When looking at moving your collections to Direct Debit, you may find the term "SUN" is used. This presentation explains what one is and what it is used for.
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2. What is a SUN?
• Gives an organisation access to
S ervice BACS services (Direct Debit and
Direct Credit)
• Can be obtained directly
U ser through a sponsoring bank
• Alternatively a Facilities
Managed (FM) SUN can be
Number applied for through a BACS
approved Bureau
3. More Information:
• A SUN is “connected” to an individual bank account held at the
Sponsoring Bank
• All Direct Debits/Direct Credits transactions associated with the
SUN are processed through that bank account
• Direct Debit Indemnity Claims are withdrawn from that bank
account automatically
• Eazy Collect can help provide a Facilities
Managed (FM) SUN when your bank cannot
offer a SUN at this time
4. Need more information?
Tel: 01242 650052
Email: sales@eazycollect.co.uk
Web: www.eazycollect.co.uk