What’s a NCC?

NCC stands for National Clearing Code, and is used for making payments to accounts that don’t have an IBAN. A NCC can also be called a Routing Code.

When do you need to use a NCC?

You likely won’t use it much if at all for payments in the EU, but it may crop up if you’re making payments to the US, South Africa, Australia or New Zealand.

If you’re making a payment to the US you may be asked for a routing number or American Bankers Association (ABA) number instead of a NCC. If you’re making a payment to South Africa, Australia or New Zealand you may be asked for a Bank State Branch (BSB) code instead of a NCC. If you’re ever asked for a SWIFT code no matter what country your sending money to, you won’t need a NCC.

If you do make a payment to a country that uses NCCs, you’ll also need to provide the payee’s bank name and address.

The Clear Currency effect:

Keep It Simple

Where are NCCs used?

NCCs are mostly used if you’re sending money to the US, Australia, New Zealand or South Africa.

AKA

Also known as a routing code, you’ll only need a NCC if you don’t already have an IBAN or SWIFT number.

Related articles

Years of Zero - How Zero to Negative Interest Rates Affect FX HedgingOpinion

Years of Zero - How Zero to Negative Interest Rates Affect FX Hedging

Are you an exporter generating US Dollar revenues overseas? Have you previously considered hedging your future rates of conversion through forward contracts but decided against due to the high “give up” premium, the interest rate differential creating a significantly worse forward rate over the prevailing spot rate? Recent central bank actions through the slashing of interest rates may have helped you.

GBPUSD The oldest currency pair in the world, but where next?Guides

GBPUSD The oldest currency pair in the world, but where next?

There were fears a month ago that sterling could fall to its lowest level against the US dollar in its 200+ year history and despite reaching the depths of 1.1450, the lowest since June 1985, it still had some way to go to reach the all-time low of 1.05.

Claiming an overseas inheritance: a guide to currency exchangeGuides

Claiming an overseas inheritance: a guide to currency exchange

From making sure it’s legitimate to knowing what assets are liable to inheritance tax and how to repatriate any funds you may have inherited back to the UK as cost effectively as possible. This article explains how an inheritance from overseas works.

Retiring overseas: a guide to foreign exchangeGuides

Retiring overseas: a guide to foreign exchange

For many of us, the lure of cheaper living (up to five times cheaper in some countries), sunnier climes and an idyllic setting is too much to resist for our retirement - but what are the considerations when it comes to retiring with a foreign currency?

Paying your overseas property bills: a guide to foreign exchangeGuides

Paying your overseas property bills: a guide to foreign exchange

With the right approach and help you can side-step many of the hassles, pitfalls and costs that come from making regular payments in a foreign currency. Here we’ll take you through the common costs owning a property overseas brings with it and how you can best manage and economise them.

The Magic of Thingscase study

The Magic of Things

When it comes to an eye-catching, out of the ordinary business idea, things don’t get more weird and wonderful than The Magic of Things. Find out how we helped to save them thousands of pounds in transaction fees.

We use cookies to collect information about how you use our site. We use this information to make the website work as well as possible and improve our services.

Settings