Retail financial services

prepaid-stored-value money card

200px|right|thumb|Sample passbook (open), containing the same transactions as the bank statement A passbook or bankbook is a paper book used to record bank or building society transactions on a deposit account.

financial instrument

small, short-term unsecured loan

profession

thumb|Official opening of BACS with Dennis Gladwell, Chairman of BACS (right) Bacs Payment Schemes Limited (Bacs), previously known as '''Bankers' Automated Clearing System''', is responsible for the clearing and settlement of UK automated direct debit and Bacs Direct Credit and the provision of third-party services. Bacs became a subsidiary of Pay.UK (formerly known as New Payment System Operator (NPSO)) on 1 May 2018, and responsibility for direct debit, Bacs Direct Credit, the Current Account Switch Service, Cash ISA Transfer Service and the Industry Sort Code Directory was given to Pay.UK.