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

This statistic shows the volume of standing order payments made through Bacs in the United Kingdom (UK) from 2007 to 2015. In 2015, there were 19.471 million standing orders processed via Bacs in the UK.

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

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Source

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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