In the UK, what is another term for an ACH payment?

In the UK, an ACH payment is commonly referred to as a Bacs payment. Bacs stands for Bankers' Automated Clearing Services, which is a system that enables the electronic transfer of money between bank accounts. It is widely used for processing direct debits and credits, and it is a popular and established method for making payments, particularly for regular transactions such as salaries and supplier payments.

The terminology aligns with UK banking practices, where Bacs payments are specifically designed to handle such electronic transactions efficiently. Understanding this term is crucial for navigating payment practices in the UK, especially within the context of direct payments and automatic transfers. The familiarity with Bacs helps distinguish it from other payment methods that may be common in other regions or contexts.