The BBAN, whose format is decided by the national banking community, includes the domestic bank account number, branch identifier and potentially routing information, the only restrictions being that it must be of fixed length and that only case-insensitive alphanumeric characters are used.
The sort code, which is a six-digit number, is usually formatted as three pairs of numbers, for example, 12-34-56. Every company that does financial transactions can benefit from having a SORT Codes database to verify it's payments, minimizing the risk of mistyped or incorrect data.
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.
Every company that does financial transactions can benefit from having a SORT Codes database to verify it's payments, minimizing the risk of mistyped or incorrect data.
The EISCD is updated weekly, and is available on a subscription basis from VocaLink.