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Business/Rates and charges/International Services rates and charges 

 International Services rates and charges

Sending and receiving money | Currency accounts | Cheques/drafts in foreign currency or drawn abroad | Status enquiries | Foreign exchange | Post payment charges | Trade Services

 Sending and receiving money

Sending money abroad

 

Transaction type
Charges
International Payment - via Internet Banking
£15
Express International Moneymover - in branch
£28
Standard International Moneymover - in branch£21
Non-urgent Euro (SEPA)1 - in branch
£19
International Draft payable abroad - in branch
£15
SEPA Direct Debit
Free

 

All charges are per item unless otherwise stated.

1For non-urgent Euro (SEPA) you must provide a Bank Identifier Code (BIC) and International Bank Account Number (IBAN).

Charges as at 9th January 2012.

Receiving money from abroad

 

Transaction type
Charges
Electronic payments received from abroad
Up to £100 – £2
Over £100 – £7
Foreign cheque/draft

Currency accounts

 

Euro current accounts


View foreign currency accounts interest terms

Transaction type
Charges
Maintenance fee
£24 per annum (half yearly fee of £12 charged in March and September or April and October)3 
Foreign banknotes paid in or out (i.e. foreign banking)2
£2 per £100; minimum £3; plus £10 administration fee
Euro cheques drawn in UK and paid into your account
Currency cheques for sterling cheques drawn abroad and paid into your Euro account

 

2Where the cash is in a different currency from the account, we'll let you know the appropriate rate of exchange at the time of the transaction.

3When maintenance charges are applied will depend on the currency of the account being debited. If charges are being debited from a sterling account the maintenance fee will be charged in March and September or from a foreign currency account in April and October.

 Domestic Euro transaction (both paying and collecting banks are UK based)

 

Transaction type
Charges
Euro cheques issued from your Euro account
59p
Euro cheques paid into your Euro account
In addition, charge levied for credit
27p
70p


 Foreign currency accounts


View foreign currency accounts interest terms

Transaction type
Charges
Account maintenance fee
£30 per half year (charged in March and September or April and October)5
Foreign banknotes paid in or out (i.e. foreign banking)4
£2 per £100; minimum £3; plus £10 administration fee
Currency cheques or sterling cheques drawn abroad and paid into your currency account

 

4Where the cash is in a different currency from the account, we'll let you know the appropriate rate of exchange at the time of the transaction.

5When maintenance charges are applied will depend on the currency of the account being debited. If charges are being debited from a sterling account the maintenance fee will be charged in March and September or from a foreign currency account in April and October.

 Cheques/drafts in foreign currency or drawn abroad

Negotiations

 

Transaction type
Charges
Cheques/drafts (including dividend warrants) payable:
  • in foreign currency or sterling drawn abroad; or
  • in foreign currency drawn in the UK

(See below for exceptions)6

Up to £100 – £5
Over £100 – 25p per £100
Minimum £8, maximum £80
Charges as per country
Cheques/drafts payable in a different currency from the country upon which the cheque/draft is drawn (excluding items expressed in sterling or drawn in the UK)
Up to £100 – £5
Over £100 – 25p per £100
Minimum £15, maximum £80
Charges as per cheque
Unpaid charge (if the cheque/draft is not honoured by the paying bank)
£5

 

6For Euro cheques drawn in the UK, please refer to tariff for domestic Euro transactions.

Collection

 

Transaction type
Charges
Cheques/drafts (including dividend warrants)
Up to £100 – £5
Over £100 – 25p per £100
Minimum £15, maximum £80
N.B. Fee to be taken whether item is paid or unpaid

 Status enquiries

Transaction type
Charges
Status enquiries abroad
If sent electronically
£20
Additional £10

 Foreign exchange

Transaction type
Charges
Spot transactions
No charge
Forward exchange contracts
No charge
Currency options
You will be advised of the charges when the service is provided

 Post payment charges

These charges apply when requests are made after an international payment has been sent abroad.

Transaction type
Charges
Amendments7
£5 per message
Beneficiary claiming non-receipt of funds (BCNR) query
£5 per chaser after the first one which is free of charge
Recalling a payment8
£20 per payment

 

7 Amendments are only allowed on International Moneymover (Standard and Express). They are amendments you want to make on the beneficiary details and/or the amount of payment after the payment is sent.

8If the payment has already been credited into the beneficiary's account using International Moneymover, we can only recall the payment subject to the beneficiary's agreement. The charge will be taken whether the payment can or cannot be recalled. If a payment is recalled, the amount returned to you will be calculated according to the exchange rate on the day it is credited into your account. In the case of cancelling a draft, we may ask you to sign a counter indemnity which allows us to debit your account if money is paid out.

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