The Royal Bank of Scotland is a leading provider of Sterling clearing and settlement services to banks, building societies and other payment service providers licensed to operate in the UK and which choose not to become a direct member of the relevant UK payment scheme.
We offer dedicated indirect access services to the following UK domestic payments systems:
Indirect Payment Service Providers (PSP) which we sponsor have a wide range of technical access options including SWIFT, online channels, host to host connection, file transfer or direct submission depending on the payment system.
There are two models for obtaining indirect access to these UK clearing schemes.
Via Royal Bank of Scotland you can use a bank account to receive and originate payments on behalf of your customers. You can use the same range of money transmission and cash management services available to Royal Bank of Scotland’s business customers. These services are explained in the Royal Bank of Scotland business website.
Alternatively, you can use a dedicated UK sort code sponsored by RBS to receive and originate payments on behalf of your customers. Full details of the services with RBS sponsoring your UK sort code are described in these pages.