UK Banking

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November 15, 2023 3 min read Definitions
High Street Bank Explained: Traditional Banking on Main Thoroughfares
Finance Banking Retail Banking High Street Bank Retail Banking Financial Institutions UK Banking Main Street Banking
Discover what a High Street Bank is, how it functions, and its role in the financial landscape of cities. Essential read for anyone exploring banking options or studying finance.
Read more about High Street Bank Explained: Traditional Banking on Main Thoroughfares.
October 5, 2023 2 min read Definitions
Sort Code in UK Banking: Identification and Use
Finance Banking UK Banking Sort Code UK Banking Financial Transactions Bank Identification Routing Number
Explore the significance of sort code in UK banking, its role in secure bank transactions, and how it compares to the US routing number.
Read more about Sort Code in UK Banking: Identification and Use.
October 4, 2023 3 min read Definitions
'Account Payee Only' on UK Cheques: A Guide
Banking Financial Security Compliance Cheque Processing Banking Regulations Financial Security Cheque Act 1992 UK Banking
Explore the meaning and implications of 'Account Payee Only' on cheques in the UK, ensuring funds are transferred securely to the intended recipient.
Read more about 'Account Payee Only' on UK Cheques: A Guide.
October 4, 2023 3 min read Definitions
Association for Payment Clearing Services (APACS) Explained
Finance Banking UK Business History APACS UK Banking Payment Clearing Money Transmission Financial Services
Learn about APACS, its role in UK banking & finance, and how it transitioned to the UK Payments Administration. Historical insights into payment clearing services.
Read more about Association for Payment Clearing Services (APACS) Explained.
October 3, 2023 3 min read Definitions
VocaLink: Sustaining the UK's Financial Pulse
Finance Banking Payment Systems VocaLink UK Banking Payment Systems Financial Infrastructure Bacs
Explore how VocaLink operates as the backbone of the UK's banking payments infrastructure, partnering with Bacs and LINK.
Read more about VocaLink: Sustaining the UK's Financial Pulse.
September 28, 2023 3 min read Definitions
Sterling Overnight Interbank Average (SONIA) Rate: A Key UK Interest Benchmark
Finance Banking Economics SONIA Interest Rates Overnight Rates Financial Benchmarks UK Banking
Dive into the ins and outs of the SONIA Rate, the leading interest rate benchmark in the UK for overnight transactions among banks. Learn its function, calculation, and impact on financial markets.
Read more about Sterling Overnight Interbank Average (SONIA) Rate: A Key UK Interest Benchmark.

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