Definitions for sort code
sort code

WiktionaryRate this definition:0.0 / 0 votes

1. sort codenoun

   A code assigned to a specific branch of a bank.

WikipediaRate this definition:0.0 / 0 votes

1. Sort code

   Sort codes are the domestic bank codes used to route money transfers between financial institutions in the United Kingdom, and 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. In the UK they continue to be used to route transactions domestically within clearance organisations and to identify accounts, while in the Republic of Ireland (a founder member of the Euro) they have been deprecated and replaced by the SEPA systems and infrastructure. Sort codes for Northern Ireland branches of banks (codes beginning with a '9') were registered with the Irish Payment Services Organisation (IPSO) for both Northern Ireland and the Republic. These codes are used in the British clearing system and historically in the Irish system. The sort code is usually formatted as three pairs of numbers, for example 12-34-56. It identifies both the bank (in the first digit or the first two digits) and the branch where the account is held. Sort codes are encoded into IBANs but are not encoded into BICs.

WikidataRate this definition:0.0 / 0 votes

1. Sort code

   A sort code is the name given by both the British and Irish banking industry to the bank codes which are used to route money transfers between banks within their respective countries via their respective clearance organisations. In Ireland it is known as the NSC or National Sort Code and is regulated by IPSO. Although sort codes in both countries have the same format, they are regulated by different authorities as each country has its own banking system. Banks in Northern Ireland can be part of either the British or the Irish clearing system, depending on their country of registration. Also, sort codes for Northern Ireland branches of banks registered in both Northern Ireland and the Republic, are valid, and recognised for use in the Republic. The numbering ranges for both are complementary, but do not overlap. The sort code, which is a six-digit number, is usually formatted as three pairs of numbers, for example 12-34-56. It identifies both the bank and the branch where the account is held. In some cases, the first digit of the sort code identifies the bank itself and in other cases the first 2 digits identify the bank. Although there is a strong correlation between BIC Codes and sort codes, sort codes are not explicitly encoded into BIC codes.

Editors ContributionRate this definition:0.0 / 0 votes

1. sort code

   A form of code created for a specific community bank branch, post office or other form of financial account that uses this type of code.

   Each community bank branch and post office has a specific sort code they use to identify their branch.

   
   

   Submitted by MaryC on January 20, 2021  

How to pronounce sort code?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say sort code in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of sort code in Chaldean Numerology is: 8

2. Pythagorean Numerology

   The numerical value of sort code in Pythagorean Numerology is: 9

References

1. ^ Wiktionary
   https://en.wiktionary.org/wiki/Sort_Code
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Sort_Code
3. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=sort code