Bank Codes & CV4B Report

Creditvision for a Business score to replace bank codes

When clicking on the button to order a bank code, you will find a summary as provided by Transunion Credit Bureau of the C4B report made available by them to replace bank codes. You will note that on the second page of the brochure, a breakdown is given of the risk profile based on whether the subject is a small to medium size business or a large one. The score is made up by, amongst other things, taking into account the risk profile of the principals of the enterprise as well as that of the enterprise itself.

We are of the firm view that bank codes are no longer that relevant. It is also a fact that the majority of banks no longer make bank codes available. It is for that reason that other tools such as the CreditRisk system to assist businesses have become even more important.

Report Name:

• CV4B no Consent – where the Principal has not provided consent
• CV4B Sacrra – includes payment profile data in the score
• CV4B non-Saccra – excludes payment profile data in the score

Principal Segment: • Non-Sacrra

• Sacrra
• No Consent – no principal score can be returned as consent has not been provided to review how the principals conduct their personal affairs.

Large Company (SM) Non-Saccra and No Consent

Small / Medium Company (SM) Non-Saccra and No Consent

Updated on: 11/07/2023