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There is an exception with 99-xx-xx - these codes are used for international banks Irish Clearing ACs, and some Post Office accounts. Italy has a similar clearing system is used with 5 digits identifying the banking company (Codice ABI), followed by a 5-digit CAB (Codice di Avviamento Bancario) identifying the branch, followed by the account ...
Direct entry (also called CS2) [8] can be used to transfer funds between bank accounts in Australia. Clearing and settling is regulated by AusPayNet as the Bulk Electronic Clearing System (BECS). Direct entry uses the BSB and account number to identify the bank and accounts to debit and credit. Some common uses of the direct entry system include:
For international transfers, a SWIFT code is used in addition to the BSB and account number. The BSB identifier consists of six numerals, the first two or three of which is a bank identifier. Many banks only have one BSB for all branches and accounts.
The CLABE (Clave Bancaria Estandarizada, Spanish for "standardized banking cipher" or "standardized bank code") is a banking standard for the numbering of bank accounts in Mexico. This standard is a requirement for the sending and receiving of domestic inter-bank electronic funds transfer since June 1, 2004.
The sort code is usually formatted as three pairs of numbers, for example 12-34-56. It identifies both the bank (in the first digit or the first two digits) and the branch where the account is held. [1] Sort codes are encoded into International Bank Account Numbers (IBANs) but are not encoded into Business Identifier Codes (BICs).
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 ...
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
Bank code discusses formats used by other countries and regions. Bank State Branch, or BSB code used for Australian banks; International Bank Account Number; ISO 9362, the SWIFT/BIC code standard; Magnetic ink character recognition – How RTN's are printed; Sort code, used by British banks; Canada has similar but different transaction routing ...