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Payments

International Payments

Make and receive payments around the world

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How we could help your business

International Payments are the fastest, most reliable and secure way to send funds overseas or make foreign currency payments within the UK.

Pay and be paid in the world's major currencies, helping your business trade internationally with ease.

Our International Payments solutions

International Payments:

Can be made in Sterling or in the following 35 foreign currencies, or 45 foreign currencies if Bankline is used:

Australian Dollar, Bahraini Dinar, Barbados Dollar, Bermudian Dollar, Canadian Dollar, Chinese Renminbi, Czech Koruna, Danish Krone, Euro, Hong Kong Dollar, Hungarian Forint, Indian Rupee, Israeli New Shekel, Japanese Yen, Jordanian Dinar, Kenyan Shilling, Kuwaiti Dinar, Mauritius Rupee, Mexican Peso, Moroccan Dirham, New Zealand Dollar, Norwegian Krone, Omani Rial, Polish Zloty, Qatari Riyal, Saudi Riyal, Singapore Dollar, South African Rand, Swedish Krona, Swiss Franc, Thai Baht, Tunisian Dinar, Turkish Lira, UAE Dirham and US Dollar.

Additional Currencies via Bankline

You can also access these 10 currencies using Bankline:

Brazilian Real, Egyptian Pound, Icelandic Krona, Malaysian Ringgit, New Taiwan Dollar, Pakistan Rupee, Philippines Peso, Romania Leu, South Korean Won and Sri Lanka Rupee.

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SEPA Payments:

A SEPA payment is a Euro payment made between members of the Single Euro Payments Area (SEPA).

Compared to a standard International Payment, SEPA payments are a faster, simpler and cheaper way to make Euro payments between the countries within this agreement, as they're subject to a uniform set of rules. 

Typically, the beneficiary should receive the funds on the same day that you make the payment, as long as the payment was made before 2:00pm. If not, the beneficiary should receive the funds next working day.

All charges under SEPA are shared (you only pay our fee if applicable, and the beneficiary pays their bank’s fee). It is not possible for you or the beneficiary to pay both sets of fees.

Learn about SEPA Credit Transfers

Learn about SEPA Direct Debit    

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How making payments works

What you'll need:

  1. Beneficiary's name 

  2. Beneficiary's SWIFT BIC (unique Bank Identifier Code) 

  3. If available, Beneficiary's International Bank Account Number (IBAN)

  4. If IBAN is not available, please use the beneficiary's account number and sort code or bank code 

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Considerations:

You can make payments internationally using Bankline Direct, Bankline, Online Banking or in branch.

There are payment limits and specific pieces of information that would be required for making payments with specific methods, in some currencies or to certain jurisdictions as set by the local regulators.

Please check the Business FAQ about International Payments or check the Bankline FAQ about International Payments or reach out to the Bankline Helpdesk for more information.

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Charges

We do not charge for currency payments between your own accounts, if they are in the name of the same legal entity.

Whenever you make an International Payment, there are two charges that must be paid - to NatWest for making the payment and to the Receiving Bank for processing the payment and crediting the account of the Payee. There are three ways in which the charges can be paid:

  • You and the payee share the charges (SHA/SHAR): You'll pay our charge of £15 (or £0.50p for SEPA payments) and the payee will pay their bank's charges, so they may receive slightly less than you send.
  • The payee pays both charges (BEN/CRED): You pay no charge. Before sending the payment to the payee’s bank, we deduct our charge of £30, and the payee’s bank may apply a further charge before crediting the payee.
  • You pay both our charges and the payee's bank charge (OUR/DEBT): You'll pay our charge of £15 and the payee’s bank’s charge or agent fee which is £12.50 or £8.50, depending on the country to which it is sent*. The payee should receive the full amount of money you send.

*This charge is currently £8.50 for payments to US, Canada, Australia, New Zealand, South Africa and European countries that are not in the SEPA zone, and £12.50 for the Rest of the World.

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Please note, in some cases for SWIFT International Payments, intermediary banks may need to be involved, and they may deduct fees from the total sent amount, however your fees charged by us will be unaffected.

Where a transaction requires foreign exchange conversion, a margin is applied.

Receiving International payments

You can easily and securely receive International Payments and SEPA Credit Transfers from your trading partners around the world.

What do I need to provide my payer?

Ensure you provide the payer with the correct account details in which you want the payment to arrive. This will ensure you receive the money and it credits the correct account.

Your payer will need: 

  • Our name in full - National Westminster Bank Plc
  • Our SWIFT address - NWBKGB2L

and either

  • Your account name and IBAN (International Bank Account Number) this can be found on your statement, via Bankline, or Online Banking.

or:

  • If the payer cannot send money to you using an IBAN, the alternative is to provide your account name, account number, sort code, the branch name and address where your account is held.
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Bankline and Online Banking are available to NatWest Business current account customers.  Fees may apply.

How it works:

  • You can be paid directly into your Business currency account, just provide the payer with the correct details.
  • You'll receive a credit advice confirming the payment has been received.
  • There is no charge for receiving payments in Euro.
  • For receiving payments in all other currencies, there is a £7 charge.
  • Payments into a currency account will be charged the currency equivalent of £7.
  • Where a transaction requires foreign exchange conversion, a margin is applied.

What do I need to provide my payer?

Ensure you provide the payer with the correct account details in which you want the payment to arrive. This will ensure you receive the money and it credits the correct account.

Your payer will need: 

  • Our name in full - National Westminster Bank Plc
  • Our SWIFT address - NWBKGB2L

and either

  • Your account name and IBAN (International Bank Account Number) this can be found on your statement, via Bankline, or Online Banking.

or:

  • If the payer cannot send money to you using an IBAN, the alternative is to provide your account name, account number, sort code, the branch name and address where your account is held.
Information Message

Bankline and Online Banking are available to NatWest Business current account customers.  Fees may apply.

How it works:

  • You can be paid directly into your Business currency account, just provide the payer with the correct details.
  • You'll receive a credit advice confirming the payment has been received.
  • There is no charge for receiving payments in Euro.
  • For receiving payments in all other currencies, there is a £7 charge.
  • Payments into a currency account will be charged the currency equivalent of £7.
  • Where a transaction requires foreign exchange conversion, a margin is applied.

Information about your payments

Check International Payment exchange rates

Use our FX calculator to see the current foreign exchange rates applicable to International Payments, and how much you'd be sending or receiving in your chosen currencies.

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Tracking International Payments

Your International Payments through Bankline are sent as urgent payments; you simply choose the date.

Wondering where an International Payment is up to? You can use our tracker to check the status of your payment. You can also share the tracking status with your beneficiaries.

SEPA payments can’t be tracked as they’re not routed via the SWIFT network.

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International Trade Hub

Would you like to hear more about trading around the world?  

Contact us

Already a customer?

Get in touch with your relationship manager to learn more about our solutions or call Businessline on

03457 11 44 77

18001 03457 11 44 77 Relay UK

Monday to Friday 9am-5pm (excl. public holidays) for lending and other specialist business banking enquiries. Our call centres are open 24/7 for basic banking enquiries.

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