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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 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. There is an exception with 99-xx-xx - these codes are used for international banks Irish Clearing ACs, and some Post Office accounts.
There are currently 139 routing key areas in the country. This table does not include the second part of Ireland's seven-character Eircodes, known as the "unique identifier". These are unique to individual addresses and are not street-level identifiers, as is the case in other countries. There are currently 2.2 million of these codes. [2]
Sort code; This page was last edited on 30 August 2022, at 06:39 (UTC). Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional ...
The codes, known as Eircodes, consist of seven characters. The first three characters, called the Routing Key, are designed to benefit the postal and logistics industry and contain on average 15,000 addresses each. The Routing Key is used to help sort mail, it is the principal post town of the address as defined by An Post.
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.
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.
Bank of Scotland (Ireland) Danske Bank; First Active; ICS Building Society (previously Irish Civil Service Building Society) – investment shares acquired in 1984 by Governor and Company of the Bank of Ireland as well as society savers but ran separately for a period until a legislative change after the 1987 General Election.