ANNA Logo

What is a BACS Payment?

 · 10 min read
Author
Team ANNA

When you have a personal bank account, you may be able to get away with clicking “send payment” without knowing the ins and outs of each payment type. But with a business account, that’s no longer a viable option.  If BACS payments have stumped you, this guide has you covered. We’ll explore the different types of BACS payments, the processing times, how they compare to other payments.

Sticky block phone
Open a business account with ANNA and get your taxes sorted
With ANNA you get a debit card, automated bookkeeping, a personal payment link, up to 40% cashback and 24/7 customer support

Open a business account in minutes

Take the load off with ANNA, the business current account that sorts your invoices and expenses.
Get a business account and a debit card that miaows
We create, send and chase up your invoices
We snap and sort your business expenses
Never miss a deadline, with handy tax reminders