International Services Rates Charges

  • 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

    £19

    Transaction type

    International draft payable abroad

    Sent via

    Branch

    Charges

    £15

    Transaction type

    SEPA Direct Debit

    Sent via

    Direct Debit

    Charges

    Free

    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

    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 13 January 2018.

    Receiving money from abroad

    Transaction type

    Charges

    Transaction type

    Electronic payments received from abroad

    Charges

    Up to £100 (£2)

    Over £100 (£7)

    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.

  • Euro Currency Accounts

    Transaction type

    Charges

    Transaction type

    Account Maintenance Fee

    Charges

    £24 per year (fee taken in two instalments of £12 charged either in March/September or April/October)3

    Transaction type

    Foreign banknotes paid in or out (i.e. foreign banking)2

    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

    You can find more information on our foreign currency accounts interest terms page.

    Transaction type

    Charges

    Transaction type

    Account Maintenance Fee

    Charges

    £60 per year (fee taken in two instalments of £30 charged either in March/September or April/October)3

    Transaction type

    Foreign banknotes paid in or out (i.e. foreign banking)4

    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.

  • 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)5

    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

  • Transaction type

    Charges

    Transaction type

    Status enquiries abroad If sent electronically

    Charges

    £20

    Additional £10

  • These charges apply when requests are made after an international payment has been sent abroad.

    Transaction type

    Charges

    Transaction type

    Amendments6

    Charges

    £5 per message

    Transaction type

    Beneficiary claiming non-receipt of funds (BCNR) query

    Charges

    £5 per chaser after the first one which is free of charge

    Transaction type

    Recalling a payment7

    Charges

    £20 per payment

1 For non-urgent Euro (SEPA) you must provide a Bank Identifier Code (BIC) and International Bank Account Number (IBAN).

2 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.

3 The application of the Account Maintenance Fee will depend on the currency of the account being debited. If the fee is being debited from a related GBP sterling account it will be charged in March and September. If the fee is being debited from the Foreign Currency Account it will be charged in April and October.

4 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.

5 For Euro cheques drawn in the UK, please refer to tariff for domestic Euro transactions.

6 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.

7 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.