What impact will ring-fencing have on sort codes?
One of the implications of ring-fencing legislation is that we won’t be able to have clients on the same sort code in both entities. As such, some clients’ sort codes may need to change. This is because sort codes can’t be shared between the ring-fenced bank and the rest of Barclays. At the moment, some sort codes are being used both by clients who will remain with Barclays Bank PLC and clients who will be moving to the new ring-fenced bank. This means there will be a requirement to change those sort codes impacted before we complete the transfer. Please note that account numbers will not change.
A different sort code will also mean that your International Bank Account Number (IBAN) will change, as your IBAN includes your sort code. If this change affects you, we will keep you up to date with what is happening and when.
You can continue to make payments using your old sort codes for up to 12 months after any changes are applied. Additionally, we will also forward any payments made to you using the old sort code details for up to three years.
If you are impacted by sort code migrations we will contact you.
If you have a relationship contact, they will be able to explain the changes and answer any questions you may have including concerns you have about the communications you have received. Dedicated support teams will also be available to help you prepare for the forthcoming changes and guide you through every step of the journey before, during and after the changes are applied.
You can reach the dedicated support teams via the telephone numbers referenced in the communications regarding the sort code migrations.
You may also receive emails regarding sort code migration. You should know that all emails from the Barclays sort code migration team will be sent from a Barclays email address with the domain @barclays.com. The full email address will have been provided during our first contact.