The minimum criteria set by the schemes for indirect agency access are that the institution is a Payment Services Provider as laid down in the Payment Services Regulations 2009. Further eligibility criteria will depend upon the precise set of services required but will include assessments for AML risk, credit risk, procedural capability for scheme compliance and technical capability.
Eligibility criteria for Non-Agency will depend upon the precise services required but will include assessments for AML risk and credit risk.
The Eligibility Criteria are summarised below by Payment Scheme for Indirect Access
Electronic money institutions
|Agency Banks2 -
Authorised payment institutions
|Corporate FPS Sponsorship||Yes||No||No||No|
|Corporate Bacs Sponsorship||Yes||No||No||No|
|UK Cheque & Credit Clearing (GBP)||Yes||No||No||Yes|
|UK Cheque & Credit Clearing (EUR)||Yes||No||No||No|
Cheque clearing in the UK is set to undergo a major transformation in 2017 as the industry switches from paper-based to image-based clearing using the Image Clearing System (ICS).
To find out how we can support agency banks on an indirect basis, please get in touch with your Relationship Director or use the details below to contact the Indirect Access team. For more on cheque imaging, visit the Cheque and Credit Clearing Company website^ (opens in a new window).
We tailor our services and pricing to your individual requirements. The types of service we offer are shown on the following PDF:
The product referred to in this webpage is subject to separate terms and conditions.
Head of Team, FinTech & MSBs
Martin Griffiths is an experienced banker with over 30 years of corporate banking service and is an industry specialist at Barclays leading a team of 6 knowledgeable and experienced Relationship Directors who cover Authorised Payment Institutions and Money Service Businesses (MSBs). The team has in-depth understanding of the unique challenges faced by the industry and works closely with our product and compliance teams to deliver relevant solutions for our clients that meet with our risk and commercial criteria.
Martin will appoint one of his team to be your initial point of contact at Barclays and they will work with you to establish what products and services we are able to provide to meet your needs.
Relationship Director, Global Financial Institutions
Gary Lacey is an experienced Relationship Director with more than 36 years’ service at Barclays and is an industry specialist within the financial institutions sector. Gary has an in-depth understanding of the drivers and needs of banks and financial services providers, working with a portfolio of clients within the industry.
Gary will be your initial point of contact at Barclays for any enquiries and will work with teams across the organisation to help you resolve them.
To find out what our Indirect Access proposition can do for your business, email Martin or Gary or call our dedicated team on 0800 015 4242*.
1The Voluntary Code of Conduct for Indirect Access Providers PDF† (124 KB opens in a new window).^
2Access to payments via a sort code in the name of the Agency Bank
3Access to payments via a Barclays account
To discuss switching to Corporate Banking at Barclays, call us on: 0800 015 4242*
Your eligible deposits with Barclays Bank PLC are protected up to a total of £75,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. This limit is applied to the total of any deposits you have with the following: Barclays, Barclays Bank, Barclaycard, Barclays Business, Barclays Capital, Barclays Corporate, Barclays UK & Ireland Private Bank, Barclays International Private Banking, Barclays Premier, Barclays Private Bank, Barclays Stockbrokers, Barclays Wealth, Woolwich Mortgages. Any total deposits you hold above the limit between these brands are unlikely to be covered. For further information visit www.fscs.org.uk^ (opens in a new window).
Barclays is a trading name of Barclays Bank PLC and its subsidiaries. Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702). Registered in England. Registered number is 1026167 with registered office at 1 Churchill Place, London E14 5HP.
*Lines are open Monday to Friday, 8am to 6pm. To maintain a quality service we may monitor or record phone calls. Call charges and information.
^You are about to link through to a non Barclays site. Please note that Barclays is not responsible for the accuracy or content of this website, and is not recommending it or giving any assurances as to its standing. Barclays does not accept any liability for any loss or damage suffered as a result of its use.