Electronic solutions

Royworld Budget

Introducing a cost-effective electronic solution for sending non-urgent payments of up to £2,000 overseas.

Royworld Economy

With our Economy service, your business will be able to make international payments for any value. Payments are normally received within three to four days.

Royworld Express

Our fastest electronic payment solution for international payments. Payments normally take up to two days to be received.

Royworld Budget

For businesses looking to make cost-effective payments to Australia, Canada, New Zealand, South Africa & USA, Royworld Budget could provide the ideal solution for payments up to £2,000.

Key benefits

• Cost savings - perfect for non-urgent, low-value  payments to Australia, Canada, New Zealand, South Africa & USA
• Secure and reliable - electronic bank-to-bank links offer your business security and reliability
• Convenient - initiate payments from your branch or from your office PC using Bankline
• Avoid FX charges - all payments are sent in the local currency of the destination country, so your business will avoid currency conversion charges at the beneficiary's bank
• Timescales - the money should reach the beneficiary within five working days of your account being debited. This is the usual time but cannot, however, be guaranteed.

Countries served by Royworld Budget

Costs

Royworld Budget payments are charged at a flat fee of only £10 (for manual 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:

Beneficiary details for payments:

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

When security is more important than speed, Royworld Economy could be the perfect international payment solution for your business. You'll benefit from safe and secure bank-to-bank electronic links.

Key benefits

• Secure and reliable - as it uses electronic bank-to-bank links, you benefit from a high degree of security and reliability
• Cost-effective -  a cheaper alternative to our express service
• Flexible - make payments of any amount in all major currencies, to most destinations throughout the world
• Timescales - your funds should reach your beneficiary within four working days of your accounts being debited
• Convenient - initiate payments from your branch or from your office PC using Bankline. You can also send extra information with the payment.

Costs

• Royworld Economy euro payments containing the information below cost only £10. You will only pay Royal Bank’s fees (the recipient will need to pay any of 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.

How to make a payment

You should provide us with the following information:

For euro payments to the 27 members of the European Community* as well as Iceland, Liechtenstein, Norway and Switzerland:

• The name of the person to whom the money is being sent
• Their bank's SWIFT BIC address - unique Bank Identifier Code
• Their International Banking Account Number (IBAN)
• Agree to pay RBS fees only (the recipient will need to pay any of the their bank’s fees)

For all payments to the rest of the world:

• The currency you want to make the payment in
• The name of the person to whom the money is being sent
• Their bank's SWIFT BIC address - unique Bank Identifier Code
• The full name and address of their bank
• Their account number
• Which charges you will be paying

* 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)

• IBAN - find out more

Is speed of the essence? With Royworld Express, your business can make urgent payments abroad for any amount to almost any country in the world.

Key benefits

• Fast - a speedy 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 payments via your branch or office PC using Bankline

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 euro payments to the European Union (EU) & European Economic Area (EEA)

• Their bank's SWIFT BIC address - unique Bank Identifier Code
• Their International Bank Account Number (IBAN)

* 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)

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