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If possible with your account you can pay using the BIC and IBAN. The IBAN has a check digit that will detect common mistakes and prevent the payment from being acceptable.
Unfortunately the traditional UK banking system lacks this modern protection against mistakes.
No it doesn't.
Take your 8 digit account number. The first 7 digits count as part of the number, and the eighth is a check digit. There are additional restrictions on certain sort code/account number combinations that further protect you against incorrectly typing in numbers.
Thanks. Interesting, seems that my attempt at a random account number in the checker mentioned earlier was a valid number. I've since tested some variations on my own account number and many were identified as invalid.
What is the name of the algorithm used for the check digit?
RESULT! Phoned Coventry - they found my £550 and using the name a A/C details they had, attempted to transfer it into my ISA. The ISA's hit the upper savings limit so it's being returned to HSBC and should clear on Thursday!
Thanks. Interesting, seems that my attempt at a random account number in the checker mentioned earlier was a valid number. I've since tested some variations on my own account number and many were identified as invalid.
What is the name of the algorithm used for the check digit?
I don't know that it's standardised between banks etc.
:j 0
