Clearing requirements
All bank offices participating in any of the following clearings must have a sorting code:
Every bank office with a sorting code does not necessarily participate in all these clearings, however, once a sorting code has been issued to a bank office, the same sorting code will be used in all of the clearings. Subbranches have the same sorting code as the main bank office, but to uniquely identify them they have a two-digit suffix after the sorting code. UK clearings systems:
UK Clearing systems
BACS: Bulk electronic clearing
CHAPS Sterling: High value, same day sterling payment clearing
CHAPS Euro: High value, same day euro payment clearing
Cheque and Credit Clearing: Cheque clearing for Great Britain & Northern Ireland.
Sort code is a bank code used in British banking industry to route money transfers between banks within United Kingdom. Sort code is a bank code used in British banking industry to route money transfers between banks within United Kingdom.