International Payments | NatWest International

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International Payments

Sending and receiving money from abroad

What you'll need

Whether you're sending or receiving payments, check what you'll need to hand before choosing one of our convenient international payment solutions.

Making international payments

Make sure you have...

  • Recipient name
  • International Bank Account Number (IBAN)
  • SWIFT / BIC
  • Recipient bank name
  • Recipient bank address

Receiving euro payments

Make sure you have...

  • Our full name:

- NatWest Offshore Isle of Man
- NatWest Offshore Guernsey
- NatWest Offshore Gibraltar
- NatWest Offshore Jersey 

  • Our SWIFT address:

- RBOSIMDD (Isle of Man)
- RBOSGGSX (Guernsey)
- RBOSGIGI (Gibraltar)
- RBOSJESH (Jersey)

  • Your International Bank Account Number (IBAN)

Receiving non-euro payments

Make sure you have...

  • Our full name:

- NatWest Offshore Isle of Man
- NatWest Offshore Guernsey
- NatWest Offshore Gibraltar
- NatWest Offshore Jersey 

  • Your branch sort code
  • Your branch name and address
  • Your account name and number or identifier
What is an IBAN?

To make and receive payments overseas you'll have to use an International Bank Account Number (IBAN). Use our IBAN checker to be sure that your IBAN is valid before sending a payment.

How should an IBAN look?

Understanding what an IBAN looks like
IBAN stands for International Bank Account Number. It's a standardised way of identifying a bank account. An IBAN is always used in conjunction with a Bank Identifier Code (BIC) - a sequence of numbers and letters which identifies a bank and branch.


An IBAN isn't a bank account number. It can include your sort code and account number, but also includes extra characters. Never try to create or guess an IBAN as the format is different for different countries. Always ask the person you are paying what their IBAN is. You'll find your own IBAN on your bank statement.


Printed and electronic IBANs

An IBAN will be between 15 and 28 characters in length, depending on the country where the account is held. UK IBANs are 22 characters long.


An IBAN will look slightly different in printed form than it will when it is used electronically - such as when it's being used during an online banking transaction.


In printed form, the number is frequently split into groups of four characters. This makes it easier to read. When it is used electronically it shouldn't contain blank spaces or the word IBAN.


For example, a printed IBAN would look like this:
GB99 RBOS 1234 5612 3456 78
 

While the electronic equivalent would look like this:
GB99RBOS12345612345678

How do IBANs work?

IBANs and BICs are used throughout the European Union, European Economic Area and Switzerland. They should be used on all payments to and from these countries.


Making payments

You must always quote the IBAN and BIC of the beneficiary. Don't give extra information - such as account numbers or bank names as this can cause problems with the payment.


You can also use IBAN and BIC to make currency payments within the UK. But if you're simply making sterling payments in the UK, you should use sort codes and account numbers.


Receiving payments
If you're receiving funds, you should:

- Give the payer your IBAN and BIC
- Don't provide any other information, such as your account number or address


Although it's not essential, you can also provide your IBAN and BIC for payments being received from other countries.

Other common IBAN questions

Why do IBANs make payments easier?
All the EU countries have different ways of expressing account numbers and formats for making domestic payments. The IBAN provides one common style, (even though they look different) of account number format across the EU and EEA. It's easier for banks to identify if a customer has missed, added or transposed any numbers.


Does it affect all payments or just euro payments?

Strictly speaking, IBANs only apply to euro payments. However any payment to the EU or EEA has the potential to be converted to local currency. We strongly recommend the use of IBAN and BIC for all payments you make or receive from the EU and EEA including sterling payments.


Does it affect sterling payments within the UK?
No, you should continue to use sort codes and account numbers for sterling payments in the UK.


What happens if I don't provide IBAN and BIC information to the payer?
The paying bank may decline to make the payment, which could affect your cash flow. If the paying bank agrees to make the payment, then it may levy extra charges for making the payment.


Can I use IBAN and BIC for other countries?
Yes you can. You can quote the IBAN as your account number and the BIC as your bank details in the same way that you present the information for EU and EEA. The information is sufficient for the payment to reach your account at NatWest International.

Sending money abroad, using your local branch

We have a range of transfer methods to suit your needs.

Amount

How much can I send?

To

Where can I send money to?

Arrival

How long will it take to arrive?

Information

What information do I need?

Fees

How much will it cost?
Sending money abroad, using ibanking plus

You can make international payments online and benefit from lower transaction fees using ibanking plus, our fast and secure internet banking service.

Amount

How much can I send?

To

Where can I send money to?

Arrival

How long will it take to arrive?

Information

What information do I need?

Fees

How much will it cost?
Receiving money from abroad

Need to receive money from an overseas bank account? You have a few options.

Electronic bank transfer
The fastest and most secure way to receive money from abroad

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

Drafts and cheques
We can arrange to clear draft or cheque payments on your behalf

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.

 

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