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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.
Sort code; This page was last edited on 30 August 2022, at 06:39 (UTC). Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional ...
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.
When a new bank is being organized, the current publisher of the directory of banks assigns it a transit code. [8] The American Bankers Association asked banks to use the directory exclusively so banks would agree on how to sort checks. [9] The book was abbreviated Key to Numerical System of The American Bankers Association, and as the Key.
There are currently 139 routing key areas in the country. This table does not include the second part of Ireland's seven-character Eircodes, known as the "unique identifier". These are unique to individual addresses and are not street-level identifiers, as is the case in other countries. There are currently 2.2 million of these codes. [2]
Single code used for all addresses. Tuvalu: TV: no codes Uganda: UG: no codes Ukraine: UA: NNNNN United Arab Emirates: AE: no codes UAE does not use a postal code system; instead, they use a post office system to send and receive parcels. United Kingdom: Phased introduction, from 1966 to 1974. Still in use. GB: A[A]N[A/N] A[A]N[A/N] NAA Known ...
The bank sort code must be specified for many business transactions in payment transactions (e.g. bank transfer). With the establishment of the Single Euro Payments Area (SEPA), which completely replaced the national payment systems from 1 February 2014, the bank codes in the participating countries were replaced by BIC (Business Identifier ...