A Bacs payment is the cheapest way to make a bank payment. It only costs a few pennies, mostly depending on the volume and the bank, or Bacs bureau. When sending 1,000 plus payments a month this should be significantly less than 10p, also watch out for hidden bank charges such as:
Find out more HERE
Bank to bank payments can also be made through CHAPS and the Faster Payments system. CHAPS are same day payments for high value transfers which cost about £20-30 pounds per transfer. Faster Payments are payments that usually clear in seconds, up to the value of £250,000 pounds per transfer, much cheaper than CHAPS.
Business Owners, FDs and Finance professionals are finding there's a far simpler and cheaper way to make business payments...