2 min read
Definition
A sort code is a six-digit code (shown as XX-XX-XX) identifying the bank and branch holding an account. Together with the eight-digit account number it directs UK BACS and Faster Payments.
In plain terms
It is the address on the envelope for a bank transfer. Get it wrong and the money goes astray, so always double-check payee details.
Why it matters for your company
Verify supplier bank details independently before paying — invoice-redirection fraud relies on a swapped sort code. Sound controls protect your cash. See BACS payment.
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