What is a BACS payment?

What is a BACS payment?

BACS stands for Bankers’ Automated Clearing Services. A BACS payment is an electronic payment made from one account directly to the other.

Why process payments via BACS?

There are many reasons why you might want to use BACS. Using a BACS payment service replaces the need to make payments via cheque or cash, saving you time and administration. It is an electronic system that transfers the funds directly from one bank account to another. It will eliminate the need to track individual payments as there will be one single debit from your account. BACS payments are most used for making fixed regular payments such as salaries, pensions and benefits.

What is the BACS payment process?

BACS payments take three working days to clear so cannot be used for same-day payments. The payment is made on the first day, the second day this is processed by the bank and it should be received by the employee on the third day.

Secure and convenient – Menzies BACS payment services

bacs logo

As a registered BACS approved bureaux, Menzies is authorised to offer our clients BACS payment services. These are used by our clients to manage salary payments to employees, PAYE liability payments to the HMRC, and other payroll related payments such as attachment of earnings orders or child maintenance service.

All BACS payments are transferred using a secure BACS provider and all payments must be authorised by you in advance so know exactly how much is being processed from your bank account.


BACS Payments – part of Menzies outsourced payroll service

Are you are struggling to keep up and manage your regular payments such as salary and PAYE payments? If your business is not already using BACS payments as part of your current payroll solution, you might want to consider our end-to-end outsourced payroll service. With secure BACS payments, epayslips and a host of other process and reporting functions we can help build a flexible payroll solution designed around your business needs.

How do I pay by BACS

We can help you! If you are using Menzies Outsourced payroll service, we can help you link your bank account to our secure BACS bureau system and process payments on your behalf. Once linked, we can process your salary, PAYE or pension payments for you

our payroll services include:

CONVENIENT

Our service is tailored to your needs, not the payroll processor’s

STRATEGIC

Our payroll service can be combined with HR People Solutions advisory, wealth management advice, tax planning and employee benefits planning services to give you a complete strategic solution for all your staffing needs.

PROFESSIONAL

We use CIPP-trained staff (not data processors) who understand payroll/PAYE, so you receive a more efficient and personal service.

GDPR COMPLIANT

With the introduction of GDPR it is essential that your employee personal data remains secure and as such Menzies use two portals to send and receive payroll information from clients.

Our payroll team work closely with Menzies Employer Solutions team who provide advice regarding all aspects of remuneration and benefits to your employees along with dealing with complex HM Revenue and Customs reviews and/or issues.

While dealing with your payroll our experienced payroll team are ideally positioned to identify risks and opportunities to support the smooth running of your payroll and provide appropriate advice when needed.


Contact Menzies Payroll team

To speak to a partner or for more information about the services we offer please contact one of the Menzies LLP offices or complete the contact form below.