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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.
A high street building society branch, in Banbury. A building society is a financial institution owned by its members as a mutual organization, which offers banking and related financial services, especially savings and mortgage lending.
The number of payments passing through the Bacs system topped six billion for the first time the following year, with a value of £4.6 trillion. The number of direct debits processed in 2015 increased by 239 million over the 2014 total. [16] A record 103 million transactions were processed in a single July 2015 day.
A chart of accounts (COA) is a list of financial accounts and reference numbers, grouped into categories, such as assets, liabilities, equity, revenue and expenses, and used for recording transactions in the organization's general ledger. Accounts may be associated with an identifier (account number) and a caption or header and are coded by ...
SBS Bank was established in 1869, when one of its founders, James Walker Bain, walked 204 kilometers from Dunedin to Invercargill.The bank was founded in 1869 as the Southland Building, Land and Investment Society. Seven years later in 1876 it was renamed as Southland Building and Investment Society and Bank of Deposit. The bank's purpose was ...
Nationwide Building Society is the largest retail bank in the United Kingdom (by number of branches), [2] and the world's largest building society, serving over 16 million members. [3] It operates as a British mutual financial institution, meaning it is owned by and run for the benefit of its members.
The Nottingham Building Society is a building society in the UK, with its headquarters in Nottingham, England. It is a member of the Building Societies Association. At December 2022, the Society had total assets of more than £3.8 billion. [1] The Society was founded in 1849 by a group led by Samuel Fox (1781–1868), a Quaker and prominent ...
An Act to make provision in relation to funding limits in respect of building societies; to provide consequential rights to building society members; and to make provision in connection with the transfer of the business of certain mutual societies. Citation: 2007 c. 26: Introduced by: Sir John Butterfill MP, 13 December 2006 [2] (Commons ...