Edit Article

  • 231 views

  • 5 Editors

  • Edited

Any business wanting to collect UK payments by Direct Debit needs a SUN (Service User Number) from BACS (Bankers’ Automated Clearing Services). Here's a quick explanation of how to go about it:


Needs formatting_451.gif

This article needs to be converted to wikiHow format.


You can help by editing it now and then removing this notice. Notice added on 2014-09-17.

EditSteps

  1. 1
    Contact your bank! Bacs issue SUNs to businesses who have been sponsored by Bacs members, who are the UK’s major banks. Each bank has its own application process, so you’ll need to contact your bank to find out how to apply.
  2. 2
    Check the application process. It varies from bank to bank, but most will involve checks for:The approval process has been designed to ensure that the business will be able to operate within the Direct Debit scheme rules and maintain the integrity of the scheme.
    • Integrity
    • Financial standing
    • Management expertise
    • Administrative capabilities
  3. 3
    Set up your Direct Debit instruction. Once you have become a Bacs service user, you have a choice of two methods of setting up Direct Debit instructions to collect payments from your customers – paper or paperless. There are also additional services and payment providers available. AccessPay, for example, is a Bacs Approved Solution Supplier.
  4. 4
    Be rigorous in your payment processing. When you start using your SUN then your performance will be monitored – and if a significant amount of your customers use the Direct Debit Guarantee to complain about your service, you may even lose your SUN and ability to set up Direct Debits!

We could really use your help!

Can you tell us about
bodybuilding?
Yes I can
bodybuilding
how to become a bodybuilder
Can you tell us about
e-commerce?
Yes I can
e-commerce
how to start an online business
Can you tell us about
product development?
Yes I can
product development
how to develop a product from start to finish
Can you tell us about
automobiles?
Yes I can
automobiles
how to install a camshaft
Thanks for helping! Please tell us everything you know about
...
Tell us everything you know here. Remember, more detail is better.
Tips
Provide Details.
Please be as detailed as possible in your explanation. Don't worry about formatting! We'll take care of it. For example:
Don't say: Eat more fats.
Do say: Add fats with some nutritional value to the foods you already eat. Try olive oil, butter, avocado, and mayonnaise.
Submit

EditSources and Citations

Article Info

Categories: Format | Finance and Business

Recent edits by: Teresa, Daniel Lindsley, Anna

Thanks to all authors for creating a page that has been read 231 times.

Did this article help you?
Yes No