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    • janeke
    • By janeke 5th Jul 17, 11:37 AM
    • 84Posts
    • 9Thanks
    Kent Reliance with Natwest sort code?!
    • #1
    • 5th Jul 17, 11:37 AM
    Kent Reliance with Natwest sort code?! 5th Jul 17 at 11:37 AM
    I`m opening a bond with Kent Reliance and have an email from them saying to use the sort code 62 24 97 - but this is a Natwest sort code.

    Is this OK? I haven`t been able to find any links between Kent Reliance and NatWest
    Last edited by janeke; 05-07-2017 at 11:59 AM. Reason: error
Page 1
    • zx81
    • By zx81 5th Jul 17, 11:48 AM
    • 16,856 Posts
    • 17,875 Thanks
    • #2
    • 5th Jul 17, 11:48 AM
    • #2
    • 5th Jul 17, 11:48 AM

    "Bank transfer and standing order
    To pay in by bank transfer or by standing order, please quote the following details:
    Sort code 62 - 24 - 97
    Account number Take the numbers from your account number and add a zero to the beginning. For example ABC1234567KRB would become 01234567
    Reference Quote the full account number of the account into which you are paying including the letters at the beginning and end, for example ABC1234567KRB"
    • agrinnall
    • By agrinnall 5th Jul 17, 2:34 PM
    • 20,157 Posts
    • 15,880 Thanks
    • #3
    • 5th Jul 17, 2:34 PM
    • #3
    • 5th Jul 17, 2:34 PM
    There don't need to be any links between the two organisations other than whatever commercial agreements they have. The sortcode is for a collection account, the same as many organisations have with their banks. The chances are that Kent Reliance are not a member of Vocalink and don't have their own sortcodes, so they bank with a bank that does (Nat West in this case) and use the collection account as a means of transacting with their customers. It's not anything to be worried about.
    • Mee
    • By Mee 10th Jul 17, 3:08 PM
    • 1,091 Posts
    • 1,039 Thanks
    • #4
    • 10th Jul 17, 3:08 PM
    • #4
    • 10th Jul 17, 3:08 PM
    Is it by chance that finger licking 1.7% 1 year f.r. bond?
    He who accepts evil without protesting against it is really cooperating with it. [MLK]
    • Ballard
    • By Ballard 10th Jul 17, 6:24 PM
    • 1,796 Posts
    • 1,537 Thanks
    • #5
    • 10th Jul 17, 6:24 PM
    • #5
    • 10th Jul 17, 6:24 PM
    KRBS won't be a direct participant in BACS, Faster Payments or CHAPS so will have been sponsored into the schemes by NatWest. KRBS will maintain an account with NatWest and any payments in and out will pass through it.

    It's normal for small banks to operate in this manner. I used to be involved in this sort of thing for a small bank and unless things have changed in the last couple of years there may be slight delays in faster payments being received as NatWest will forward them in batches during the day. From memory this happened three or four times a day. We didn't send faster payments in this way so I can't comment on outward payments.
    I got a letter from the government the other day. I opened it and read it. It said they were suckers.
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