Electronic payments for importers


Electronic payments for importers

For businesses looking to make cost-effective payments to Australia, Canada, New Zealand, South Africa and the USA, Royworld Budget could provide the ideal solution for payments up to £2000 equivalent in local currency.

Key benefits

Cost savings - perfect for low-value international payments that are not urgent.

Secure and reliable - electronic bank-to-bank links offer your business security and reliability.

Convenient - to make a payment, process them yourself via Bankline, our electronic banking platform or complete a form from your local branch.

Avoid FX charges - all payments are sent in the local currency of the destination country, so your beneficiary will avoid currency conversion charges at their bank.

Transparent timescales - the money should reach the beneficiary within five working days of your account being debited. These are the usual timescales but cannot, however, be guaranteed.

How much does it cost?

  • You pay a fee of £10 for Royworld Budget payments.

How to make a payment

If you want the payment sent by Royworld Budget, it is essential that you provide us with the following information about the beneficiary:

  • Bank name
  • Bank Identifier Code (if appropriate)
  • Bank branch code
  • Bank account number

If you haven't found what you're looking for or have any additional questions please call us using the 'Get in touch' contact information.

Royworld Economy provides the ability to make payments to almost any country in the world within 4 working days of your account being debited.

Key benefits

Secure and reliable - Royworld Economy uses electronic bank-to-bank links, so your business benefits from a high degree of security and reliability.

Cost-effective - a lower cost alternative to our Royworld Express service.

Flexible - make payments of any amount in all major currencies, to most global destinations.

Timescales - your funds should reach your beneficiary within four working days of your account being debited. Euro payments to EU countries (including UK) will be quicker.

Convenient - to make a payment, process them yourself via Bankline, our electronic banking platform or complete a form from your local branch.

How to make a payment within Europe

These details apply to payments to the 27 members of the European Community as well as Iceland, Liechtenstein, Norway and Switzerland. The members are: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, The Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK (and associated territories). You will need to provide the recipient's:

How to make a payment to the rest of the world

You need to tell us the:

  • Currency of the payment
  • Name of the person you're sending the money to
  • The SWIFT BIC address of the recipient's bank (unique Bank Identifier Code)
  • The full name and address of the recipient's bank
  • Their account number
  • Which charges you will be paying

How much does it cost?

  • Euro payments to the 27 members of the European Community as well as Iceland, Liechtenstein, Norway and Switzerland cost £10. You will only pay our fees (the recipient will need to pay their bank's fees)
  • All other payments to Europe cost £20, and the overseas bank may also make a charge which will need to be paid by the recipient
  • Payments to the rest of the world cost £20. You can choose to pay only our charges; to pay all the charges; or to have the recipient pay all the charges

If you haven't found what you're looking for or have any additional questions please call us using the 'Get in touch' contact information.

If you need to make payments quickly, choose Royworld Express our fastest electronic payment method. You can make urgent payments abroad for any amount to almost any country in the world.

Key benefits

Fast - a fast means of sending money abroad.

Secure and reliable - as it uses electronic bank-to-bank links, the solution offers a high degree of security and reliability.

Flexible - make payments of any amount in all major currencies to most destinations throughout the world.

Timescales - your funds should reach your beneficiary within 1-2 working days of your account being debited. Payments in euro to EU countries (and intra-UK) can even be carried out on the same day.

Convenient - make a payment yourself via Bankline, our electronic banking platform or by visiting your local branch.

Costs

  • Payments to Europe cost £27, and the recipient will need to pay any fees charged by their own bank
  • Payments to the rest of the world cost £27, you can choose to pay only our charges; to pay all the charges; or to have the recipient pay all the charges

How to make a payment

You must tell us:

  • The currency you want to make the payment in
  • The name of the person to whom the money is being sent

For payments to the European Union (EU) £ European Economic Area (EEA)

These details apply to payments to the 27 members of the European Community as well as Iceland, Liechtenstein, Norway and Switzerland. The members are: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, The Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK (and associated territories). You will need to provide the recipient's:

For payments to the rest of the world

  • The full name and address of their bank
  • Their bank's SWIFT BIC address - unique Bank Identifier Code
  • Their account number
  • Which charges you will be paying

If you haven't found what you're looking for or have any additional questions please call us using the 'Get in touch' contact information.


Get in touch