Bacs Direct Credit Training
Bacs Direct Credit is an electronic payment method used by organisations both large and small. In 2023 there were nearly 2 billion Direct Credit payments. These were used for wages and salary payments, supplier payments, expenses and even state benefits.
Where the amount and due date is known in advance, Bacs Direct Credit is a convenient and cost-effective method compared to alternatives. Bacs provide feedback on failures. Transactions can be submitted in advance for a future payment date and although errors are rare, there are mechanisms in place that can help organisations address wrongly applied payments.
Bacs Direct Credit Training Options
Online Virtual Classroom
Instructor-led Learning
Bespoke and Hybrid
Designed for You
Face to Face
Instructor-led
at your offices
Instructor-guided around the UK
for mixed groups
Developing Skills and Knowledge
Our Courses can count towards Continuing Professional Development (CPD) points. They are delivered in-person, either face-to-face or online via Zoom, by our experienced and knowledgeable team.
Spending an Organisations Income is a big responsibility. Give your teams a proactive learning opportunity, demonstrate your investment in them and ensure they have the confidence and skills to get it right every time.
What does Bacs Direct Credit Training cover?
Our half-day training courses will answer questions such as:
- What is a Bacs Direct Credit?
- Who are Bacs and Pay.UK?
- What are the Bacs Scheme Rules and how do I stay compliant?
- Why use Direct Credit rather than other payment methods like Faster Payments?
- What are the advantages of Bacs Direct Credit vs Faster Payments?
- What bank checks and Know Your Customer (KYC) checks should I perform on new Payees?
- How long does it take to make a Payment and what is the Bacs cycle?
- What is an AWACS Report and what does it show?
- What is an ARUCS Report and what does it show?
- What should I do if a payment has been made in error?
- Can I clawback a wrong payment?
- How can I access Payment Services Website and why do I need to?
- What are the differences between Direct Debit and Direct Credit?
Whatever your role
Our training is tailored to your role and requirements. Typical attendees include ..
- Credit Controllers
- Finance Managers
- Accounts Receivable
Frequently Asked questions
What is the purpose of bacs Direct Credit training? →
This training will help participants acquire specific knowledge in Bacs scheme rules (Compliance). It will ensure participants better understand how to efficiently process payments and how to select the best payment method for different transactions. It also gives people more confidence when dealing with customer queries or issues that arise.
Who is this training for? →
This training is designed for finance teams, business administrators and anyone that deals with Bacs payments. It’s suitable for both beginners and experienced individuals as we tailor the content of every course to the audience.
How long does the training last? →
The Training is typically 3 hours in length and can be delivered at a time to suit.
Is this training offered online or in-person? →
We can provide either.
What materials or resources will be provided? →
Participants will just need to have a way of taking notes although we send summary notes after each course. For on-site courses we can provide a training booklet.
What does the training cost? →
The cost of the Bacs Direct Credit training is £400 for the first 2 delegates and £100 per additional delegate. For On-site courses there is an additional £200 charge and the cost of any associated travel expenses incurred.
What if I need to cancel or reschedule my training? →
We are able to rearrange with you and as much notice as possible is appreciated. For on-site courses we would need 48 hours’ notice but will be as flexible as we can be.
Is there any post-training support available? →
Absolutely. You are always welcome to ask questions, and we can also provide ongoing support through our consultancy service if you needed additional help.
What should I do if I have further questions about the training? →
Just get in touch. We are happy to answer any questions you may have. If you have additional questions, you can reach out to the training team at admin@movimo.co.uk, and we will be happy to assist you!
Also interested in Accredited Direct Debit Training?
Read more about our Direct Debit Training Options or contact us today