'Fraid not in the basic 8+6 digits in UK banking.
There is in IBANs.
[OT] Which is a better way to pay? Bank transfer or cheque?
May 07, 2017
25 Replies
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The problem arises mainly if it is a valid account number and a corrupted sort code. The simplest fix is to have someone else check your data entry against the typed copy before making the transfer.
Or if it is for a large amount do a trial payment of £10 and then when the recipient has confirmed safe arrival of it send £(X-10).
Isn't there?! What a stupid system, one digit wrong and your money is down the pan.
this used to be a case
but they gave up on that, as they needed the full range of numbers for the accounts that they opened and were stuck with a maximum of 8 digits
tim
German banks have recently insisted that all transfers must be done using the full IBAN number (presumably) to avoid this problem
perhaps we should do the same
tim
Best solution. That way the trust is a two-way thing.
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