Search results
Results from the WOW.Com Content Network
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.
An Post had used a system of three-digit sort codes, similar to the Mailsort system used by Royal Mail in the United Kingdom, for pre-sorting mail in bulk. [64] There were two levels, Presort 152, which had 152 codes for large volumes of mail, [65] and Presort 61, which had 61 codes for smaller volumes. [66]
Ireland uses a 6-digit sort code followed by an 8-digit account number similar to and partially integrated with the UK system. 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.
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 ...
The Industry Sorting Code Directory (ISCD) is the definitive list of bank branches and sub branches in the United Kingdom. The directory is maintained by VocaLink on behalf of UK Payments Administration (formally APACS ).
Dublin postal districts have been used by Ireland's postal service, known as An Post, to sort mail in Dublin.The system is similar to that used in cities in Europe and North America until they adopted national postal code systems in the 1960s and 1970s.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
The Irish Payment Services Organisation Limited (IPSO) was established in June 1997. [1] IPSO was a company limited by guarantee owned by its member banks. [2]Its primary objective was to preserve the integrity and security of the bank payment system in Ireland - the systems used for the settlement of physical cheques as well as ATM transfers and debit and credit card purchases.