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Home > QFINANCE Dictionary > Definition of ADDACS

Definition of


Banking abbr

UK computerized system for changing direct debits Automated Direct Debit Amendment and Cancellation Service: in the United Kingdom, a BACS service that allows paying banks to inform direct debit payees of a change of instruction, for example, an amendment to the customer's account details or a request to cancel the instructions.

Definitions of ’ADDACS’ and meaning of ’ADDACS’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’ADDACS’ and other financial terms with our online QFINANCE Financial Dictionary.

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