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International Payments

Helping you to pay all around the world

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Why use electronic payments?

Make fast and secure payments to your overseas suppliers or receive international payments from your buyers. You can pay or be paid in advance, on delivery or after receipt. You can make or accept sterling and non-sterling payments easily using our electronic banking channels. We offer international transfers that can arrive same day or at a future to suit different payment, destinations and timescale needs - giving you the speed and security that you require.

Transparent timescales

Control when payments and International Transfers leave your account or arrive at your beneficiary's account.

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Secure payments

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

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Convenience

Make and process payments yourself using mobile or online banking solutions. 

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Ways to make electronic payments

There are two ways to make electronic international payments – International Payments via SWIFT and SEPA Credit Transfer. You can pay almost any amount, in a range of currencies, to most countries across the globe.

International Payments via SWIFT

  • Make payments to anywhere in the world in 36 currencies, or 46 if using you’re using Bankline
  • Payments can arrive same day or up to two days later, depending on the country and currency you select
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SEPA Credit Transfers

  • Make quick and cost-effective payments in Euros to any of the SEPA Scheme territories
  • Payments will arrive same day if made before 2pm GMT
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How to make electronic payments

You’ll need to provide the following information in order to make international electronic payments, and not including this information will likely lead to delays and possible payment rejections:

Receiving electronic payments

Asking your customers to pay electronically improves the efficiency of your transactions.

Easy payments

Simply provide your customer with your IBAN number (found on your bank statement), our SWIFT address (RBOSGB2L), our full bank name (The Royal Bank of Scotland) and your account name.

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Automatic currency conversion

Most payments are converted to the currency of your account. Let us know prior to payment if you don’t want this to happen.

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Funds available quickly

Your funds will be available on the value date or the next best possible value date.

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How much does it cost to receive international payments?

  • There is no charge for receiving payments in Euro
  • For receiving payments in all other currencies, there is a £7 charge
  • Where a transaction requires foreign exchange conversion, a margin is applied

Related products and services

IBAN

IBAN is an internationally agreed method for transactions between banks globally. This lets foreign banks check the validity of your bank account number.

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SEPA

SEPA Credit Transfers are a cheap, simple and efficient way to send Euros within the SEPA zone.

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Bankline

Take control of your finances on a single, secure platform – anytime, anywhere, with our online cash management tool.

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Criteria and fees apply

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Something else we can help you with?