Bacs Payments are a secure electronic system to make and collect non-urgent, high volume and low value UK sterling payments directly from one bank account to another.
To submit Bacs payment instructions to the Bacs Scheme, businesses need a Service User Number (SUN) – a six digit reference number which identifies the business making Bacs Direct Credits or collecting Direct Debits. Businesses are able to apply to Lloyds Bank for sponsorship of a SUN.
There are two ways businesses with their own SUN are able to submit payment instructions to Bacs:
- Via Bacs-approved software – Lloyds Bank’s approved software solution is Pay and Collect Online
- Via a bureau – Lloyds Bank has a bureau solution for the collection of Direct Debits – Pay and Collect Online Direct Debit Bureau
Businesses without their own SUN can submit Bacs Direct Credit instructions to Bacs via online banking. Or if you’re looking to collect Direct Debits but do not have your own SUN, we can consider a referral to Eazy Collect – a Bacs-approved bureau and facilities management provider.
We charge a set-up fee of either £250 for applications including Direct Debits or £150 for a Direct Credit only application, then a fee per file and item submitted depending on your current account tariff.
For Bacs Direct Credits via Online Banking please see https://www.lloydsbank.com/business/payments/bulk-payments.html for more information on rates and charges
Important legal information
Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.
Telephone calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help us improve our quality of service.
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS).