BACS Debit Help

How does the BACS transaction process work?

Funds flow directly from the Main Contractor's bank account to Subcontractor bank accounts. Common examples of BACS transactions include direct deposit, electronic tax refunds and electronic payments made from your bank account online. Funds are typically available in your bank account within three working days of disbursement. All financial institutions support BACS. For more information, please visit the following link: https://gocardless.com/guides/posts/bacs-payments/