Automated FX Conversion for international payment flows
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Foreign exchange
CollectionID
Rates, currencies and certain financing products are provided by NatWest Markets Plc and its subsidiaries. For more information please visit our ring-fencing page.
How we could help your business
CollectionID is NatWest’s FX solution for businesses receiving international payments via payment processors. It enables seamless passthrough of up to 36 currencies into NatWest, where funds are automatically converted and settled to your bank account in your preferred currency - without the need to open or manage foreign currency accounts. The platform simplifies FX handling, offering real-time visibility and automated conversion to streamline treasury operations.
Managing FX on processor flows can be complex and resource-intensive. CollectionID automates conversion and settlement, improves pricing transparency, and supports proactive cash flow management. With real-time alerts, daily reporting, and simplified reconciliation, it helps reduce operational friction and optimise your payout process - without adding complexity to your banking setup.
CollectionID solutions
Set up passthrough IBAN
Receive payments in up to 36 currencies via a dedicated virtual IBAN - no need to open or manage foreign currency accounts.
Automated FX conversion
Funds are converted automatically based on your configured FX rules, with transparent pricing and pre-agreed spreads.
Real-time visibility
Instant notifications and daily reports provide full insight into payment activity, FX conversion, and settlement status.
Simplified reconciliation
Reporting tools and integration options help track flows and conversions by source, reducing manual effort and improving accuracy.
FX optimisation for processor flows
Purpose-built for international payment flows, CollectionID automates conversion and settlement to help you capture better rates and reduce friction.
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No need for foreign currency accounts
Route payments through NatWest and settle in your preferred currency - simplifying your banking setup and reducing administrative overhead.
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Automation with transparency
Real-time alerts, daily reporting, and configurable FX rules give you full control and visibility, supporting scalable growth without added complexity.
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