Does RBS charge for international payment?
Sending money abroad to support your loved ones shouldn’t be expensive. That’s why we don’t charge a fee to send standard international payments using Digital Banking or the Mobile App. Here’s everything you need to know about sending money across borders.
How much does an international bank transfer cost?
As a ballpark, the UK banks are charging around 3-4% of your transfer amount. Money transfer specialists can cost up to 60%-70% less. As an example, you could end up paying your bank £2,000 in fees and charges on an international transfer of £50,000.
Does RBS do currency exchange?
Our Travel Money service is operated in partnership with International Currency Exchange (ICE). ICE is the data controller and responsible for the Travel Money Ordering website and the Travel Money services we offer.
How much does RBS charge for transfers?
Customers are charged a 2.75% Non-Sterling Transaction Fee of the value of the transaction.
Do I get charged for receiving international payments?
Sometimes when an international payment is processed, a foreign bank, such as the correspondent bank, may take a fee to process the payment and send it to the beneficiary, or to us, if we are receiving the payment. These charges are known as Overseas Delivery Charges.
How do I make an international payment with RBS?
Your step-by-step guide:
- Log in to mobile banking.
- Select the account that you wish to send your payment from.
- Select ‘International payments’
- Select ‘Choose saved payee’
- Choose a payee from your list.
- Select ‘enter amount’, enter the amount you want to send and press ‘Done’
Does Bank of Scotland do currency exchange?
We will charge you a foreign currency transaction fee of 2.99% of the amount of the transaction, this is a fee for currency conversion.
Can I deposit euros into my RBS account?
In general, the answer is “yes” but needs to be qualified. Banks can allow you to have a Euro based account, if they are legally allowed to hold these.
Can I transfer money from RBS to another bank?
Log into the mobile app. Click on ‘transfer’ below the account you would like to transfer from. Choose the account you would like to make a transfer to. Enter amount you wish to transfer and click ‘Make transfer’.