BACs Payments

At the Fund we are always striving to make the application and payment process easier for our clients.

We have become increasingly aware that with the closure of local banks it is becoming more difficult to lodge a cheque without having to drive miles. With this in mind we are in the process of moving from a cheque payment to a direct payment straight into your bank account through the BACs system.

The Bacs system would ensure an instant payment, without waiting for 3 – 5 days for a cheque to clear and would eliminate postal loses and the misplacement/ shredding of cheques.

You will have received a letter in the post requesting bank information, can we please stress that if you have already supplied this information to us there is no need to supply it again. The letter will have informed you that if you have changed banks or are a new client we will request the information to make a payment.

We are working towards having the Bacs system up and running by early in 2018, we will keep you informed of our progress.