This standard was revised in 2003 and again in 2007 when it was split into two parts. Although there is a strong correlation between BIC Codes and sort codes, sort codes are not explicitly encoded into BIC codes (although they are encoded into IBANs).
Weekly updates ensure you have the most up-to-date UK payments information on the market. Weekly updates ensure you have the most up-to-date UK payments information on the market. For example, sorting code 00-00-00 would represent the main bank office, and the first subbank office registered would have the suffix 01.
BICS are allocated for international payment services over the SWIFT network.