Bacs Direct

Bacs Direct allows you to make and receive payments cost-effectively and securely, without the use of paper vouchers or cheques. You can pay your insurance premiums, subscriptions, salaries and wages, pensions, or interest payments with our efficient online Bacs Direct facility.

Features and benefits

  • Supply payment details via Telecom/Bureau input.
  • Credit or debit accounts on the same day, with funds available for use as soon as they reach your account.
  • Issue nominated personnel with passwords, for extra security.
  • Arrange a limit to suit you.
  • Improve cashflow as money is released and received on the same day.
  • Reduce costs through less paperwork, postage and stationery.
  • Eliminate book-keeping errors.
  • Improve debtor control, as you are notified of unpaid debits quickly.

We charge a set-up fee of either £250 for direct debits or £150 for direct credits and an item charge of 10p, or nothing, depending on your chosen tariff.

We follow the industry standard processing cycle of three working days. For more information, go to our cheque clearing process page for automated payments.

View our Business Current Account.

How to apply

On the phone

0345 072 5555Call telephone number 0345 072 5555

Call us to talk to one of our business management team. Lines open 7am to 8pm Monday to Friday and 9am to 2pm on Saturday, except on UK bank holidays.

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Internet Banking

Internet Banking puts you in control of your finances, giving you time to concentrate on what is important - your business.

Find out moreabout internet banking.

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Business resource centre

Access our comprehensive range of online business resources and tools.

Find out moreabout the Business resource centre

Important legal information

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.

Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 020 7626 1500.

Calls may be monitored and recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.