Routing errors were therefore frequent causing payments to be delayed and incurred extra costs to the sending and receiving banks and often to intermediate routing banks also.
The underlying rules for IBANs is that the account-servicing financial institution should issue an IBAN, as there are a number of areas where different IBANs could be generated from the same account and branch numbers that would satisfy the generic IBAN validation rules. Routing errors were therefore frequent causing payments to be delayed and incurred extra costs to the sending and receiving banks and often to intermediate routing banks also.
In particular, the computer program that accepts an IBAN will be able to validate:
Is the country code valid?
| Bank Name | Sort Code | City | Address & Info |
|---|---|---|---|
| MARKS AND SPENCER FINANCIAL SERVICE | 235614 Equivalent Codes: 23-56-14 23 56 14 | Chester X | MARKS AND SPENCER FINANCIAL Kings Meadow, Chester Business Park, CH99 9FB, Chester X England |