If I transferred money online, to an account that did not exist, though the sort code would be valid, what would happen?
- posted
19 years ago
If I transferred money online, to an account that did not exist, though the sort code would be valid, what would happen?
"Splidger" wrote in message news:cqs97k$pep$ snipped-for-privacy@news8.svr.pol.co.uk... If I transferred money online, to an account that did not exist, though the sort code would be valid, what would happen?
Yes, that should be the case - a client did that a few months back.
Unless by sheer chance the sort code and account number did exist - payment would then go into that account.As online transactions are done electronically only ones over a certain amount would be checked to see if name and account number matched. Eric
I seem to remember reading that the account numbers, when allocated to new customers are incremented by 13 each time so that it reduces the chance of a payment going into someone else's account if one digit is miskeyed.
checked
Theres a checksum based on the sort code and account number, you can test sort code/account combinations yourself at
Peter
BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.