what is a sort code in banking

what is a sort code in banking

1 year ago 83
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A sort code is a six-digit numerical code that identifies the specific bank and branch where the bank account was initially opened. It is mainly used in the UK banking system to indicate where payment is going or coming from. Every bank account in the UK is assigned a sort code. Sort codes are important as they determine the bank and the branch you are sending to. If you get the sort code wrong, you will end up sending money to the wrong place. Whereas if you get the bank account wrong but the sort code right, the bank will likely reach out to you and resolve the issue.

You can find your sort code on your bank statements, cheques, and often on any correspondence from your bank. It is usually formatted as three pairs of numbers, for example, 12-34-56. Alternatively, you can check your online banking account or mobile app, where your sort code should be located under your account name or type, next to the account number. You can also use a sort code checker to confirm the details of bank sort codes.

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