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Some of the larger banks had two bank codes, with separate codes for their trading (cheque) and savings bank entities. The first digit of the bank code was either 0 (for trading bank accounts) or 1 (for savings bank accounts), with a common second digit. For example, 03 was for Westpac's trading accounts, while 73 was for Westpac's savings ...
Following after the bank code, a 4-digit number branch code identifier. For a list of Swiss bank codes, see Bank clearing number. Ukraine has 6 digit bank codes. 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.
Australian Payments Network Limited (AusPayNet), formerly the Australian Payments Clearing Association (APCA) [1] is the self-regulatory body set up by the payments industry to improve the safety, reliability, equity, convenience and efficiency of payment systems in Australia.
The role of NNA is typically assigned to the national stock exchange, central bank, or financial regulator but may be as diverse as a financial data provider or clearing and custodian organisation for that country. There is a global governing body that coordinates the work of the NNAs called the Association of National Numbering Agencies (ANNA ...
Codes began to be used in the early 20th century to facilitate the manual processing of cheques. Known as a 'national code', these had between three and five digits. The eleven London clearing banks were each allocated a main number, with the "big five" (and the Bank of England) allocated single-digit numbers alphabetically.
An automated clearing house (ACH) is a computer-based electronic network for processing transactions, [1] usually domestic low value payments, between participating financial institutions. It may support both credit transfers and direct debits .
In May 1911, the American Bankers Association released the codes. [5] The numerical committee was W. G. Schroeder, C. R. McKay, and J. A. Walker. [6] The publisher of the new directory was Rand-McNally and Company. [7] The ABA clearing house codes are like the sub-headings in a decimal outline.
Bank codes are coordinated by Payments NZ who administer the Bulk Electronic Clearing System (BECS). The scope of BECS includes direct debits, automatic payments, bill payments, and direct credits. [2] Payments NZ also administer the following payment systems in New Zealand: [3] Paper Clearing System; High Value Clearing System