International Services - Rates & Charges
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Sending money abroad
Transaction type
Sent via
Charges
Transaction type
International payment
Sent via
Internet banking
Charges
£15*
Transaction type
Express International Moneymover
Sent via
Branch
Charges
£28*
Transaction type
Standard International Moneymover
Sent via
Branch
Charges
£21*
Transaction type
Non-urgent Euro (SEPA)1
Sent via
Branch
Charges
£5
Transaction type
Correspondent Bank Fee
Sent via
Correspondent Bank Fee
Charges
Correspondent Bank Fee
Transaction type
Zone 1 (USA, Canada and Europe (non-EEA))
Sent via
Zone 1 (USA, Canada and Europe (non-EEA))
Charges
£12
Transaction type
Zone 2 (Rest of the world)
Sent via
Zone 2 (Rest of the world)
Charges
£20
Correspondent Bank Fee
All charges are per item unless otherwise stated.
*A correspondent bank fee is also payable for international payments made outside the EEA, w hen you select to pay all charges (OUR). Zone 1: £12 - USA, Canada, Switzerland, Monaco, San Marino, Jersey, Guernsey and Isle of Man (non EEA). Zone 2: £20 - rest of the world, excluding EEA.
Charges correct from 10 May 2020.
Receiving money from abroad
Transaction type
Charges
Transaction type
Electronic payments received from abroad
Charges
Up to £100 (£2)
Over £100 (£7)
There is no charge for euro payments received from the EEA. If a payment received is in a different currency or is received from a country outside of the EEA, this fee will be charged.
Transaction type
Foreign cheque/draft
Charges
See tariff for outward collection or negotiation in the Cheques/drafts in foreign currency or drawn abroad accordion below.
Please be aware that online international payments made through Online for Business, outside of normal market trading hours (7am- 5pm Monday to Friday, excluding bank holidays) will include an additional premium in the exchange rate offered. This premium is not applied if you transact within normal market trading hours, where exchange rates offered to you will be live and fluctuate in line with the markets. The premium is not included in Enhanced Internet Banking and Arena.
Charging Options
If you are transacting with an overseas contact, there are charges relating to international payments. It is a good idea to agree between the person sending the funds (sender) and the person receiving the funds (receiver) beforehand who pays for the charges relating to the transaction.
Charging options are applicable depending on where the payment is being sent. If the payment is being sent within the EEA, then the charging option is restricted to SHA (Shared). If the payment is being sent to a country outside the EEA, then the following options are available to select:
BEN (beneficiary/receiver) – The receiver pays all charges
SHA (shared) – The sender and receiver share the charges. The sender pays their own bank charges. The receiver pays their own bank charges PLUS those of any bank involved in processing the payments.
OUR (remitter/sender) – The sender pays all charges. See Sending and Receiving Money for more information.
Foreign Bank Charges
Payments are routed around the world by different banks, and only rarely is one bank involved from start to finish for a particular transaction.
When the sending Bank doesn’t have a relationship with Bank of Scotland, payments will be sent via another Bank known as the ‘Intermediary’ or ‘Correspondent Bank’, to help them get the funds to the right beneficiary.
The Correspondent Banks apply charges for their services which may be deducted from the original amount before Bank of Scotland receives the payment.
Bank of Scotland has no control or visibility over which route these payments take or the charges that are deducted.
Please be aware that Correspondent Bank charges will vary from Bank to Bank. Each Bank is responsible for setting their own charges.
In addition to these charges there may also be exchange rate fluctuations which impact the final Sterling amount.
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For more detailed information on our Foreign Currency Account & Euro Current Account interest rates, please visit our interest rates page.
Euro Current Account
Transaction type
Charges
Transaction type
Account Maintenance Fee
Charges
£24 per year (fee taken in two instalments of £12 charged in March/September)2
Transaction type
Foreign banknotes paid in or out (i.e. foreign banking)1
Charges
£2 per £100; minimum £3; plus £10 administration fee
Transaction type
Euro cheques drawn in UK and paid into your account
Charges
See tariff for domestic Euro transaction in the Domestic Euro transaction table below.
Transaction type
Currency cheques for Sterling cheques drawn abroad and paid into your Euro account
Charges
See tariff for outward collection or negotiation in the Cheques/drafts in foreign currency or drawn abroad accordion below.
Domestic Euro transaction (both paying and collecting banks are UK-based)
Transaction type
Charges
Transaction type
Euro cheques issued from your Euro account
Charges
59p
Transaction type
Euro cheques paid into your Euro account In addition, charge levied for credit
Charges
27p
70p
Foreign Currency Accounts
Transaction type
Charges
Transaction type
Account Maintenance Fee
Charges
£60 per year (fee taken in two instalments of £30 charged in March/September)3
Transaction type
Foreign banknotes paid in or out (i.e. foreign banking)3
Charges
£2 per £100; minimum £3; plus £10 administration fee
Transaction type
Currency cheques or Sterling cheques drawn abroad and paid into your currency account
Charges
See tariff for outward collection or negotiation in the Cheques/drafts in foreign currency or drawn abroad accordion below.
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Negotiations
Transaction type
Charges
Transaction type
- Cheques/drafts (including dividend warrants) payable:
- in foreign currency or Sterling drawn abroad; or
- in foreign currency drawn in the UK (See below for exceptions)4
Charges
Up to £100 – £5
Over £100 – 25p per £100
Minimum £8, maximum £80
Charges as per country
Transaction type
Cheques/drafts payable in a different currency from the country where they are drawn (excluding items expressed in Sterling or drawn in the UK)
Charges
Up to £100 – £5
Over £100 – 25p per £100
Minimum £15, maximum £80
Charges as per cheque
Transaction type
Unpaid charge (if the cheque/draft is not honoured by the paying bank)
Charges
£5
Collection
Transaction type
Charges
Transaction type
Cheques/drafts (including dividend warrants)
Charges
Up to £100 – £5
Over £100 – 25p per £100
Minimum £15, maximum £80
Note: Fee to be taken whether item is paid or unpaid
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1 Where the cash is in a different currency from the account, we'll let you know the appropriate rate of exchange at the time of the transaction.
2 The Account Maintenance Fee will be debited from a related GBP sterling account and charged in March and September.
3 If the cash is in a different currency from the account, we'll let you know the appropriate rate of exchange at the time of the transaction.
4 For Euro cheques drawn in the UK, please refer to tariff for domestic Euro transactions.
5 Amendments are only allowed on International Moneymover (Standard and Express). They are amendments you want to make on the beneficiary details and/or the amount of payment after it is sent.
6 If the payment has already been credited into the beneficiary's account using International Moneymover, we can only recall it subject to the beneficiary's agreement. The charge will be taken whether the payment can or cannot be recalled. If a payment is recalled, the amount returned will be calculated according to the exchange rate on the day it is credited into your account. In the case of cancelling a draft, your business may be asked to sign a counter indemnity which allows us to debit the account if money is paid out.