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To find out who you need to pay a BACS (Bankers' Automated Clearing Services) payment to, check the invoice or payment request you received, which should include the payee's bank account details. If you’re unsure, contact the person or organization requesting the payment directly for confirmation. Additionally, you can review any relevant contracts or agreements that might specify payment details.

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4mo ago

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Related Questions

What is BISL BACS account?

BISL BACS account refers to a Bankers' Automated Clearing Services (BACS) account provided by the Bank of Ireland Securities Services (BISS). BACS is a system used in the UK for electronic funds transfers and direct debits. The BISL BACS account allows customers to automate payments and collections, streamlining financial transactions. It is a secure and efficient way to manage payments electronically.


What does 'bisl' mean in Yiddish?

A "bisl" means "a little."


Are bisl bacs direct the same as direct dial?

No, BACS (Bankers' Automated Clearing Services) direct debit and direct dial are not the same. BACS direct is a payment method used in the UK for processing bank transactions electronically, while direct dial refers to a telephone feature that allows users to call a specific number directly without going through an operator. They serve different purposes in finance and telecommunications, respectively.


When was BACS created?

BACS was created in 1968.


What is bisl bacs direct debit?

BISL refers to BISL Limited. It's an Independent Insurance Intermediary, may it be for Car, Van or Home Insurance. Call them at 08002941680They recently took £150 by unauthorised direct debit from my buss account, i contacted Lloyds about this who then gave me instructions to first ring this company to let them know about the transaction, i spoke to a friendly lady called Sherry who was happy to help and confirmed that this direct debit was not made in my nameeven though it was my account number, which she believed could have been a simple mistake by the customer putting a digit wrong when putting down their own account number, but in the interest of fraud they were going to look further into this.I then got back in touch with Lloyds and requested an Indemity claim against this transaction which BISL had confirmed and this money will now be placed back into my account by 5pm the same day.


What does the bank term 'BACS' stand for?

BACS is an acronym for "Bankers' Automated Clearing Services."


How does bacs work?

Bacs, or Bankers' Automated Clearing Services, is a system used for electronic payments in the UK. It enables payments to be processed and settled between bank accounts. Companies use Bacs to make salary payments, settle bills, and collect direct debits from customers.


What are BACS contingency payments?

BACS contingency payments are alternative payment methods used in the UK when a standard BACS (Bankers' Automated Clearing Services) payment cannot be processed. These payments serve as a backup option to ensure that funds are transferred even if there are issues with the original BACS transaction. Contingency payments can be executed via methods like Faster Payments or CHAPS, providing a quicker resolution to avoid delays in payment. They are particularly useful for time-sensitive transactions.


What percentage of motercyclists killed in fatal crashees had bacs of 0.08 or greater?

30%


How does bacs appear on lloyds statements?

On Lloyds bank statements, BACS payments typically appear as "BACS" followed by the transaction details, including the date and the amount. The description may also include the name of the payer or payee for easy identification. These entries are usually categorized under the transaction type, making it straightforward to differentiate from other transactions like card payments or direct debits.


What percent of motorcyclists killed in fatal crashes had BACs of 0.08 or greater?

30 percent


What does BACs means on a bank statement?

BACs stands for "Bankers' Automated Clearing Services." It is a payment method used in the UK for electronic bank transfers, allowing funds to be moved directly between bank accounts. On a bank statement, BACs transactions typically indicate payments received or made, such as salaries, bill payments, or direct debits. This system is known for its efficiency and reliability in processing bulk payments.