If I transferred money online, to an account that did not exist, though the sort code would be valid, what would happen?
Invalid details.
Dec 28, 2004
5 Replies
"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
formatting link
Peter
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