Direct Credit

This is a service used by businesses to make regular payments directly to bank or building society accounts. It’s commonly used to pay employee salaries, wages, benefits and pensions. Today, around 90% of UK employees are paid by Bacs Direct Credit.

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Direct Debit

This is where customers give their bank permission to make payments to an authorised third party from their account. It’s commonly used by consumers for regular or recurring payments such as gym membership and utility bills payments.

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