Bulk and Batch Payment.

 𝐁𝐮𝐥𝐤 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 : 

A group of payments in a file to be paid to multiple creditor accounts from the same debtor account, on the same date, with the same currency, and through the same payment scheme.

It will show as one debit on your bank statement. 

There are two types: 

Standard domestic bulk payments 

Bulk Inter Account Transfers (IATs)

𝐁𝐚𝐭𝐜𝐡 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 : 

A group of payments in a file to be paid to multiple creditor accounts from multiple debtor accounts. 

These may involve different payment execution dates, currencies, and payment schemes.

Batch payments are ideal for when you have a high volume of regular payments and are particularly useful for paying out to recipients in different currencies.