chiangmai
Crazy Mango Extraordinaire
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Post by chiangmai on Sept 5, 2017 17:30:32 GMT 7
HSBC UK changed my bank account and sort code numbers, me along with some 3 million other people in the UK, all a part of ring fencing retail accounts.
I've notified all the usual suspects and there hasn't been a real problem making the switch, except with the US Social Security people that is! The SSc people in Manilla insist on having a routing number which I've explained is an American bank account identifier, in the UK we use Bank Identification Codes (BICS) and in Europe, they use IBAN's - we seem to be at an impasse.
I think and perhaps somebody here can confirm, the old routing number (which they got from somewhere) should still be good since the branch hasn't changed, is that correct? Also, where did Worldpay get a routing number from for HSBC London?
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Post by Fletchsmile on Sept 5, 2017 19:57:05 GMT 7
"Sort Codes" are used internally in the UK.
"Routing Codes" are 9 digits used in the US. They would only be used for banks in the US, so not sure why they are asking for one if your HSBC is in UK.
The Business Identifier Code also called Bank Identifier Code (BIC) or Swift Code is used globally.
Even less developed countries like the Philippines or USA should recognise a BIC or Swift Code and should be fine to use.
So if your transferring to a UK bank from outside the UK I'd try and convince the US/Philippines to use the globally accepted BIC or Swift Code
Not really sure how the US SS system makes it's payment transfers. Perhaps they do to a central clearing facility first, eg HSBC USA which then transfers on to HSBC UK
To be honest though I would think the routing number as well as SWIFT and BIC would remain the same, but just the UK acc number change as you've said
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chiangmai
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Post by chiangmai on Sept 5, 2017 20:14:34 GMT 7
"Sort Codes" are used internally in the UK. "Routing Codes" are 9 digits used in the US. They would only be used for banks in the US, so not sure why they are asking for one if your HSBC is in UK. The Business Identifier Code also called Bank Identifier Code (BIC) or Swift Code is used globally. Even less developed countries like the Philippines or USA should recognise a BIC or Swift Code and should be fine to use. So if your transferring to a UK bank from outside the UK I'd try and convince the US/Philippines to use the globally accepted BIC or Swift Code Not really sure how the US SS system makes it's payment transfers. Perhaps they do to a central clearing facility first, eg HSBC USA which then transfers on to HSBC UK To be honest though I would think the routing number as well as SWIFT and BIC would remain the same, but just the UK acc number change as you've said I guess the vast majority of payments made by SSc are to American banks onshore US hence payment to banks in other countries are an anomaly. SSc staffs regional office in the PI who act as the interface to SSc claimants in the region. Worldpay currently holds the global contract for disbursement of SSc funds, UK payments come via Ireland to mainland UK banks. BIC, SWIFT IBAN and Sort Code are alien terms to SSc PI staff who rarely have to deal with non-US bank ID's. My current SSc record does indeed show a Routing number of 504003286 (per SSc system), where this comes from or what it means remains unknown, it may be HSBC global perhaps. I think I'll hold my ground for the moment and wait to see what they come back with, if anything. |
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Post by Fletchsmile on Sept 5, 2017 20:41:52 GMT 7
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chiangmai
Crazy Mango Extraordinaire
Posts: 6,482
Likes: 5,572
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Post by chiangmai on Sept 6, 2017 7:03:47 GMT 7
504003 looks suspiciously like a Sort Code and indeed it is, for Natwest Bank, an intermediary bank perhaps? And according to the Urban Dictionary, 286 means "I love you", www.urbandictionary.com/define.php?term=286I think we're zeroing in on what this all means.  |
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