Bacs Transaction Codes

Transaction codes are a key part of Bacs submissions. Here is a simple guide:

Value Items

01 – Direct Debit first collection.

17 – Direct Debit regular collection, or credit contra (debit record to balance credit records).

18 – Direct Debit re-presentation.

19 – Direct Debit final collection.

99 – Direct Credit, or debit contra (credit record to balance debit records)

Z4 – Interest payments.

Z5 – Dividend payments.

Direct Debit Instructions (DDIs)

0N – New instruction.

0C – Cancellation instruction.

0S – Conversion instruction.