BACS Service

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As an approved BACS Bureau, Lateral Payments is authorised to transmit BACS (Bankers' Automated Clearing Services) payments.

BACS is a UK specific service that allows for electronic funds transfers directly into most UK bank or building society accounts. The amount and payment date is completely under your control. This makes it ideal for handling regular, yet variable payments like payroll or payments to suppliers, whilst keeping strict control of your cash flow.

You simply send us a secure FTP file with the amounts, the payment date and the details of the bank accounts to be credited and we will do the rest. All BACS payments have a standard clearance time of 3 Days.