Bacs: number of standing orders in the United Kingdom (UK) 2007-2015

Volume of standing orders through Bacs in the United Kingdom (UK) from 2007 to 2015

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Source

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Release date

March 2016

Region

United Kingdom

Survey time period

2007 to 2015

Supplementary notes

* As a result of the implementation of the Payment Services Regulations 2009 that require the vast majority standing orders processed in the UK to clear by the next business day, from 1 January 2012 standing orders are being processed through Faster Payments.
Bacs: also known as Bacs Payment Schemes Limited or Bankers' Automated Clearing Services.
Figures for years preceding 2014 were taken from an earlier report of Payments Council.

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