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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 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 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.
It is, for instance, wrong to say that the ranges 50–66 (former National Provincial and Westminster banks respectively) belong to RBS, as NatWest, although a member of the RBS Group since 2000, is a member of the CCCC in it's own right; while leaving the range beginning 01 (former District Bank) as NatWest.
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.
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The Royal Bank of Scotland Public Limited Company [2] (Scottish Gaelic: Banca Rìoghail na h-Alba) [3] is a major retail and commercial bank in Scotland. It is one of the retail banking subsidiaries of NatWest Group, together with NatWest and Ulster Bank. The Royal Bank of Scotland has around 700 branches, mainly in Scotland, though there are ...
The BSB is a six-digit code, usually presented as nnn-nnn. Originally, the format of the BSB code was for the first two digits to indicate the "bank" and the other four digits specified the "branch" of that financial institution, the first digit of which was the state code indicating the state where the branch was located.
Bacs became a subsidiary of Pay.UK (formerly known as New Payment System Operator (NPSO)) on 1 May 2018, [2] and responsibility for direct debit, Bacs Direct Credit, the Current Account Switch Service, Cash ISA Transfer Service and the Industry Sort Code Directory was given to Pay.UK. [3]