69 Bank Sort Code Means 2021 (Images)

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Bank Sort Code Means. These codes, like many other bank codes, are used to identify the location of the bank where the account is held. Therefore, sort codes enables easy transfer of money from one account in one bank branch to another branch of the bank or another Thanks For Reading.

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How to find Sort Code in IBAN Number? Here we explain their purpose and where you can find them. The structure of the code is very simple and is comprised of six numbers split into three pairs, usually.

Having understood what the term means and how each digit of the codes were derived, we can now move on to the main objective of this write up.

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It may look like a set of random numbers, but each pair of numbers mean something. They actually have a specific meaning and purpose. In line with an agreement between the Bundesbank and the the German banking industry, domestic payment service providers that operate in the field of payments are distinguished by means of bank sort codes.