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 & 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 & 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 sterling or currency, 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 and charges

• 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 cost £20.   The overseas bank will also make a charge.   You can choose to pay all the charges; to pay only our 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 BIC address - unique 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 other payments:

• The currency you want to make the payment in
• The name of the person to whom the money is being sent
• Their bank's BIC address - unique identifier code
• The full name of their bank

• Their bank address and sort code

• 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 sterling or currency 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 and charges

We charge £27 per payment for manual payments and the overseas bank will also make a charge. You can normally choose to pay all the charges; to pay only our charges; or to have the recipient pay all the charges. You can also send extra information with the payment.

How to make a payment

To speed things up it helps if you can provide us with the following information:

• The currency you want to make the payment in
• The name of the person to whom the money is being sent
• Which charges you will be paying

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

• Their bank's BIC address - unique identifier code
• Their International Bank Account Number (IBAN)

For other payments

• The full name of their bank
• Their bank address and sort code
• Their bank's BIC address- unique identifier code
• Their account number