Bacs Direct Credit

GPTKB entity

Statements (28)
Predicate Object
gptkbp:instanceOf electronic payment system
gptkbp:acceptsPaymentMethod push payment
gptkbp:currency GBP
https://www.w3.org/2000/01/rdf-schema#label Bacs Direct Credit
gptkbp:introducedIn 1968
gptkbp:maximumLoanAmount no official limit
gptkbp:operatedBy gptkb:Bacs_Payment_Schemes_Limited
gptkbp:processingDays Monday to Friday
gptkbp:regulates gptkb:Payment_Systems_Regulator
Financial Conduct Authority
gptkbp:relatedTo gptkb:CHAPS
gptkb:Bacs_Direct_Debit
gptkb:Faster_Payments
gptkbp:requires account number
sort code
gptkbp:settlementPeriod three working days
gptkbp:usedFor tax credits
refunds
dividends
expenses
salary payments
supplier payments
pension payments
state benefits
gptkbp:usedIn gptkb:United_Kingdom
gptkbp:website https://www.bacs.co.uk/
gptkbp:bfsParent gptkb:Bacs_Direct_Debit
gptkbp:bfsLayer 7