Electronic payments | Royal Bank of Scotland


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. 

Secure payments

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


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

Ways to make electronic payments

There are two ways to make electronic international payments – Standard Transfer and Urgent Transfer. You can pay almost any amount, in most currencies, to most countries across the globe.


Standard Transfer


  • payments should reach your beneficiary within four working days 
  • payments to EU countries (plus Norway, Iceland, Switzerland, Monaco, San Marino and Liechtenstein) could be quicker

Urgent Transfer


  • payments should reach your beneficiary within two working days

How to make electronic payments

You'll need to provide the following information in order to make Electronic Payments. (Please note: Norway, Iceland, Switzerland, Monaco, San Marino and Liechtenstein are treated as EU countries.)


To EU countries

  • beneficiary's name 
  • beneficiary's SWIFT BIC (unique Bank Identifier Code) 
  • beneficiary's International Bank Account Number (IBAN) 
  • charges should be shared between sender and beneficiary

Rest of the world

  • beneficiary's name 
  • name and address of beneficiary's bank 
  • beneficiary's SWIFT BIC (unique Bank Identifier Code) 
  • beneficiary's IBAN 
  • the charges you'll be paying - Our charges only, all charges or beneficiary to pay all charges 
  • purpose of payment (country and currency dependent)
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.

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.

Funds are available quickly

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

Predictable fees


All currencies except Euro – Credits to accounts with NatWest

Below £101 - £1

£101 and over -  £7

Euro Only – Credits to accounts with NatWest

International Transfer -  £0

SEPA Credit Transfer - £0

Fees are deducted from your payment. These fees apply to payments initiated after 15th December 2019.

Related products and services



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

Find your IBAN


SEPA creates a series of common standards, rules and payment processes for making payments across the Eurozone.

More on SEPA


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

More on Bankline

Get in touch

New customers

To discuss your unique banking needs, please call SolutionsLine on:

0345 900 0652 

Relay UK Service: 18001 0345 900 0652

For more information on accessibility visit: https://www.business.rbs.co.uk/business/accessibility.html

Calls may be recorded for training and monitoring purposes.

To see how much your call might cost, visit the call charge information page.

Existing customers

Please contact your relationship manager.

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