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Sort Code Meaning

A Sort Code is a six-digit number used in the British and Irish banking systems to identify a specific "Bank" and "Branch." It is the domestic equivalent of a "Routing Number" in the US or a "BIC/SWIFT" code in international banking. When combined with an account number, it creates a unique identifier for any bank account in the region.The first two digits identify the "Bank" (e.g., 40 for HSBC or 20 for Barclays), while the remaining four digits identify the specific "Branch Location." While many modern "Digital Banks" (like Monero or Revolut) use a single sort code for all their users, traditional banks still use them to route physical cash and manage local accounting.

This system is the backbone of the BACS and Faster Payments networks in the UK.In the world of "Crypto On-ramps," providing a Sort Code and Account Number is how UK users send "GBP" to an exchange. The exchange's "Settlement Bank" uses these details to instantly credit the user's account via the Faster Payments service.

As fintech moves toward "Open Banking," the sort code is becoming less of a "Physical Branch" identifier and more of a "Technical Address" that allows different financial apps to talk to each other seamlessly.

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Important Disclaimer:

Finery Markets BVI Limited (“Finery Markets”) provides software, technology infrastructure, and related Information and Communication Technology (ICT) services on a Software-as-a-Service (“SaaS”) basis. Finery Markets acts solely as a software vendor and does not operate a trading platform, does not intermediate, match, execute, clear, or settle transactions, and does not engage in any activities that would require regulatory authorisation under applicable laws.

Finery Markets’ software is non-custodial and is provided exclusively to licensed institutional entities that act as independent operators of their own environments. All counterparties are solely responsible for establishing and maintaining their own bilateral trading and settlement relationships. Finery Markets is not a party to any such arrangements and assumes no responsibility for the conduct, verification, or compliance obligations of any users of the software.

Nothing on this website shall be construed as a financial promotion, investment advice, or an offer to engage in regulated activities. Access to and use of the software is strictly limited to clients who have entered into a software licensing agreement with Finery Markets. Persons located in jurisdictions where such access is restricted should not rely on this website or any of its contents.

Additional notice to UK visitors: This website and associated communications are not intended to constitute a financial promotion under The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) and related guidance. Access to services provided by Finery Markets is limited to regulated entities, professional clients and eligible counterparties as set out by the Financial Conduct Authority. UK users are not permitted to use this website for the services of Finery Markets if they don't fall within these categories.