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Closed Branch Advice Voucher

Posted by Peter Brady on Thu 5th October 2006 at 06:00 AM, Filed in Credit Tips,  Glossary

Closed Branch Advice Voucher is a piece of paper or receipt generated by BACS when a payment instruction is recognised as being destined for a closed sorting code ( i.e with an identified redirection in place). The voucher is forwarded to the originator through their Bank and shows the new details that should be used for future payments.

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