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BACS myths busted!

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25th Aug 2014
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Clients don’t want us to make their payments

RTI has changed this. Aligning payroll reporting with payments is now at the heart of PAYE.

Clients expect their payroll provider to make PAYE risk and trouble free. Instructing their payments is a logical extension of generating their FPS.

It has client monies issues

With RTI BACS your client’s funds go straight from their bank account to their employee's bank account - the money never touches you, or CreDec.

BACS is expensive

CreDec has developed the lowest cost BACS access model in the UK. If you thought BACS was expensive, think again. With CreDec you pay a simple, low service charge for those clients using RTI BACS, which can be recharged.

Our clients already use BACS

RTI BACS is not the same as Internet Banking, even though this is often referred to as “BACS”. RTI BACS requires the use of a Service User Number to instruct payments to the BACS network. Only RTI BACS gives you the protection of BACS hashing.

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