Your selected question
Q:
What are the different types of Bulk Payments?
A:
The types of Bulk Payments are:
- Standard domestic Bulk Payment - allows you to make payments to multiple beneficiaries from a single debit account via Faster Payments. Bankline shows this as:
Immediate Bulk Payments (IBULK)
Next Day Bulk Payments (NBULK)
Future Dated Bulk Payments (FBULK) - Bulk Inter Account Transfer (IAT) - allows you to transfer funds to multiple sterling credit accounts from a single sterling debit account. Bankline shows this as BIAT.