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A bank clearing number or BC number is a number used for the identification of financial institutions in Switzerland and Liechtenstein. Bank clearing numbers are connected to the Swiss Interbank Clearing and the euroSIC system. Bank clearing numbers consists of 3 to 5 digits.
For a list of Swedish bank codes, see lista över clearingnummer till svenska banker (in Swedish). Switzerland has a 3 to 5 digit bank code (Bankenclearing-Nummer); the first digit indicates the bank's classification group. Following after the bank code, a 4-digit number branch code identifier. For a list of Swiss bank codes, see Bank clearing ...
The ABA clearing house codes are like the sub-headings in a decimal outline. The prefixes mean locations and the suffixes banking firms within those locations. Half of the prefixes represent major cities the other half represent regions of the United States.
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).
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.
Magnetic ink character recognition code, ... The processing and cheque clearing was very time-consuming and was a significant cost in cheque clearance and bank ...
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 .
Cheque clearing (or check clearing in American English) or bank clearance is the process of moving cash (or its equivalent) from the bank on which a cheque is drawn to the bank in which it was deposited, usually accompanied by the movement of the cheque to the paying bank, either in the traditional physical paper form or digitally under a cheque truncation system.