers?
Temporary Assistance for Needy Families (TANF) Social Security Unemployment insurance Workers' Compensation SWIFT FPI, BACS, CHAPS
