Definition of “BACS” - English Dictionary


“BACS” in Business English

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uk /bæks/ us BANKING

abbreviation for Bankers' Automated Clearing System: an organization in the UK that deals with payments that are made between bank accounts:

The money is transferred through BACS and will reach your account in three to four days.

(Definition of “BACS” from the Cambridge Business English Dictionary © Cambridge University Press)