Thankfully there are check digits, so most mistakes should be caught.
But yes - Paypal is good for sending money, but sadly isn't run by the banks themselves. I do wish they'd sort out a "transfer by email" system themselves.
Thankfully there are check digits, so most mistakes should be caught.
Really? I've heard many tales of payments gone astray with mistranscriptions. Apparently if the unintended recipient, and/or their bank, isn't very helpful, it can be very, very hard to resolve.
Until I read your comment, I was pretty sure that account numbers and sort codes don't have check digits, and that the lack (and consequent problems for users) were part of the rationale for developing IBANs, which do have check digits. But IBANs are not (yet) widely used for customer electronic transactions within the UK, SFAIK.
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But yes - Paypal is good for sending money, but sadly isn't run by the banks themselves. I do wish they'd sort out a "transfer by email" system themselves.
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Really? I've heard many tales of payments gone astray with mistranscriptions. Apparently if the unintended recipient, and/or their bank, isn't very helpful, it can be very, very hard to resolve.
Until I read your comment, I was pretty sure that account numbers and sort codes don't have check digits, and that the lack (and consequent problems for users) were part of the rationale for developing IBANs, which do have check digits. But IBANs are not (yet) widely used for customer electronic transactions within the UK, SFAIK.
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This one validated my account, but not one that was a single digit different:
http://www.postcodeanywhere.co.uk/demos/bankvalidator.aspx