Overlay
Payments

Pay online swiftly and securely

Why use electronic payments?

Make and receive fast, secure, and cost-efficient payments directly to and from your business account. We provide flexible payment solutions that enable your business to trade effectively in the UK and around the world.

Fast

We utilise the latest technology and payment standards, helping you to pay and be paid quicker.

Secure

Electronic bank-to-bank links offer your business security and reliability.

Convenient

Make and receive payments online or by telephone.

UK payments

UK banking industry standard for simple, speedy and secure banking solutions to help businesses transfer and collect payments.

Information Message

What you'll need:

 

  1. Correct sort code – the six-digit number which identifies the bank or institution at which the payee holds their account
  2. Account number of the payee account. Incorrect sort code and account number details may result in your payment not being processed.

Faster Payments

The Faster Payments service reduces the time between making a payment and the recipient receiving the funds to near real-time.

Information Message

CHAPS

If you need to make a same-day payment through your Royal Bank of Scotland Business Account, you can also use CHAPS.

Information Message

BACS

Save time and money by making and receiving regular payments via Bacs with Direct Debits and Direct Credits.

Information Message

European payments

A cost-effective solution if you need to make a non-urgent Euro payment in the Single Euro Payments Area (SEPA).

Information Message

What you'll need:

 

  1. Beneficiary's name
  2. Beneficiary's SWIFT BIC (Bank Identifier Code)
  3. Beneficiary's International Bank Account Number (IBAN)
  4. Charges need to be shared between sender and beneficiary (SHA)

 

Please note: Norway, Iceland, Switzerland, Monaco, San Marino Liechtenstein, Andorra, Vatican are included in the Single Euro Payment Area (SEPA).

SEPA Credit Transfer

European Transfer to help your business trade internationally with ease.

Information Message

SEPA Direct Debit

Pay your European suppliers with ease using Direct Debit.

Information Message

International Transfer using Euro currency

Pay your European suppliers faster using International Transfer.

Information Message

Receiving overseas payments

Receiving overseas payments in Euro currency.

Information Message

International payments

Reliable, secure and fast way to send funds overseas or make foreign currency payments within the UK.

Information Message

What you'll need:

 

  1. Beneficiary's name
  2. Beneficiary's SWIFT BIC (unique Bank Identifier Code)
  3. When available, Beneficiary's International Bank Account Number (IBAN)
  4. When IBAN not available please use the beneficiary sort code and account details.

International Transfer

International Transfer to help your business trade internationally with ease.

Information Message

Currency Payments

Currency Payments service for you to pay and be paid in all the world major currencies.

Information Message

Receiving overseas payments

Receiving overseas payments from all around the world.

Information Message

How do I recover funds for a payment sent in error?

To attempt to recover funds for a Faster Payment or BACS payment sent in error, you can fill out the form below. Please read the form carefully before you complete it.

Make sure you leave enough time for your payment to bounce back to your account, before submitting the request:

  • Faster payments: One working day
  • BACS: 4 working days

Remember, this process is just for:

  • Faster Payments and BACS payments.
  • Payments sent in error (it can't be used to reclaim funds for disputed payments)
  • Single payments over £25

We can't guarantee that we'll be able to recover your funds, but we'll process your request and try to get back in touch within 20 days.

We recommend you try contacting the payee first to ask about recovering the funds, as this is usually quicker than the formal credit retrieval process.

To try and recover CHAPS or international payments you'll need to speak to your customer service team.

Anything else we can help with?