- 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
The fast and secure way to transact in the global marketplace
Make swift and secure payments to overseas suppliers and buyers. You can pay or be paid in advance, on delivery or after receipt. You can accept sterling and non-sterling payments. We offer Standard Transfer and Urgent Transfer. Each suits different payment, destination and timescale needs - giving you the speed and security that you require.
Stay fully informed on when funds should reach your beneficiary.
Electronic bank-to-bank links offer your business security and reliability.
Make and process payments yourself or visit your local branch.
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
Asking your customers to pay electronically improves the efficiency of your transactions.
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.
£1 charge for payments up to £100 (or equivalent). £7 charge for payments over £101 (or equivalent). Fees are deducted from your payment.
Your funds will be available on the value date or the next best possible value date.
Most payments are converted to the currency of your account. Let us know prior to payment if you don’t want this to happen.
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.
SEPA creates a series of common standards, rules and payment processes for making payments across the Eurozone.
Take control of your finances on a single, secure platform – anytime, anywhere, with our online cash management tool.