International Payments | NatWest International

Overview

Secure - the sender's bank issues the electronic payment instructions to a bank in the UK. The money is then paid into your account

Fast - funds are credited to your account as quickly as possible. This will be either on the value date or, if this isn't possible, on the next possible value date

Low cost - its free to receive payments up to £100 or £7.50 for payments over £100 (or currency equivalent). Euro payments received from the UK, Isle of Man, Channel Islands, Gibraltar or any country with the EEA (european Economic Area) are free of charge regardless of the amount received.

Automatic conversion - it doesn't matter if the payment currency is different from your account currency. So long as the payment is under £25,000 we'll automatically convert it.

How to receive a payment from abroad

Euro payments - information you'll need to provide:
- Our name in full: NatWest plc
- Our SWIFT address: NWBKGB2L
- Your account name and number. This needs to be an IBAN (International Bank Account Number). This is not the same as your normal bank account number. Your branch can give you the details

Non-euro payments - information you'll need to provide:
- Our name in full: NatWest plc
- Your branch sort code
- Your branch name and address
- Your account name and number or identifier

Overview

Handling drafts and cheques
While we don't usually recommend drafts and cheques, a basic principle that you can apply to make the process as simple and cost efficient as possible is to include multiple Sterling cheques and drafts in the same transaction. These need to be in the same currency, drawn on bank or building society branches based in the UK, Channel Islands, Isle of Man or Gibraltar.

If a cheque or draft is the only way that you are able to receive payments from overseas, please note that we can only clear these payments if they are made in Sterling by an issuer, bank or building society branch based in the UK, Channel Islands, Isle of Man or Gibraltar.

Please note that we are unable to accept:

• deposits made to your account in non-Sterling cheques, international or domestic drafts or travellers cheque deposits from any issuer
• Sterling/GBP cheques issued by a bank or building society branch based outside the UK, Channel Islands, Isle of Man or Gibraltar

Any deposits or credits of this nature that we receive will be returned. We do not issue international draft payments.

If you have any questions or need to understand what other options might suit your requirements, please get in touch with your usual contact at the Bank who will be able to assist.