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The sort code is usually formatted as three pairs of numbers, for example 12-34-56. It identifies both the bank (in the first digit or the first two digits) and the branch where the account is held. [1] Sort codes are encoded into International Bank Account Numbers (IBANs) but are not encoded into Business Identifier Codes (BICs).
Santander UK plc ( UK: / ˌsæntənˈdɛər, - tæn -/, US: / ˌsɑːntɑːnˈdɛər /) [3] is a British bank, wholly owned by the Spanish Santander Group. Santander UK plc manages its affairs autonomously, with its own local management team, responsible solely for its performance. Santander UK is one of the leading personal financial services ...
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The Industry Sorting Code Directory (ISCD) is the definitive list of bank branches and sub branches in the United Kingdom. The directory is maintained by VocaLink on behalf of UK Payments Administration (formally APACS ). The ISCD contains the sort code, SWIFT Bank Identifier Code (BIC), payment information, clearing information and contact ...
Faster Payments. The Faster Payments Service ( FPS) is a United Kingdom banking initiative to reduce payment times between different banks' customer accounts to typically a few seconds, from the three working days that transfers usually take using the long-established BACS system. CHAPS, which was introduced in 1984, provides a limited faster ...
UK banking brands owned by foreign banks. Allied Irish Bank (GB) and First Trust Bank, owned by AIB Group of the Republic of Ireland. Al Rayan Bank, owned by Masraf Al Rayan of Qatar. Axis Bank UK, owned by Axis Bank of India. Bank of Ceylon (UK), owned by Bank of Ceylon of Sri Lanka.
A building society is a financial institution owned by its members as a mutual organization, which offers banking and related financial services, especially savings and mortgage lending. They exist in the United Kingdom, Australia and New Zealand, and formerly in Ireland and several Commonwealth countries, including South Africa as mutual banks ...
Profits at high street bank Santander soared 266% to £1.86 billion last year as the lender released more money set aside to cover the potential financial fallout from the Covid-19 pandemic.