
This is also known as BBAN (= Basic Bank Account Number).
In most countries, this is purely numerical.
A character string which identifies the actual account. Using this check digit, a single incorrect character is always recognised, individual transposed digits are almost always recognised and even with several errors, the recognition rate is still high. In turn, an IBAN consists of the following components: In payment transactions, the BIC/SWIFT BIC is used in combination with an IBAN (= International Bank Account Number), whereby the BIC identifies the bank and the IBAN identifies the relevant account held there. It is used by credit institutions, brokers and similar companies worldwide, and it uniquely identifies each partner who directly or indirectly participates in payment transactions. This is an internationally standardised code for the identification of branch offices in payment transactions. The abbreviation BIC stands for 'Business Identifier Code' (formerly 'Bank Identifier Code'). The BIC of Banque Raiffeisen Sion et Région in Vex is RAIFCH22572. And for international transfers, the BIC (= SWIFT code) is always used instead of the sort code. For one thing, in most countries it forms part of the IBAN, which is what you have to specify nowadays when you are asked for your account number.
The sort code is no longer used separately today. The sort code of Banque Raiffeisen Sion et Région in Vex is 80572 and is used to identify the bank. Mathworks Matlab R2021b (9.11) Packages for (Win,Lin,Mac)