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BACS Payment

Archived UK Tier 1 (General) points system forum. This route no longer exists.

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canon123
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Posts: 275
Joined: Sun Oct 25, 2009 9:51 am

BACS Payment

Post by canon123 » Tue Aug 21, 2012 4:19 pm

I got a LTD Comp and will be getting funds from clients this month end. so i am planning to take a salary of 4000 every month for the next 5 months.

While transferring money from Business Account to my current account, does it need to be a BACS payment?? as my accountant issues a proper iris payslip and method pf payment is BACS on it.

But the issue is does banks can still do a BACS payment even if my accounts are linked as i am not paying to another person.

plz advise!!

republique
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Re: BACS Payment

Post by republique » Tue Aug 21, 2012 9:32 pm

canon123 wrote:I got a LTD Comp and will be getting funds from clients this month end. so i am planning to take a salary of 4000 every month for the next 5 months.

While transferring money from Business Account to my current account, does it need to be a BACS payment?? as my accountant issues a proper iris payslip and method pf payment is BACS on it.

But the issue is does banks can still do a BACS payment even if my accounts are linked as i am not paying to another person.

plz advise!!
That is a strange questions.
Why would it have to be a BACS payment,
Do you know what a BACS payment is?

gaurav76.5
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Joined: Thu Jul 21, 2011 12:21 pm

Post by gaurav76.5 » Wed Aug 22, 2012 10:25 am

just ask him to change it from BACS to Standing Order or Bank Transfer...he should be able to do it....

canon123
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Posts: 275
Joined: Sun Oct 25, 2009 9:51 am

Post by canon123 » Wed Aug 22, 2012 10:50 am

thanks gaurav

rajesh9pl
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Post by rajesh9pl » Thu Aug 23, 2012 4:42 pm

My Payslip always said, Cheque payment, however I always transferred funds using FASTER payment. Didn't face any problem in getting extension.

canon123
Member of Standing
Posts: 275
Joined: Sun Oct 25, 2009 9:51 am

Post by canon123 » Fri Aug 24, 2012 9:32 am

ok thanks rajesh

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