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Electronic Payments

The fast and secure
way to transact

Why use electronic payments?

Make swift and secure payments to suppliers and buyers. You can pay or be paid in advance, on delivery or after receipt. We offer Standard Transfer and Urgent Transfer, each suits different payment, destination and timescale needs - giving you the speed and security that you require.

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Clear timescales

We'll keep you up to date on payment progress.
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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 or visit your local branch.

Types of electronic payment

Standard transfer

Timescale

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.

Cost via branch

Payments to EU via SEPA £0. Payments to the rest of the world in Euros £20. Payments to the rest of the world in all other currencies £30.

Urgent transfer

Timescale

Payments should reach your beneficiary within two working days.

Cost via branch

Payments to EU via SEPA £0. Payments to the rest of the world in Euros £20. Payments to the rest of the world in all other currencies £30.

What you'll need

Paying EU countries

There's a few items you'll need to gather before you can make payment.

Paying rest of the world

There's a few items you'll need to gather before you can make payment.

Receiving electronic payments

Asking your customers to pay you electronically improves the efficiency of your transactions, how you might ask?

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Easy payments

Simply provide your customer with your IBAN number, our SWIFT address, our full bank name 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 are available quickly

Your funds will be available on the value date or the next best possible value date, depending on when payment is made.

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.

Anything else we can help with?

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