BACS - PAYMENTS AND RECEIPTS OPG currently provides sponsorship through the Bank of England to customers wishing to make payments to third parties via BACS - the cheap and secure nationwide three-day electronic payment system. All OPG accounts can receive payments in via BACS from third parties. BACS DIRECT CREDIT PAYMENTS: The OPG BACS payments service offers benefits that you may not find available elsewhere whether you are direct or indirect submitter. The key service features are: No Prefunding. We don't ask you to pre-fund the sponsoring bank account. We simply debit your OPG account automatically on Day 3 of the BACS processing cycle under the "Grade 3" system; you gain the benefit of your funds until the last possible moment and so does the Exchequer. Time saving. Rejected or unallocated items are re-credited directly to your OPG account and you will be notified immediately by fax. You will not be required to move funds around and re-issue is simple. Easy to recall. If you need to recall a payment simply fax the Bank of England at any time up to Noon on Day 2 of the BACS processing cycle with the full details of the item(s) to be recalled. OPG provide a special form for this purpose OPG10, e-mail opgservices@xafinitypaymaster.com for the form. Convenience. It is not necessary for you to have a separate commercial bank account for receiving returned/rejected payments. If you already use BACS. You can transfer to the OPG/Bank of England service as your sponsor under BACSTEL-IP and: retain your existing "Grade 3" BACS User Numbers (you simply transfer these from your existing sponsor across to the Bank of England). Please note - this only applies to User Numbers that are already registered as "Grade 3". have as many additional User Numbers as you require (we can allocate new Bank of England User Numbers) continue to use a Bureau to prepare and submit your payments to BACS. Simply request form BACS-IP1 from the Account Adviser team or e-mail us at opgservices@paymaster.co.uk. For more detailed information on how to transfer your BACS arrangements to OPG / Bank of England please see transferring BACS sponsorship to OPG/Bank of England BACS DIRECT CREDIT RECEIPTS: All OPG accounts can receive payments in via BACS from third parties. Organisations that wish to pay you via BACS must quote the following details: Destination Sort Code: 10-14-99 (BACS Field 1)    Destination Account Number: NNNNN000 (BACS Field 2) (where NNNNN = a 5 digit OPG customer account number)       The unique OPG Sort Code (10-14-99) together with the receiving OPG customer account number is all the information required to place BACS receipts automatically. The first 5 characters of BACS Field 2 must contain the OPG customer account number followed by 3 zeros. However, where OPG accounts are only 4 significant digits in length please prefix the account with a single zero and pack the end of the field with 3 zeros e.g. 0NNNN000. If you would like more information please contact the Account Adviser team at: OPG Banking Services Sutherland House, Russell Way, Crawley, West Sussex, RH10 1UH Or telephone our Customer Communications Centre on: 0870 197 1404 or email us at: opgservices@paymaster.co.uk OPG Accounts OPG Electronic Banking Masterline Bulk Schedules Payable Orders Cheque and cash receipts       including local services BACS Standing Orders Direct Debits Internal Transfers Bank of England Transfers CHAPS Merchant Acquiring OPG Investment Facilities Euro services Foreign Exchange OPG Services for the NHS             © Crown Copyright