web
You’re offline. This is a read only version of the page.
close
Skip to main content

Announcements

No record found.

News and Announcements icon
Community site session details

Community site session details

Session Id :
Dynamics 365 Community / Forums / Finance | Project Operations, Human Resources, ... / Purpose of BACS/CHAPS ...
Finance | Project Operations, Human Resources, ...
Suggested Answer

Purpose of BACS/CHAPS flag in bank account master

(0) ShareShare
ReportReport
Posted on by FaizM 30

Hi Experts,

I am working with a UK customer implementing D365 F&O and they have asked about the BACS / CHAPS flag on the Bank account master > payment management tab. What is the purpose of this field and how do we enable this flag, as currently it is not editable for the UK company?

Regards

Mansoor

I have the same question (0)
  • Suggested answer
    Hana Xue Profile Picture
    Hana Xue Microsoft Employee on at

    Hi Mansoor,

    There are several different choices available if you need to make a local or international bank transfer from the UK. Most banks offer CHAPS, BACS, SWIFT and Faster Payments for their UK customers.

    CHAPS(Clearing House Automated Payment System) payments are used for retail and wholesale, high value payments within the UK.

    BACS(Banker’s Automated Clearing Services) payments are used for bank transfers within the UK, including direct debits.

    More explanation about BACS and CHAPS are available in the link below. Hope it will be useful.

    CHAPS, BACS, SWIFT and Faster Payments Explained - Wise

    I'm not sure, maybe you need to check is in your method of payments and you should import the configurations from Lifecycle Services (LCS),  after you import reporting configurations for those file formats, the imported formats will be available to select on the Methods of payment page. You can view the following article for reference. 

    ER Generate electronic documents for payments using a format configuration - Finance & Operations | Dynamics 365 | Microsoft Learn

    Best Regards,

    Hana

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

Quick Links

Introducing the 2026 Season 1 community Super Users

Congratulations to our 2026 Super Stars!

Congratulations to our 2025 Community Spotlights

Thanks to all of our 2025 Community Spotlight stars!

Congratulations to the January Top 10 Community Leaders

These are the community rock stars!

Leaderboard > Finance | Project Operations, Human Resources, AX, GP, SL

#1
André Arnaud de Calavon Profile Picture

André Arnaud de Cal... 576 Super User 2026 Season 1

#2
Giorgio Bonacorsi Profile Picture

Giorgio Bonacorsi 366

#3
Adis Profile Picture

Adis 256 Super User 2026 Season 1

Last 30 days Overall leaderboard

Featured topics

End-of-life Announcement for Microsoft Dynamics GP

Product updates

Dynamics 365 release plans