Faster Payments sort code checker

[Deleted User]

Thanks to today's Working Lunch (rarely I expect that's wrote around here :rolleyes:) for the following:

Sort code checker - The Faster Payments sort code checker will be available from 27th May 2008, when the phased roll out of Faster Payments begins.

http://www.apacs.org.uk/sortcodechecker/

Lokolo

Nice one! :beer:

Milarky

What is a 'sort code checker'? (beyond the obvious)

How exactly does it aid or assist customers - who will be going direct to their banks to make payments? (did they say more in the programme?)

I've watched the segment of the programme but it doesn't explain there but Barclay's FAQ page does

Q8. Why can’t all payments be sent via the Faster Payments Service?
Not all banks have agreed to be a part of the Faster Payments Service and there will be an initial period where other banks are still joining the system, therefore payments to these banks will continue on the existing 3-day cycle (Bacs) until they are fully engaged. Payments to accounts at non-member banks will continue to be routed through the existing Bacs system. You can find out more about the Faster Payments Service at the APACS website. From 27 May 2008 this site will tell you whether a particular bank can receive FPS payments.

isofa

In my opinion, it's to cover up the scam banks have been trading on for years, that it takes x working days for money to clear in an account, whilst they make more money out of it. No money will clear much faster, most clearing in the same day.

I waited over a week for some money to clear recently. Ridiculous.