You can also view your sort code in the account overview section of your online or mobile banking apps. It’s often printed on your bank-issued debit cards, bank statements, cheque books, and any official correspondence from your bank related to your account. It’s actually very easy to find your sort code. If you give out the wrong sort code, it‘s possible that the money someone tries to send to you could in fact end up in another person’s account in a different bank.
Your account number is unique to you as a customer of your bank, and the sort code helps to identify your bank and the branch where your account is held. Whenever someone pays you money - whether it’s via Direct Debit, bank transfer, or standing order - they need your account number and sort code. In short, you need a sort code to make sure that any money paid to you ends up in your account, and not someone else’s. What is a bank sort code? Well, it’s what was originally called a sorting code. For example, Lloyds’ codes changed from starting with a 3 to 30, Barclays’ from 2 to 20, and so on. The national codes were kept, but if a bank had a single-digit as its identifier, it was issued a two-digit range to bring it in line with the rest. At the time, these were known as “national codes” and they had between three and five digits.įast-forward to 1957, and the six-digit “sorting codes” were introduced as the banking industry shifted gradually towards automation. UK banks first began using codes in the early 20th century to help with the manual processing of cheques. Sort codes have been around for a long while. The first two numbers identify the bank, and the other four identify the branch and its location. You see, your sort code isn’t just one six-digit code, but also three pairs of numbers, written as 12-34-56. They actually have a specific meaning and purpose.
Well, it might surprise you to learn that those six numbers aren’t random. But have you ever considered what the numbers that make up your sort code actually represent? 👇 The sort code, explainedĬhances are you’ve been asked for your bank account number and sort code at one point or another in the past - either to have money paid into or out of your account. We’ve got the answers to all of those questions, and more, down there. What is a sort code? Where do you find it? Why does it matter?
0 kommentar(er)
