SORT CODE Meaning and
Definition
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A sort code is a unique identification number assigned to a specific bank branch or location in the United Kingdom and Ireland. It is primarily used for facilitating domestic payments and transfers between different banks. The sort code, also known as the bank sort code or the national sort code, is a six-digit numerical code.
Each digit in the sort code holds a particular significance. The first two digits indicate the bank that the branch belongs to. The following two digits identify the bank's specific location or city. The last two digits help identify the particular branch within that location.
Sort codes are typically provided on bank statements, checks, and other financial documents to ensure accurate and efficient routing of funds. The code is essential for electronic transactions, such as direct debits, standing orders, and bank transfers. It aids in routing the funds to the correct bank branch in a secure and timely manner.
Additionally, sort codes play a crucial role in identifying the payee's bank when initiating transfers or making payments. They enable the receiving bank to correctly process the transaction and credit the funds to the relevant account.
In summary, a sort code is a unique numerical identifier that helps to pinpoint a specific bank branch in the United Kingdom and Ireland. It facilitates seamless domestic transactions and ensures accurate routing of funds between different banks and accounts.
Common Misspellings for SORT CODE
- aort code
- zort code
- xort code
- dort code
- eort code
- wort code
- sirt code
- skrt code
- slrt code
- sprt code
- s0rt code
- s9rt code
- soet code
- sodt code
- sott code
- so5t code
- so4t code
- sorr code
- sorf code
- sorg code
Etymology of SORT CODE
The term "sort code" originated in the United Kingdom and is primarily used in the context of banking. Its etymology can be broken down as follows:
1. Sort: The word "sort" can be traced back to the Latin word "sors" meaning "lot" or "fate". It evolved over time to refer to various meanings related to classifying, arranging, or categorizing. In the context of banking, "sort" refers to the act of sorting or classifying financial transactions.
2. Code: The term "code" comes from the Latin "codex", referring to a system of laws or rules. In the case of "sort code", it represents a specific combination of numbers used to identify a particular bank branch within the banking system.
Hence, "sort code" can be understood as the code used to categorize or sort bank transactions, indicating the specific branch or location involved.
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