An in-depth look at BACS, the UK payment system, its historical context, operations, importance, and related terms.
An in-depth look at the Clearing Cycle in banking, including historical context, key events, types, models, and more.
The Minimum Lending Rate (MLR) was the minimum rate at which the Bank of England lent to UK discount houses between 1971 and 1981, serving as a key interest rate benchmark.
An in-depth exploration of overseas banks, particularly foreign banks with branches or subsidiaries in the UK.
A Sort Code is a sequence of numbers used in the UK to identify the branch holding a bank account. It is essential for various financial transactions, including electronic payments and cheque processing. The US equivalent is the routing number.
A comprehensive guide to Stale Cheques, their implications, importance, and related considerations in the banking sector.
VocaLink is the company responsible for managing the UK's national bank payments infrastructure, playing a pivotal role in the functioning of Bacs and LINK.
