Making and accepting payments | Royal Bank of Scotland

Making and accepting payments

Handle payments by cash, card, cheque and draft, or online

Payment solutions to suit your business

Whether you’re making or accepting a payment by credit card, cash, cheque, or electronically, find out how to do it quickly and securely.

Electronic payments

Make and accept payments quickly and securely using Bacs, Faster payments, CHAPS and our PayAway-IP Direct service.  

Bacs payments

Making payments

 

Direct Crediting can help your business:

  • control cash flow– make payments whenever you want, up to 70 days in advance
  • save time and money– the charges for direct credits can be significantly lower than for cheque or cash payments and save time. There are no cheques to prepare and sign or paper credit transfers to print and distribute
  • improve management information – view a wide range of Bacs payment reports online
  • maintain good relationships with employers and suppliers– they have the advantage of cleared funds into their accounts on specified dates


How Direct Crediting works
To make Direct Credit payments, you have a choice of methods to suit the needs or resources of your business. We will help you set up and run Direct Crediting for your business, giving you ongoing support via our Helpdesk.

 

Payments can be submitted direct from your computer to Bacs using Bacstel-IP – an Internet Protocol based way of accessing Bacs services. All you need is a PC and the required software, which is available from a specialist software supplier.

 

Bacstel-IP offers the ability to submit payments and collect reports across three connection types:

  • internet
  • Bacs fixed extranet

Alternatively, payments can be submitted via a bureau that will process the payments on your behalf. You can quickly update user details in real time, ensure all your customer details are correct, and check the progress of files submitted to Bacs.

 

Payments are processed over a three-day period.

 

Download the RBS Direct Crediting brochure(PDF, 231KB)

 

RBS PayAway-IP Direct is our web based Bacs payment service. Whatever the size of your business, PayAway-IP Direct makes the processing, managing and auditing of payments, simpler and more efficient.

Find out more on the features and benefits of PayAway-IP Direct.


 

Collecting payments

 

The Direct Debit scheme can help your business:

  • control cash flow – greater control over the timing of funds credited to your account
  • save time and money – no need for reminders as payments are collected automatically from customers' accounts
  • maintain records – computerised record-keeping makes it easy for you to monitor and control payments
  • increase accounting efficiency – helps you to identify unpaid items quickly
  • improve control and security – through a full audit report of items processed and any rejected transactions
  • amend and cancel instructions – the automated direct debit amendment and cancellation service – lets you receive amendments and cancellations electronically from the paying banks in a consolidated way

How Direct Debiting works

The scheme allows you to collect payments agreed between you and your customer. You can arrange to collect payments at regular or irregular intervals. The amounts can be fixed for a specific period, for example subscription payments, or varied from payment to payment.

 

If you are set up to receive payments directly, Direct Debits are submitted to the Bacs payment infrastructure straight from your computer to Bacs by Bacstel-IP – an Internet Protocol based way of accessing Bacs services.

 

With Bacstel-IP you will be able to input direct debit files, monitor the status of payments and receive reports quickly, efficiently and securely online.

 

Payments are processed over a three-day period.

 

Scheme requirements
In order to be accepted into the Direct Debiting scheme, you must have an authorised sponsor such as RBS. We need to be certain that your organisation meets the legal, administrative and financial requirements of the scheme.

 

Customers are protected by the terms of the Direct Debit guarantee which you must issue to your customers on behalf of the banks and building societies.

 

 Download the RBS Direct Debit factsheet (PDF, 231KB)


 

Additional services

 

A number of additional services are available to improve the efficiency and accuracy of setting up and processing direct debits.

 

Automated Direct Debit Instructions Service (AUDDIS)
If you process sizeable volumes of direct debit instructions, AUDDIS could improve your efficiency and accuracy.

 

Download the AUDDIS factsheet (PDF, 30Kb)

 

Direct Debit Solutions
Our Direct Debit Solutions service lets you enjoy the benefits of direct debiting while minimising administration time.

 

Send us your data on paper or electronically and Direct Debit Solutions does the rest.

 

Almost any computer system can be used to collect direct debit payments. We can provide you with information on software suppliers.

 

Download the Direct Debit Solutions factsheet (PDF, 70Kb)


Get in touch
Contact us
New customers 0345 9000 652 or e-mail solutionsline@rbs.co.uk 
Mon to Fri 8am-5.30pm (excl. public holidays) 
Calls may be recorded

 

 

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Faster payments and CHAPS

Faster payments

 

The Faster Payments Service reduces the time between a payment being made and the recipient receiving the funds from three days to near real-time. 

It allows you to make same-day transactions all day, every day and is a secure way to transfer money up to £250,000.

 

The Faster Payments Service lets you:

  • make electronic sterling payments such as fund transfers, bill payments and standing orders that will reach the destination account in a matter of hours
  • make same-day payments without using and incurring the cost of CHAPS
  • make same-day payments through online banking, telephone or in branch

 

The Faster Payments Service can be used for:

  • single payments– that you want to make immediately
  • future dated payments – a single payment (including Notice Account withdrawals or transfers between accounts) that you want to pay on a particular date in the future
  • standing orders – an instruction you give to your Bank or Building Society to make payments on a regular basis to a specified person’s UK bank or building society account

How to make a faster payment

 

Transfer money using the Faster Payments Service:

  • online – using Bankline
  • over the phone
  • in branch

 

You’ll need to provide the:

  • correct sort code – the six digit number which identifies the bank or institution at which the payee holds their account
  • account number of the payee account

 

Unlike Bacs, payments to the incorrect destination can’t be recalled. Incorrect sort code and account number details may also result in your payment not being processed.

 

The receiving bank needs to be a member of the Faster Payments Service. Most major banks are in the scheme. Where a bank is not in the scheme or a payment value exceeds £250,000, the payment will either have to be sent via CHAPS, or Bank Giro Credit.

 

You do not need to do anything to receive faster payments into your account.

 


CHAPS payments

 

CHAPS (Clearing House Automated Payment System) is a same-day electronic payment system between banks. Provided that you make a payment before 3pm, CHAPS guarantees payment on the same business day within the UK.

 

You can use it where your payment is not eligible for the Faster Payments Service, for example if your payment is £250,000 or more, or the recipient bank is not a member of the Fast Payments Scheme.

 

There is a charge to use CHAPS. Contact your relationship manager for details.

 

You can arrange for a CHAPS transfer in one of our branches, or over the phone.

Cash, cheques and drafts

Whether you want to withdraw or pay in cash or cheques – small amounts or large – we have a host of secure services to suit your business.  

Cash payments, cheques and drafts

Cash payments

 

Cash deposits

 

Business Quick Deposit
Pay cash into your business account at one of our branches using our Business Quick Deposit service. Using our specially designed wallets, you don’t need to wait to have your cash counted.


Funds are deposited before 3.30pm will be processed the same day.

Small cash deposits

Consolidated Cash is suitable for deposits of less than £1,500 in notes and/or more than £150 in coin. We'll collect funds from your premises and take them directly to a cash centre for processing, offering you: 

 

  • cost benefits – potentially lower charges when you combine small deposits into bulk volumes
  • convenience – arrange a suitable time for the security carrier to collect from your premises
  • increased staff security – as we collect cash from your premises, your staff don’t need to carry large amounts of cash to your local branch

Large cash deposits

Direct Cash is suitable if your business regularly deposits at least £1,500 in notes or £150 in coins. It could benefit your business in the following ways:

 

  • cost efficiency – bulk processing could help to reduce your banking charges
  • increased security – cash will be collected from you and delivered to us by a recognised security carrier
  • convenience – you can be confident of secure uplift from your premises, and the benefits of speedier processing
  • staff security – your staff don’t need to carry large amounts of cash to pay in at your local branch
  • inclusive service – because we take lower denominations than many of our competitors, more businesses can use our service

Cash withdrawals

You can withdraw notes and coins from any RBS branch. You can withdraw large volumes regularly or small amounts on an ad hoc basis. You can save time by ordering amounts and specific denominations in advance.

 

Bulk cash
If you need substantial volumes of cash we can deliver this direct to your premises using a secure carrier company.

 

Bulk cash gives you:

 

  • flexible service – your individual needs will be matched precisely
  • cost and efficiency savings – you will gain price advantages by bypassing our branch network
  • improved staff security – your staff won't need to carry sizeable amounts of cash in public places
     

Cheques

 

Cheque clearing cycle


Download our cheque clearing factsheet (PDF, 158KB)

 

Special cheques
We can provide you with contact details of accredited printers who can supply special cheque books personalised with your company logo and corporate design.

 


 

Drafts cash payments

 

Banker's drafts

For larger value payments where cash is not appropriate, you can order a banker's draft from our branches.
 


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WorldPay merchant accounts

Trade with confidence. Accept card payments securely with Worldpay, our preferred business partner for card processing services.

Why choose WorldPay

Worldpay welcomes over 450 new customers every day, working with businesses of all types and sizes.

So whether you’re taking card payments for the first time, expanding, or want to change providers, Worldpay can help.

 

Reasons to choose Worldpay

  • always here to help – UK Helpdesk is open 24/7/365 days a year
  • clear and upfront – no hidden charges or complications
  • everything in one place – take payments in person, over the phone, or online
  • secure fast payments – Worldpay process over 26 million transactions every day

 

Faster Settlement

 

As an RBS customer, you will benefit from card transactions being processed and settled into your account within 2 working days, instead of the standard 3 days helping to improve your business’s cash flow.

 

Call today on 0800 01 01 66 to find out more. Lines are open: Mon-Fri 8.30am-5.30pm, Weds 9.30am-5.30pm. Calls may be recorded.

 

 

 

 

Indirect Access to UK Payments Systems

We offer dedicated indirect access services to a range of UK domestic payments systems.

Find out more about UK payments systems
Get in touch
Don’t yet have an account?

To discuss your unique banking needs please call our business hotline on:

0800 073 2257
Minicom
0800 404 6160

Mon to Fri 9am-5.30pm (excl. public holidays)
Calls may be recorded.

Already have an account?

Speak to your business manager about payment & solutions right for your business.

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