Validate UK sort codes and account numbers using the latest Voca EISCD (Extended Industry Sorting Code Directory) and bank specific validation rules.
Checking bank details is important because incorrect bank account details are rejected by Bacs when Direct Debit, Bacs payments or Faster Payments are submitted.
To avoid the costly overhead of manually correcting rejected Bacs payments, Faster Payments or Direct Debit, all bank account details should be checked.
The Bank Account and Financial Institution Validation was created by Zeidman Development for Blackbaud CRM.
This application allows bank account details and financial institution information to be automatically validated via Unified Software, a specialist provider of online BACs payment, sort code and account checking services.
In the UK, there are 66 modulus checking rules published by APACS/Bacs.
Experian Payments significantly exceeds this number with 115.Gift administrators are now able to validate constituent account details held for the purposes of processing pledges and recurring gifts where the payment method specified by the constituent is direct debit.Account details are stored on the constituent record and can be accessed via the Accounts tab.New query nodes are also available to allow for reporting on validation status.If you do not think that this article covers the information which you require, please return to the complete list of available User Guides.These rules are available as tables on disk and require coding into a software application.