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Sort codes are the domestic bank codes used to route money transfers between financial institutions in the United Kingdom, and formerly in the Republic of Ireland. They are six-digit hierarchical numerical addresses that specify clearing banks, clearing systems, regions, large financial institutions, groups of financial institutions and ultimately resolve to individual branches.
The Extended Industry Sorting Code Directory (EISCD) is based upon the ISCD and was introduced to provide reference data to support the UK's Faster Payments service. The EISCD contains all data elements found within the ISCD, with the addition of a new section containing Faster Payments clearing information for each UK bank branch.
International Bank Account Numbers take the form GBxx NWBK ssss ssaa aaaa aa, where x refers to two check digits, s to the branch sort code and a to the individual account number. The Bank Identifier Code, or SWIFT code, for NatWest (and Isle of Man Bank) is NWBKGB2L (8 digits) or NWBKGB2Lxxx (11 digits).
The first two digits of the sort code identify the bank (90-xx-xx = [Bank of Ireland], 98-xx-xx = [Ulster Bank], for example) and the last 4 identify the branch. There is an exception with 99-xx-xx - these codes are used for international banks Irish Clearing ACs, and some Post Office accounts.
Bank state branch; Bankleitzahl; C. CLABE; CNAPS code; I. ... Sort code This page was last edited on 30 August 2022, at 06:39 (UTC). Text is available under the ...
However 40% of branches closed between 2012 and 2022 . [8] Four British retail banks have never had a physical branch presence. The retail and commercial banking markets are dominated by five big banks. HSBC, Barclays, Lloyds Banking Group, NatWest Group and Spanish-owned Santander UK who operate more than one banking brand in the UK.
Bank code discusses formats used by other countries and regions. Bank State Branch, or BSB code used for Australian banks; International Bank Account Number; ISO 9362, the SWIFT/BIC code standard; Magnetic ink character recognition – How RTN's are printed; Sort code, used by British banks; Canada has similar but different transaction routing ...
In 1978, the National Bank of North America's 141 branches were acquired by National Westminster Bank Ltd. for US$429 million. [3] A Delaware-registered holding company, NatWest Holdings, Inc., was formed to facilitate the purchase and, by 1986, net income had more than tripled to US$54.5 million. [4]