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Volume of direct credit payments through the Bacs system in the United Kingdom (UK) from 2007 to 2019 (in millions)

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Source

Release date

February 2020

Region

United Kingdom

Survey time period

2007 to 2019

Supplementary notes

Bacs: also known as Bacs Payment Schemes Limited or Bankers' Automated Clearing Services.

Citation formats

Bacs: number of direct credits in the United Kingdom (UK) 2007-2019

Published by ÌÇÐÄÆƽâ°æ Research Department, Feb 13, 2020
This statistic illustrates the total annual volume of direct credit payments through Bacs in the United Kingdom (UK) from 2007 to 2019. It can be seen that the number of direct credit payments through Bacs decreased during this period, to a total of approximately **** billion payments as of 2019. The number of inter-bank and inter-branch direct credit transactions fell by almost ** million between 2018 and 2019. Despite this, the total value of direct credit transfers through via Bacs increased between 2007 and 2019.
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