International Payments | NatWest

International Payments

Sending and receiving money from abroad

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Online Banking is available to customers aged 11+ with a NatWest account.

International transfer options

Through Online Banking we offer various transfer methods to ensure you get the best possible service when sending your money abroad.

To send money abroad you will need your debit card, card reader and the recipients IBAN and BIC/SWIFT code
(for non Euro standard payments) or NCC number.

Did you know more than 74% of personal and business international electronic payments are completed using online banking? In May 2016, we introduced even simpler Euro payments.

 

Country specific guidance

Below you can find the outlines to specific requirements associated with foreign payments to certain countries.

Australia

 

A BSB number is an Australian sort code which has 6 digits, the account number has 9 digits.

 

A BSB should be provided in preference to a BIC wherever possible. The BSB should be entered in the National Clearing Code box.

Brazil

A beneficiary phone number is required as banks will phone the customer to call in with ID before the payment is credited to their account.

Canada

Payments to Canada require the beneficiary account number, name and address.

 

An 8-digit Bank Transit Number should be provided in preference to a BIC wherever possible. The Bank Transit Number should be entered into the National Clearing Code box. 

 

When sending Relay/Budget payments to Canada, they more than likely have a 3 figure bank code as that is all they are provided with by the Canadian banks. However, a 4 digit code is required so an additional ‘0’ should be added at the beginning of the code e.g. Royal Bank of Canada 003 should be 0003; HSBC 016 should be 0016.

 

France

Payments to La Poste can only be made in Euros.

India

Payments to India may require an IFSC code (Indian Financial System Code). This is an alpha-numeric code that uniquely identifies a bank-branch participating in the NEFT system (clearing system in India) and has an 11 digit code.

All payments require a beneficiary address. 

Lebanon

Payments must have a 28 digit IBAN.

Mexico

Mexican account numbers are 18 digits long and called a CLABE.

New Zealand

A BSB number is a New Zealand sort code which has 6 digits.

A BSB should be provided in preference to a BIC wherever possible. The BSB should be entered in the National Clearing Code box.

Pakistan

Payments require the beneficiary address.

South Africa

A BSB number is a South African bank sort code which has 6 digits.

A BSB should be provided in preference to a BIC wherever possible. The BSB should be entered in the National Clearing Code box.

Turkey

Payments must have a 26 digit IBAN.

United States of America (USA)

The USA does not generally accept any payment that is not in USD and will convert if sent in Sterling. USA banks are identified using Fed Wire Routing numbers and ABA numbers (equivalent of UK sort codes) which are always 9 digits. This should go in the National Clearing Code box, and should be provided in preference to a BIC wherever possible.

For payments to Credit Unions, please contact the Retail Payments Helpdesk for assistance.

Egypt, Hungary, Italy, Romania & Ukraine

A reason for payment is required to be sent with all payments.

Jordan & Saudi Arabia

All payments must be sent with an IBAN & BIC.

Receiving money from abroad?

There are multiple methods for receiving money from abroad, including:

Bank to Bank electronic transfers

Bank to Bank electronic

Using electronic links between banks is the quickest and most secure method of receiving currency and sterling payments from abroad and currency from within the UK.

 

There are a wide range of benefits to using this method of transfer, including:

  • Electronic payment instructions are sent from the sender's bank to a bank in the UK (preferably to us) and the money is then paid directly into your account.

  • Enhance your cash flow, as funds are received from abroad as quickly as possible.

  • Eliminate the paper-work involved in handling paper-based payments.

  • Payments up to £100 or currency equivalent are charged at £1. Payments for over £100 or currency equivalent are charged at £7 each. These charges do not apply where another bank receives sterling from overseas and passes the funds to our customer via the UK clearing system; in that case the receiving banks will levy its own charges.

  • Our fees are debited from the principal amount before we credit your account. We will send you a credit advice showing a breakdown of our charges.

  • Funds will be credited to your account as soon as possible. This will be either on the value date or, if this is not possible, on the next best possible value date.

  • Automatic currency conversion - payments will be converted into the currency of your account.

How to receive euro payments electronically

For euro payments, you will need:

  • Our name in full: NatWest Plc

  • Our SWIFT address: NWBKGB2L

  • Your account name and IBAN (International Bank Account Number) which can be found on your statement.

How to receive other payments electronically

For all other payments, you will need:

  • Our name in full: NatWest Plc

  • Your branch sort code

  • Your branch name and address

  • Your account name and number or identifier

International payments comprise of both cross-border payments, whether in sterling or currency, and currency payments within the UK.

Handling Drafts & Cheques

Handling Drafts and Cheques


Although we do not recommend that you receive paper-based payments from abroad, we can arrange to clear these on your behalf.

 

Submit foreign cheques & drafts

Submit cheques and drafts drawn on banks abroad or in foreign currency drawn on the UK to be cleared on your behalf.

 

Save costs

Save costs by paying items which are in the same currency, drawn on banks in the same country, for negotiation, in a single pay-in to your account.

Drafts and cheques from abroad can be handled either by negotiation or collection.

 

Payment by negotiation

Payment by negotiation can only be used if the draft or cheque is in the local currency of the country on which it is drawn (e.g. US dollars payable in the US). Even so, we might still have to send it for 'payment by collection' (see below). Foreign currency cheques will be credited to your sterling or currency account within 4 -5 working days of processing, once agreement to negotiate with recourse has been made.

We will normally pay you the value of the draft or cheque, less our charges, using a cheque-buying rate if conversion is necessary. If the payment is not honoured by the paying bank we will subsequently debit from your account the value of the draft or cheque plus a handling fee.

Payments by Negotiation*

Tariff

£100 and under

£5.00

£100.01 - £5,000

£10.00

£5,000.01 - £20,000

£30.00

Above £20,000

£60.00

*A postage fee of 50p will be added to the above charge.

Payment by collection

Sometimes we will have to send a draft or cheque for collection. Examples are

- If the payment is coming from a country with a high risk rate
- If it is not in the local currency of the sender's country (e.g. US dollars payable in Greece)

We will send the draft or cheque to the bank on which it is drawn and will not credit your account until we have received the money or have been assured that it will be paid.

This can take some time, depending on the country the payment is coming from and the bank clearing the payment. Wherever possible ask for sterling drafts drawn on a UK bank. These can then be paid directly into.

*Plus a postage fee of £3.30 for items which we have to send to Europe or £3.60 for items which we have to send to the rest of the world.  In addition, Agents charges will also apply.

Payments by Collection*

Tariff

£100 and under

£5.00

£100.01 - £5,000

£10.00

£5,000.01 - £20,000

£30.00

Above £20,000

£60.00

Currency cheques payable at other UK banks 
and drafts drawn by foreign banks on NatWest

£10.00

International payments comprise of both cross-border payments, whether in sterling or currency, and currency payments within the UK.

 

What are the fees?

When receiving money from abroad, you may be charged a fee for receiving and processing these funds.

Payments up to £100 or currency equivalent are charged at £1. Payments for over £100 or currency equivalent are charged at £7 each. These charges do not apply where another bank receives sterling from overseas and passes the funds to our customer via the UK clearing system; in that case the receiving banks will levy its own charges.

Unless the Payer has requested to pay the fees, our fee will be debited from the principal amount before we credit your account. We will send you a credit advice showing a breakdown of our charges.

Funds will be credited to your account as soon as possible. This will be either on the value date or, if this is not possible, on the next best possible value date.

Automatic currency conversion - payments will be converted into the currency of your account.

To receive euro payments, you will need:

  • Our name in full: National Westminster Bank plc
  • Your account name and IBAN, found on your statement or in Online Banking under 'View account details'

For all other payments, you will need:

  • Our name in full: National Westminster Bank Plc
  • Your branch sort code
  • Your branch name and address
  •  Your account name and number or identifier
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