Bacs, formerly known as Bankers` Automated Clearing Services is a scheme for the electronic processing of financial transactions within the United Kingdom. Direct debits and direct deposits are made using the Bacs system. The payments take three working days to clear: they are entered into the system on the first day, processed on the second day,....
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http://en.wikipedia.org/wiki/Bacs
(Bankers Automated Clearing System) Funds transferred via the standard bank clearing system will take 3-4 working days to arrive as cleared funds into your London Transfer Account. Internet transfers are usually sent via this system, so please allow 3-4 working days for funds to reach your account.
Found on
http://www.commbankuk.co.uk/glossary/
Banks Automated Clearing System - a method of making payments electronically, with funds taking up to 3 days to clear
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http://www.encyclo.co.uk/local/20202
Bank Automated Clearing System. We use this to send funds to, and claim money from your chosen bank account.
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http://www.encyclo.co.uk/visitor-contributions.php
British Association for Chemical Specialities - National trade association
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https://www.encyclo.co.uk/local/20724
Originally stood for Bankers Automated Clearing Services. Now called BACS Ltd., the company provides a payment and clearing system for Pounds Sterling in the UK.
Found on
https://www.encyclo.co.uk/local/21466
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