If you get your new sort code and need to set up a new PAYE, you should also use your new details, but if you forget then that's fine - as old sort codes will continue to work for three years.

This involves issuing new sort codes to some customers - but not everyone. Ring-fencing rules only apply to banks with more than £25 billion of personal and small business deposits.

Nick Goodway: Sort codes could be another headache for ring-fenced banks Issues piling up: Ring-fencing may mean bank customers have to be given brand new cards to make payments PA Nick Goodway ...

We sent £2,297 to the wrong account after mistakenly typing 87 in the sort code when it was supposed to be 89. It had been intended for the Deposit Protection Scheme, but ended up in another account.

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. My financial adviser put the wrong bank sort code on forms for my investment company, resulting in £2,000 ...

A pensioner has been forced to take legal action after a bank withheld his £193,000 inheritance. Peter Teich, 74, from Cambridge gave his solicitor the wrong sort code and the money was ...