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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 directory is maintained by VocaLink on behalf of UK Payments Administration (formally APACS). The ISCD contains the sort code, SWIFT Bank Identifier Code (BIC), payment information, clearing information and contact details for all bank branches and sub-branches involved in the UK payment clearing system.
A general online sort code checker ... as Pay.UK in 2017, [12] had taken ... membership under Santander UK in February 2011; Bank of Scotland merged their membership ...
More than 140 billion transactions have been debited or credited to British bank accounts via Bacs since its inception; in 2019, 6.5 billion UK payments, worth £5 trillion, were made. At the end of November 2019, the number of single-day transactions processed by Bacs reached a high of 124 million; a monthly record was set in August 2018, when ...
Business customers of a UK Bank can send instructions in a very similar way to the way the older Bacstel-IP provided access to BACS. Direct corporate access payments only enables submission of files of payments, these are then split by the operator into individual payment instructions for processing through the FPS.
In 2010, it sponsored the Sort Code Validation Accreditation Scheme (SCVAS), which aimed to improve the distribution and validation of bank reference data within the UK payments industry. This was to be achieved via commercial providers offering products and services to verify sort codes used in electronic payment processing. [4]
Most passengers pay £13 for domestic and European flights in economy class. Long-haul flights in economy covering between 2,001 and 5,500 miles cost £88 in APD, with £92 for 5,501 and over ...
Paym (/ ˈ p eɪ. əm / PAY-əm) was a mobile payment system provided by banks and building societies in the United Kingdom. [2] Recipients were identified by their mobile phone number instead of bank details such as sort code and account number.