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Pay BACS by Direct Debit Transfer?
Gilganjn
Posts: 22 Forumite
I need to pay a company for some plumbing work. I have their BACS details. Is the procedure the same as setting up a one time Direct Debit payment or Standing Order through my Lloyds TSB standard personal account, online? I have the company name, sortcode and account number.
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Comments
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You should be able to pay by faster payment from your own bank account?
I have recently paid a decorator and a plumber in this way.
Just be absolutely certain that the payee details are correct.0 -
It'll be similar to setting up a standing order other than there is nothing about repeat payment frequency/ duration etc.
Direct Debits you cannot set up as its the originator that sets them up.
Simply give the company name, account number and sortcode plus any reference so they can identify the payments from you and then just whatever security your bank uses for making the first payment to a company.0
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