BACS DIRECT CREDIT AUTHORISATION FORM 2026

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The document is a BACS Direct Credit Authorisation Form for Royal London, allowing investors to provide personal and bank details for direct payment of distribution income from selected funds into their bank accounts. It includes sections for personal information, fund selection, bank details, and signatures, with instructions for reinvestment options and contact information for assistance.
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  1. Click ‘Get Form’ to open the BACS DIRECT CREDIT AUTHORISATION FORM in the editor.
  2. Begin by filling out the 'Personal Details' section. Enter your Investor ID Number, full name, address, telephone number, and postcode. This information is essential for identification purposes.
  3. Next, move to the 'Fund Details' section. Select the fund(s) where you want your distribution income deposited. You can choose from various options like Royal London Corporate Bond Monthly Income Trust or Royal London UK Growth Trust.
  4. Proceed to the 'Bank Details' section. Here, provide your account holder name, account number, sort code, and bank/building society branch address. Ensure accuracy as incorrect details may lead to payment issues.
  5. Finally, complete the 'Signature' section. If you have joint holdings, both signatures are required. Enter the date alongside each signature for verification.

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Bacs is a form of bank transfer and the two terms are often used interchangeably. There are also other types of bank transfers to be aware of (each has its own characteristics), such as CHAPS and Faster Payments.
Bacs Direct Credit is used for all types of business payments, most commonly for paying salaries and wages to employees, benefits, as well as for settling business-to-business invoices. However there are a variety of other payment areas where Bacs Direct Credit is the most cost effective option.
The Direct Credit Authorisation (DCA) Form is for an organisation/individual to request for payments from the Government of Singapore by direct credit into a designated bank account. The same form can be used for new creation or amendment.
Bacs Payment participants Allied Irish Bank. Atom bank. Bank of England. Bank of Scotland plc. ​Barclays Bank plc. Barclays Bank UK plc. Adyen. Atom bank. Banking Circle. ​Barclays Bank plc. Barclays Bank UK plc. Citibank NA. Allied Irish Bank. Bank of Ireland (UK) plc. ​Barclays Bank plc. Barclays Bank UK plc. ClearBank
A Bacs transaction is an electronic money transfer between banks. If you pay the household bills or use a subscription service, you will have made a payment via Bacs before. This is where you give permission for a company to automatically take payments from your account on an agreed schedule, such as each month.

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What is a direct submitter? A direct submitter can originate payment instructions, create payment files and submit directly to Bacs.

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