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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.
Account number does not include bank code. List of bank codes is available at the site of the National Bank of Ukraine. [2] The UK has a 6-digit sort code. For prefixes identifying UK banking companies, see the list of sort codes of the United Kingdom. Russia has 9 digit bank code (БИК код).
They are sometimes mentioned together on banking sites since these codes are the same. How SWIFT Codes Work. A bank’s SWIFT code is an eight- or 11-digit code with four components:
The bank code always consists of eight digits in Germany and five digits in Austria. In Switzerland and Liechtenstein, the bank clearing number (BC number) has the same meaning. The bank sort code must be specified for many business transactions in payment transactions (e.g. bank transfer).
A typical British bank statement header (from a fictitious bank), showing the location of the account's IBAN. The International Bank Account Number (IBAN) is an internationally agreed upon system of identifying bank accounts across national borders to facilitate the communication and processing of cross border transactions with a reduced risk of transcription errors.
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The SWIFT Code for BDO is BNORPHMM. All BDO branches have the same SWIFT Code. BNOR identifies BDO Unibank; PH is the country code for the Philippines; MM is the code for Metro Manila of which Makati is a part. Note that one bank can seem to have more than one bank identifier in a given country for separation purposes.