Natwest International Money Transfer Payments

Natwest

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Margin Rate3% to 5%
Minimum Transfer5000
Transaction Fees20
Transfer FundsSameday to 7 days
FCA Reg Numberyes

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NatWest International Payments

NatWest Money Transfer is the use of credit card to pay your own UK bank account or someone else's. Also, you only need to log into online banking in order to access the service. There also an Android app on Play store which is downloaded for free. NatWest offers a wide range of transfer methods to ensure that all your needs catered for.

The type of payments allowed includes direct debits, standing orders and international payments. Today, most international electronic payments are done using online banking. Payments are done online subject to payment limits. You also need to have a NatWest account and at least 11 years of age.

Type of Payments from NatWest International Payments
Automatic regular payments with a fixed debited amounts are covered by standing orders. Standing orders are commonly used to pay rent, mortgages and make regular payments. With a card reader, one can create and make standing orders changes on their computers or mobile phone. In addition, Standing orders can be easily cancelled or temporarily stopped for a given duration. Also, Online cancellation service is available up to 5.00pm, UK time.

NatWest Money Transfer service also allows you to make direct debits. This is an agreement between you and the organization you want to pay. An agreement allows the organization to collect varying amounts of money from your account. It is the easiest and most convenient way of paying both regular and occasional bills.

NatWest provides a switcher service that allows you to move your direct debits to NatWest from any UK building society or bank account. This happens in only seven days. All credit balance transferred from your old bank account and all your payments will come out of your NatWest account.

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NatWest International Payments

You can also opt to move a few direct debits from another bank. Moving direct debits among NatWest accounts done upon contacting the nearest NatWest branch. Direct debits cancelled up to 8.20 pm. UK time after the payee informed

International money transfer service is provided in three categories namely; standard transfer, urgent transfer and a foreign draft. For standard payments, any amount paid to any country with any currency. The urgent transfer allows you transfer any amount or currency to any country and arrives within 2 days. The foreign draft option allows for single payments by post which can be less secure. Account holders can receive money from abroad through bank to bank electronic transfers, handling drafts and cheques.

  1. Open an account
    To create an account with NatWest International Payments, you can register online in minutes, which will enable you to make or manage your money transfers 24/7. During registration, NatWest International Payments will need to know some basic information about you, along with your reasons for transferring money.

Once you have completed your registration, you will receive an email to activate your account and will be on the way to making your first transfer.

  1. Remittance information
    Once you have access to our online payments system, all you will need to do is tell us the recipient’s account details, the currency and the country which you are sending funds and the amount you need to send.

  2. Live quote
    Based on your remittance information, NatWest International Payments system will give you a live quote, so you will know exactly how much currency your recipient will receive.

  3. Payment
    Once you are happy to proceed, you will need to choose a method of payment. NatWest International Payments have made this as convenient as possible.

Information

NatWest Money Transfer Payments

Natwest Bank can do money transfers to any bank in the world, you can do a money transfer using Natwest if you are an existing customer where you can secure a better exchange rate with reduced charges if you have a Natwest international bank account. One of the main benefits of an international account is that accounts can be in sterling, euros and US dollars and with credit and debit cards in different currencies.

Making exchanging currency between your bank accounts instantly plus at the best possible rate. The Natwest table below displays the currencies and exchange rates for Natwest daily updated. You can also use Natwest Exchange Rates converter to get the latest conversion rates to or from Sterling.

NatWest International Payments Requirements.
Account holders need to have a card reader in order to make new payments. Customers required to provide an early notice indicating amounts and dates of collection for a direct debit to through. You required contacting the account holder who will credit the amount before moving selective direct debits.

You need to provide the receiving account details and your card reader before your standing order activated. When it comes to international payments there is country-specific guidance. Countries covered include Australia, Canada, Brazil, India, France, Mexico, Lebanon, Pakistan, New Zealand, Turkey, USA, Italy, Egypt, Hungary, Romania, Ukraine, Saudi Arabia and Jordan.

Consequently, Account holders charged 1 euro for receiving up to 100 euros from abroad. Payments over 100 euros or equivalent currency charged 7 euros. These charges don't apply when the receiving bank pays the customer through the UK clearing system. So, Fees debited from the principal amount and a breakdown is provided.

NatWest Bank exchange rates

For euro payments, you required providing a full name of NatWest bank. Your account name and IBAN or NCC code. For all other payments, you will need the bank's, full name. In addition, Branch sort code, branch name and address and your account name and number. BIC / SWIFT code also needed to make non-Euro standard payments.

Benefits

  • Payments made to and from different countries using any currency.
  • Automatic currency conversion.
  • International credits reflect within a short period of time.
  • Fee breakdown promotes transparency.
  • Standing orders and direct debits cancelled within the provided hours.
  • Money transfer service is accessible to a wide age bracket.
  • Also, Scheduled payments allow you to pay regular bills and loans without omissions.

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Company Details

135 BishopsgateEC2M 3UR

Tel: (20) 7375-5000

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