Bacs Bank Transfer. Reliable money transfers to foreign bank accounts this christmas. In 2017 over 6 billion uk payments were made through bacs payment systems with a combined value of roughly 5 trillion.
Reliable money transfers to foreign bank accounts this christmas. What is the meaning of bacs. Ad transfer money online in just a few clicks.
What does bacs stand for.
Bacs direct credit is used to pay eight in ten employees in the uk whether thats wages salaries or benefits as well as for settling business to business invoices. However only a bacs payment can be used for a direct debit. On the main ive heard this method is perfectly safe and often preferred. International money transfer provider of the year 2020.