Charging Options for International Payments

The charging options depend on the currency of the account being debited, the currency being sent and the payment destination.

Payments in an EU/EEA currency and being sent within the EU/EEA

If a currency conversion is required the charging options are:

  • Sender pays all charges i.e. 'Pay Remitting Bank Charges' and 'Pay Receiving Bank Charges' are selected.

or

  • Charges are shared i.e. 'Pay Remitting Bank Charges' only is ticked.

If no currency conversion is required the only charging option applicable is:

  • Charges are shared i.e. 'Pay Remitting Bank Charges' only is ticked.

Payments in a non EEA currency or being sent outside the EEA

If the payment is a non EEA currency or is being sent outside the EEA the options available are:

  • Beneficiary pays all charges i.e. remitting bank charges will be deducted from the amount remitted, ensure that 'Pay Remitting Bank Charges' is not ticked.
  • Charges are shared i.e. pay remitting bank charges only, ensure 'Pay Remitting Bank Charges' is ticked.
  • Sender pays all charges i.e. you will be debited with remitting bank and destination bank charges (which may be added separately), ensure 'Pay Remitting Bank Charges' and 'Pay Receiving Bank Charges' are both ticked.