BACS definition

BACS means the Bankers’ Automated Clearing Services, which is a scheme for the electronic processing of financial transactions within the United Kingdom;
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BACS means the Banks Automated Clearing System.
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BACS the Bankers’ Automated Clearing Services, which is a scheme for the electronic processing of financial transactions within the United Kingdom;
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Examples of BACS in a sentence

  • Payment method The payment method for this Call-Off Contract is BACS.

  • All payments by the DFE will be made via BACS within 30 days of receipt of the relevant payment claim.

  • We normally accept payment by BACS or the following credit/debit cards – Visa, Mastercard.

  • RENT PAYABLE PAYMENT METHOD £ RENTAL AMOUNT PAID IN ADVANCE ON OR BEFORE THE 1ST OF EACH MONTH SHOULD BE MADE BY STANDING ORDER OR BACS PAYMENT ONLY, PAYABLE TO THE ACCOUNT BELOW: IMPORTANT: Use REF DEPOSIT TAKEN TERMS £ RENTAL AMOUNT Payable to Let-Leeds Ltd as clear funds on commencement of the Tenancy and Held by the DPS in accordance of the Terms and conditions set out by the DPS.

  • Payment method: The payment method for this Call-Off Contract is by BACS transfer (details to be provided by the Supplier) monthly in arrears based on the costs and expenses incurred in the preceding month.


More Definitions of BACS

BACS means the Bankers Automated Clearing System which is an automated method for making many types of corporate payments and collections.
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BACS means the Bankers' Automated Clearing System as amended or supplemented from time to time or any scheme replacing the same;
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BACS means BACS Ltd (formerly known as Bankers‟ Automated Clearing Services);
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BACS means the Bacs payment scheme used by UK Banks for the electronic processing of f inancial transactions, principally Direct Debits and Bacs direct credits;
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BACS means Bacs Limited or, as the context may require, Bacs Payment Schemes Limited, and includes any entity which succeeds in whole or in part to the rights, obligations, functions and responsibilities ascribed to or contemplated as applicable to Bacs Limited or Bacs Payment Schemes Limited (as the case may be);
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BACS means the Bankers Automated Clearing Service;
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BACS means the Bankers Automated Clearing System.
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