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.
The suffix is automatically allocated by Voca, and are numbered in sequence starting with 01 for the first subbranch. This often led to necessary routing information being missing from payments. The International Bank Account Number (IBAN) is an international standard for identifying bank accounts across national borders with a minimal risk of propagating transcription errors.