Bacstel IP

Next Steps:

Call into a branch

Related Information:

If you are required to transmit batches of payments at any one time then First Trust Bank can sponsor you as a user of the BACS Direct service. The service provides you with a direct electronic link to BACS so that you can process high volumes of transactions simply and efficiently. If you will be processing less then 5,000 transactions at any one time, then iBusiness Banking will meet your needs.

Features

Facility allows you to process large volumes of transactions by direct transmission either via BACS approved software or through a BACS approved Commercial Bureau.
First Trust Bank is required to sponsor you as a BACS user.
This service involves a direct relationship with BACS. Your branch is not involved in the transfer of funds, once the service is set up.
A maximum BACS file limit is agreed between First Trust Bank and you, with this limit representing a contingent liability.

Benefits

You retain full control of when funds are transferred.
Allows you to process large volumes of transactions at one time.
Increased processing flexibility - you can transmit payments up until 22:30, two days prior to payment date.
Manual administration processes and paperwork is removed.
Improved cash flow management.
Bank charges reduced compared to cheques or cash.

Eligibility

Business customers with a requirement to transmit large volumes of payments at one time.

Please contact your branch for further information and support with selection and completion of the correct Bacstel-IP documentation.

Legal Notice

Terms and Conditions apply and are available on request.

First Trust Bank is a trademark of AIB Group (UK) p.l.c. (a wholly owned subsidiary of Allied Irish Banks, p.l.c.), incorporated in Northern Ireland. Registered Office, 4 Queen's Square, Belfast, BT1 3DJ. Registered Number, NI 18800. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. First Trust Bank is covered by the Financial Services Compensation Scheme, established under the Financial Services and Markets Act 2000.

First Trust Bank subscribes to the Lending Code and is covered by the Financial Ombudsman Service. Details of the Lending Code are available on request from any First Trust Bank branch or from the Lending Standards Board.

IMPORTANT: Before entering this site please take time to read our Site Legal Notice and Privacy Statement. By proceeding further you are deemed to have read and accepted our Site Legal Notice and Privacy Statement.

The information regarding the products and services contained on the following pages is intended only for the residents of Northern Ireland. If you are not a resident of Northern Ireland it may be unlawful for you to receive this information.