Most credit cards and many government identification numbers use the algorithm as a simple method of distinguishing valid numbers from mistyped or otherwise incorrect numbers.
The sum of all the digits in the third row is 67 x.
Account validation incorporates: The first two, or even all three, aspects of account validation are already used in your Bacstel-IP submission processes, but will also be required at point of data entry when interacting with the payer via a Paperless Direct Debit signup process.
Account validation data is available directly from Bacs or from Bacstel-IP software providers.
This PHP library allows you to check the validity of UK bank account information.
To perform this task it uses publicly available information and the specifications published by Voca Link.
If the entered IBAN is valid our software attempts to identify the bank owning this account,country,address and Business Identifier Code (BIC).
We currently can perform domestic account validation algorithm tests on 37 countries which add a second layer of protection against invalid iban data.
Our company specializes in providing a secure way to verify and safely pay via International Bank Account Numbers.
You must be aware that this library cannot tell you that the account number and sort code associate to an active account, it only tells you that they be assigned to an account.
Neither does it cover all sort codes, some of which are outside the specification and you should assume those details are valid unless otherwise known.
Why Validate Account Numbers against their Sorting Code?
Validating the sorting code and account details of transactions has many benefits including helping to reduce the number of transactions needing returned.