Cost benefit analysis - Printing cheques/BACs

hixie

Hi all,

I have been doing my Unit 10 report and I have got to the cost benfit analysis part and I cannot find prices anywhere for pre-printed cheques and BACs payments.

If anyone could give me some info on the price of pre-printed cheques and the price of sending payments by BACs I would be really gratefull!

Thanks you!

swampy1901

Just looked this up at work -

Pre printed cheques £222 + vat for 1000 Cheques
and each BACS run costs £3.00 plus 20p for BACS Payments/Collections (up to 10000 per annum) or 12p for BACS Payments/Collections (over 10000 per annum)

Hope that helps


Swampy

hixie

Brill thank you so much, this has really helped!

*Jo

Hi, don't forget to include any charges the bank makes for cashing cheques and the costs of staff time spent in doing both.

hixie

Hi Jo

What would the bank charge on average for cashing cheques?

Its a long time since I dealt with these things in a work place and I'm doing the case study so there is limited information.

Thanks,

Hixie

swampy1901

Will have look for you at work tomorrow

Swampy

AK002

I've just picked this up off a clients bank account lol

The RBS charge:

£0.45 per standing order
£0.59 for cheques and other debits (payments)
£0.61 for manual credits
£0.28 for cheques paid in @ branches
£0.55 per £100 for Fast Cash
and £1.50 per £100 for cash exchanged at branches.

Hope this helps..

anniem

Don't forget the price of stamps versus email statements/remittance advice!

I'm investigating this at work at the moment.

Anna