How does the BACS system work?
The payment process operates on a three-day cycle. Day 1 (Input Day) payments are transmitted to BACS and processed overnight. Day 2 (Processing Day) the payments are distributed to the banks and building societies. Day 3 (Entry Day) the payer’s account is debited with a single entry covering the value of all the payments made, and simultaneously the accounts of all individual payees are credited. BACS Registration Guide Phase 1: BT Dialplus Application form and BACS User Number Application Form Dialplus Application Form – This form will need to be completed and forwarded to BT. Within two weeks you will receive a BT Dialplus manual, a Call line Identifier (CLI) and two passwords. BACS User Number Application Form – This should be obtained from your sponsoring bank branch, and returned to them on completion. You should receive your BACS user number within 2-3 weeks. Phase 2: Connection Detail Form (CDF). This form is completed by Access Europe on your behalf under the instruction of BA
