We are very proud to be BACS approved at Dataplan and our last BACS inspection granted us as excellent across all areas of the review, these areas are:-
Applications and Systems Support
BACs processing and Operations
Over the last 6 months we have seen a enormous surge in our customers switching to BACS payment and new customers wanting to know more about BACS and how to set up for it.
We thought it would be helpful to provide further information within our BACS fact sheet. It just shows to us that being a BACS approved bureau really matters to customers giving customers peace of mind that there bank details and processes are in good hands with an approved payroll and payments provider.
So what does being BACS approved actually mean?
Being BACS approved means your company or payroll provider is able to send payments direct from your payroll system to pay your employees by BACS using a secure method of transmission. To check if your payroll provider is on the BACS approved list you can check here
How can I tell if my payroll provider is BACS approved?
Any provider who is approved to the BACS standard will display the BACS approved logo on their website, letterhead or other documentation. The provider is also issued a certificate from BACS which shows the date they were approved and the bureau number BACS issued.
There are three key stages to the BACS process from transmission to payment, the BACS cycle is a three day process as follows
- Day 1 - Transmission day – This is the day the Payroll provider will transmit the payment file to BACS for processing
- Day 2 - Processing day – this is the day the file is then received to be processed by BACS
- Day 3 - Pay date – the most important day or date of month for your employees, the file has been successfully processed and cleared by BACS and your bank and cleared funds into your employee’s bank accounts.
If you would like to discuss how the BACS payments system works in great detail please contact one of the project team on 03331 123456 or request a call back here