Sort Code - History

History

Six-digit sort codes were introduced in a staggered process during the 1960s as the banking industry moved towards automation. Prior to this and to facilitate the manual processing of cheques branches were allocated a 'national code' which would comprise anything between three and five digits. These took the following form:

The bank itself would be allocated a main number; Lloyds Bank for example was allocated 3, National Provincial was allocated 5, Martins was allocated 11.

Main clearing branches (usually elite London branches) would bear only one digit after the main number, e.g. 11. Metropolitan branches (which covered Greater London) consisted of two digits after the main number, e.g. 11. Country branches made up the rest of the country, and bear three digits after the main number, e.g. 11. They were displayed on cheques in this fashion, with the bank identifier taking precedence.

To facilitate the move to a six-digit-structure the national codes were retained but where a single-digit was used to identify the bank a two-digit number was introduced, e.g. Barclays branches went from 2 to 20, Midland from 4 to 40, etc.

Read more about this topic:  Sort Code

Famous quotes containing the word history:

    All things are moral. That soul, which within us is a sentiment, outside of us is a law. We feel its inspiration; out there in history we can see its fatal strength.
    Ralph Waldo Emerson (1803–1882)

    What we call National-Socialism is the poisonous perversion of ideas which have a long history in German intellectual life.
    Thomas Mann (1875–1955)

    When the history of guilt is written, parents who refuse their children money will be right up there in the Top Ten.
    Erma Brombeck (20th century)