Automated Transfers

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August 31, 2024 3 min read Definitions
Bankers Automated Credit System: Streamlining Payments
Finance Banking Bacs Payment Systems Finance Banking Automated Transfers
The Bankers Automated Credit System (BACS) enables the direct transfer of funds from one account to another without the need for checks. It is extensively used for payments of dividends, wages, and other financial transactions.
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