Is anyone who can tell me what is BACS?

@TerryYuan (229)

China

October 17, 2008 10:38pm CST

and how could i use it? tks very much.

2 responses

@alphason (233)

•

18 Oct 08

Yes, as the posted before me states BACS = Bankers Auomatic Clearing Serrvices. It is a method of electronically sending money, It is a system for the UK only as far as I m aware. Most emplyees for example are paid their salary via BACS direct into their bank account.

@alphason (233)

•

18 Oct 08

If you want to know more see www.bacs.co.uk

@TerryYuan (229)

• China

18 Oct 08

thanks

@anitajayakumar (1202)

• India

18 Oct 08

BACS Bank Automated Clearing System. A debit and credit system used to make direct transfers to/from clients’ accounts. keep posting take care and have fun..

@TerryYuan (229)

• China

18 Oct 08

thanks