Receiving your SUN is part of your bank`s approval process. If you have been approved for Bacs payments, your bank will ask you sun. Makes the SUN application process easier. Some offices provide you with support for bank approval. With GoCardless, you can use our SUN to get you started right away. With GoCardless Pro, we help you get your own SUN in a process that only lasts 4-6 weeks (instead of 4-9 months). Organizations opt for an office approved by Bacs for a number of reasons: GoCardless is a Bacs-approved office approved by RBS. Here is a list of offices approved by Bacs. Each office must be checked by Bacs itself to join the system. They must also be licensed by a sponsoring bank to ensure that they follow strict rules. A debit office allows you to become a depositor who does not need a bank authorization, allowing you to pass the daily management of regular payments. When you sign up for FastPay, you`ll receive a unique SUN for your business.
This means that your company name and logo, not the impersonal name of your office, will appear on all documents. The Bacs Approved Bureau (BAB) system conducts regular inspections that assess the technical competence and operational integrity of the BAB. Bacs does not conduct an evaluation and does not accept any guarantees as to the suitability or suitability of approved offices for other purposes. As a result, a potential user of a BAB should be advised independently. As the name of the system indicates, the BAB system works at the desktop number level and not at the user number level, and operations at the user number level do not fall within the scope of the BAB system. The responsibility for the user number remains due to the De Bacs member who sponsors the user number; a list of Bacs members appears on this site. Merchants who opt for a collection office collect paper and paperless collection mandates themselves, but it differs from the next steps, depending on the office`s services. Whatever the reason a company chooses a collection office, it ensures that the payment collection process goes smoothly and limits the liability of the business owner. Offices are an extremely safe method of collecting payments. Each Office approved by Bacs is subject to periodic audit and verification by Bacs to ensure that they meet the standards set out in the regulations.
More than half of the organisations that use Bacs services in the UK report their debit and direct credit payments through a Bacs Approved Bureau. They are called „indirect depositors“ (rather than transmitting files directly to Bacs). All offices authorized by Bacs are regularly inspected and audited by Bacs to ensure that they meet the standards set by the regime. The direct debit system will make it predictable, which will remove uncertainty about when the payment will be made and whether it will be successfully settled. Regular reports from your office ensure that you always have knowledge about all non-payments, that you streamline your banking operations, that problem solving is a breeze and that your money flows. An office approved by Bacs allows a company with a bank authorization to send payments via Bacs software: you import a payment file to the Bacs office, which will then provide you with instructions. This allows you to debit a lump sum from your commercial bank account without the need to interact directly with the bank. Once they have approved us, they do regular and ongoing audits to ensure that we remain worthy of that consent.