Chase sort codes

steven141

I noticed that all Chase sort codes tend to be 60-84-07 I’m thinking with all of the account numbers available to them, they have a limited selection, so do they recycle them? 

I know that each savings account and bank account has its own unique account number but eventually they will run out. I noticed that they aren’t issued in order as you can open numerous accounts and they are all over the place. 

BoGoF

steven141 said:

I noticed that all Chase sort codes tend to be 60-84-07 I’m thinking with all of the account numbers available to them, they have a limited selection, so do they recycle them? 

I know that each savings account and bank account has its own unique account number but eventually they will run out. I noticed that they aren’t issued in order as you can open numerous accounts and they are all over the place. 

With an 8 digit account number I don't think they will run out anytime soon....google suggests 100 million combinations.

HillStreetBlues

steven141 said:

I noticed that all Chase sort codes tend to be 60-84-07 I’m thinking with all of the account numbers available to them, they have a limited selection, so do they recycle them? 

I know that each savings account and bank account has its own unique account number but eventually they will run out. I noticed that they aren’t issued in order as you can open numerous accounts and they are all over the place. 

I would have thought 100 million account numbers is enough for the moment for a bank that has a small footprint in the UK.

steven141

I’m guessing so but if they grow bigger and with everyone using them as “burner” accounts they will soon add up. 

BoGoF

steven141 said:

I’m guessing so but if they grow bigger and with everyone using them as “burner” accounts they will soon add up. 

Well, most banks have multiple sort codes so they could get another one and another loads of million potential accounts.

DullGreyGuy

BoGoF said:

steven141 said:

I noticed that all Chase sort codes tend to be 60-84-07 I’m thinking with all of the account numbers available to them, they have a limited selection, so do they recycle them? 

I know that each savings account and bank account has its own unique account number but eventually they will run out. I noticed that they aren’t issued in order as you can open numerous accounts and they are all over the place. 

With an 8 digit account number I don't think they will run out anytime soon....google suggests 100 million combinations.

There are 100m possible 8 digit numbers however bank account numbers cannot be just any number, there are checksums involved (in the UK there are 2 different ones and 15 exceptions) but it makes it easy to see if someone has randomly miskeyed a number or transposed two digits because it will fail the basic check... useful for companies trying to set up DDs etc to avoid being given a wrong number and having to wait for the bank to tell you. 

Even factoring that in there are plenty of numbers available and they aren't the only ones... Starling currently only have a single sort code and 3.6 million customers of which some will be holding more than one account. 

Some banks state they categorically dont recycle account number/sort code combinations but others do... Barclays for example does but waits for the original account to have been closed a minimum of 5 years before considering reusing the number

steven141

DullGreyGuy said:

BoGoF said:

steven141 said:

I noticed that all Chase sort codes tend to be 60-84-07 I’m thinking with all of the account numbers available to them, they have a limited selection, so do they recycle them? 

I know that each savings account and bank account has its own unique account number but eventually they will run out. I noticed that they aren’t issued in order as you can open numerous accounts and they are all over the place. 

With an 8 digit account number I don't think they will run out anytime soon....google suggests 100 million combinations.

There are 100m possible 8 digit numbers however bank account numbers cannot be just any number, there are checksums involved (in the UK there are 2 different ones and 15 exceptions) but it makes it easy to see if someone has randomly miskeyed a number or transposed two digits because it will fail the basic check... useful for companies trying to set up DDs etc to avoid being given a wrong number and having to wait for the bank to tell you. 

Even factoring that in there are plenty of numbers available and they aren't the only ones... Starling currently only have a single sort code and 3.6 million customers of which some will be holding more than one account. 

Some banks state they categorically dont recycle account number/sort code combinations but others do... Barclays for example does but waits for the original account to have been closed a minimum of 5 years before considering reusing the number

That’s interesting that Barclays recycle the numbers, one reason why it’s more important than ever to make sure that the payee name is verified when sending a payment. 

[Deleted User]

steven141 said:

DullGreyGuy said:

BoGoF said:

steven141 said:

I noticed that all Chase sort codes tend to be 60-84-07 I’m thinking with all of the account numbers available to them, they have a limited selection, so do they recycle them? 

I know that each savings account and bank account has its own unique account number but eventually they will run out. I noticed that they aren’t issued in order as you can open numerous accounts and they are all over the place. 

With an 8 digit account number I don't think they will run out anytime soon....google suggests 100 million combinations.

There are 100m possible 8 digit numbers however bank account numbers cannot be just any number, there are checksums involved (in the UK there are 2 different ones and 15 exceptions) but it makes it easy to see if someone has randomly miskeyed a number or transposed two digits because it will fail the basic check... useful for companies trying to set up DDs etc to avoid being given a wrong number and having to wait for the bank to tell you. 

Even factoring that in there are plenty of numbers available and they aren't the only ones... Starling currently only have a single sort code and 3.6 million customers of which some will be holding more than one account. 

Some banks state they categorically dont recycle account number/sort code combinations but others do... Barclays for example does but waits for the original account to have been closed a minimum of 5 years before considering reusing the number

That’s interesting that Barclays recycle the numbers, one reason why it’s more important than ever to make sure that the payee name is verified when sending a payment. 

Not really as traditional clearing banks will probably be one of the safest; many allocate theirs to branches and tend not to issue them (once a branch closes) to any new customers. 

Unlike newer providers e.g. Nationwide which has only a handful of current account sort codes - it used to only have two 074456/070116 until about 2007.

steven141

[Deleted User] said:

steven141 said:

DullGreyGuy said:

BoGoF said:

steven141 said:

I noticed that all Chase sort codes tend to be 60-84-07 I’m thinking with all of the account numbers available to them, they have a limited selection, so do they recycle them? 

I know that each savings account and bank account has its own unique account number but eventually they will run out. I noticed that they aren’t issued in order as you can open numerous accounts and they are all over the place. 

With an 8 digit account number I don't think they will run out anytime soon....google suggests 100 million combinations.

There are 100m possible 8 digit numbers however bank account numbers cannot be just any number, there are checksums involved (in the UK there are 2 different ones and 15 exceptions) but it makes it easy to see if someone has randomly miskeyed a number or transposed two digits because it will fail the basic check... useful for companies trying to set up DDs etc to avoid being given a wrong number and having to wait for the bank to tell you. 

Even factoring that in there are plenty of numbers available and they aren't the only ones... Starling currently only have a single sort code and 3.6 million customers of which some will be holding more than one account. 

Some banks state they categorically dont recycle account number/sort code combinations but others do... Barclays for example does but waits for the original account to have been closed a minimum of 5 years before considering reusing the number

That’s interesting that Barclays recycle the numbers, one reason why it’s more important than ever to make sure that the payee name is verified when sending a payment. 

Not really as traditional clearing banks will probably be one of the safest; many allocate theirs to branches and tend not to issue them (once a branch closes) to any new customers. 

Unlike newer providers e.g. Nationwide which has only a handful of current account sort codes - it used to only have two 074456/070116 until about 2007.

Royal Bank of Scotland let you choose old branches which have closed down when you open an account although it may be just for additional accounts rather than new. 

[Deleted User]

steven141 said:

[Deleted User] said:

steven141 said:

DullGreyGuy said:

BoGoF said:

steven141 said:

I noticed that all Chase sort codes tend to be 60-84-07 I’m thinking with all of the account numbers available to them, they have a limited selection, so do they recycle them? 

I know that each savings account and bank account has its own unique account number but eventually they will run out. I noticed that they aren’t issued in order as you can open numerous accounts and they are all over the place. 

With an 8 digit account number I don't think they will run out anytime soon....google suggests 100 million combinations.

There are 100m possible 8 digit numbers however bank account numbers cannot be just any number, there are checksums involved (in the UK there are 2 different ones and 15 exceptions) but it makes it easy to see if someone has randomly miskeyed a number or transposed two digits because it will fail the basic check... useful for companies trying to set up DDs etc to avoid being given a wrong number and having to wait for the bank to tell you. 

Even factoring that in there are plenty of numbers available and they aren't the only ones... Starling currently only have a single sort code and 3.6 million customers of which some will be holding more than one account. 

Some banks state they categorically dont recycle account number/sort code combinations but others do... Barclays for example does but waits for the original account to have been closed a minimum of 5 years before considering reusing the number

That’s interesting that Barclays recycle the numbers, one reason why it’s more important than ever to make sure that the payee name is verified when sending a payment. 

Not really as traditional clearing banks will probably be one of the safest; many allocate theirs to branches and tend not to issue them (once a branch closes) to any new customers. 

Unlike newer providers e.g. Nationwide which has only a handful of current account sort codes - it used to only have two 074456/070116 until about 2007.

Royal Bank of Scotland let you choose old branches which have closed down when you open an account although it may be just for additional accounts rather than new. 

As a new customer, they usually preallocate you bank details including sort code/account number.
There is a legacy form floating about that people have been using to apply for their defunct Child & Co branch.