NatWest-logo

Making an International Payment with NatWest

NatWest offer a money transfer as part of their banking platform, but there are better options on the market

NatWest offer an international payments service that’s easy to use, allowing you to make payments to banks around the world. Their service allows you to send up to £50,000 in a matter of minutes, with a range of options such as a one-off payment, recurring payment or payment at a future date.

Make a transfer with Azimo

  • Make the first THREE transfers for free using code AZ-FIND
  • Send money to bank accounts, phones or cash pick-up locations
  • Most transfers take less than a day
  • Send money to 195 countries in 60 different currencies
Promoted

Beat the banks

We’ve tested the amounts a bank will give you against an average money transfer company, and the results could net you big savings. A £10,000 transfer to Australia with a money transfer company would save $XXX AUD compared to a bank.

Why is this? Some banks charge up to £25 extra, which may be shown to you as a sum of small charges made of percentages and absolute fees. On top of this, there’s a hidden charge – the margin on the exchange rate. Money transfer companies tend to have much lower rates than banks and are generally a better option for sending money abroad. Don’t believe us? See our table below.

Amount received for £10,000
EUR USD AUD
FC Exchange FC Exchange €10,818 EUR (save €476) $12,812 USD (save $454) $16,200 AUD (save $737)
NatWest NatWest €10,342 EUR $12,358 USD $15,463 AUD

Information correct as of 31/08/2017.

Compare NatWest to other international money transfer options

I want to send

to

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 1 2 days GBP 0.00 1.127 EUR
5,637
Transfer money at the mid-market rate with no nasty surprises and excellent customer support. Go to site Show details
GBP 3,000 1 day GBP 0.00 1.126 EUR
5,632
Make an informed decision with a personal touch, whether it's a business or personal transfer, with rate alerts, charts and live rates to help you make your choice. Go to site Show details
GBP 50 2 days GBP 2.99 1.124 EUR
5,617
Send money online anytime, anywhere, with a simple to use platform and transparent fees and exchange rates shown upfront. Go to site Show details
GBP 2,500 1 day GBP 0.00 1.126 EUR
5,631
TorFX guarantee to beat any competitor's exchange rate for a transaction (conditions apply)
(Conditions apply)
Go to site Show details

Compare up to 4 providers

Compare all international money transfer providersBack to top

NatWest exchange rates

NatWest offers live exchange rates that are updated from one minute to the next during trading hours, and can be viewed once logged in to online banking. This ensures that customers can receive the most up to date rate available for their transaction.

To view NatWest’s exchange rate for your transfer destination, login to your internet banking account and enter the details of your transfer. You’ll be able to review the details of your transaction, including the exchange rate that will apply, before you commit to the transfer.

How much does it cost to transfer money with NatWest?

The fee that will apply to your NatWest international money transfer is calculated on the transfer method you select and where you are sending the funds.

Payments with a £10,000 daily cap

Transfers in Euros to the 27 countries of the European Community, and Iceland, Liechtenstein, Norway and Switzerland, will incur a £10 charge. Payments to these countries that are not in Euros will incur a £22 charge.

Transfers to countries outside of the European Community will also incur a £22 charge. Be aware that the recipient’s bank may also have a charge for receiving money, and this is something either you or your recipient can choose to pay.

If done via a standard transfer, these payments will take 2-4 days to arrive. If done via an urgent transfer, these payments will take 1-2 days to arrive, but will incur a charge of £30.

Back to top

Minimum transfer amount and available countries

While no minimum transfer limit is listed, the following maximum limits apply:

  • For online transfers: £10,000 or an equivalent amount in another currency
  • For branch transfers: No limit, by using the CHAPS service

As an international bank, NatWest offers transfers to bank accounts all around the world.

Back to top

What types of transfers can you carry out with NatWest?

NatWest offers the following transfer options when you want to send money to an overseas bank account:

  • One-off transfers. This allows you to send money overseas quickly and conveniently.
  • Future-dated payments. This option allows you to send funds at whatever exchange rate is available when the transfer is executed.
  • Recurring payments. You can take advantage of this transfer option when paying off a debt in instalments, for example a mortgage.

If you ever need help regarding NatWest international money transfers, a selection of frequently asked questions and answers can be accessed through the bank’s website. Phone support is available 24/7.

Back to top

The registration and transfer process

You’ll need to be a NatWest account holder in order to send money overseas, so examine the banking solutions available from NatWest to determine if they meet your needs.

To send an online transfer, login to your Natwest Online Banking account. You can then navigate to the ‘Pay’ section and select ‘Send a payment abroad’.

Next, enter the details of your payment, including:

  • Your recipient’s full name and address
  • The Bank Identifier Code (BIC) of your recipient’s bank
  • Your recipient’s International Bank Account Number (IBAN) or account number
  • The country where the bank is located
  • The amount you wish to send and the reason you are making the payment

The final step is to review and confirm the details of your transfer.

What are the pros and cons of using NatWest?

Pros

  • Choice of transfer methods. You can place a transfer online through your internet banking account, over the phone or by visiting a branch.
  • Secure and convenient. Sending an international money transfer with NatWest gives you the security and peace of mind of dealing with a trusted global financial institution, plus existing customers will already have an account set up and will not have to go through a registration process to access the service.

Cons

  • Some charges apply. Transaction fees apply to all transfers and tend to be more expensive than specialist providers.
Back to top

What other products and services does NatWest offer?

As a global financial institution, NatWest offers an extensive range of banking products and services to its customers. In terms of international banking it offers the following:

  • Overseas relocation services. You can open an international account before you move abroad.
  • Travel money. NatWest allows you to order your travel money online and take advantage of next-day delivery.
  • Mortgages and loans You can get loans from NatWest to help you when buying a home or need some extra cash
Back to top

Frequently asked questions


If you’re impressed with the features offered by NatWest’s international money transfer service, make sure to compare it with the options available from other money transfer providers. Taking the time to weigh up your options will ensure that you can find the right solution to your transfer problems.

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

8 Responses

  1. Default Gravatar
    AyazApril 8, 2019

    I would like to know if there is a package sent for azerbaijan Baku surakhani yeni guneshli.I m said that my package is in ukrain.have some problems with custom clearanced

    • Avatarfinder Customer Care
      nikkiangcoApril 9, 2019Staff

      Hi Ayaz,

      Thanks for getting in touch! We are not able to check if a package was received for you, please contact the designated courier for this. Hope this clarifies!

      Best,
      Nikki

  2. Default Gravatar
    MichelleJanuary 16, 2019

    I need to transfer 72k to my brother in Canada, it is his share of an inheritance. How should I do it so that he keeps the maximum amount of his inheritance? I have three accounts HSBC business, Barclays current, and Nat West current accounts.

    • Avatarfinder Customer Care
      JoshuaJanuary 21, 2019Staff

      Hi Michelle,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      Generally speaking, it is costlier to send money through a bank to bank transfer. Some people find it cheaper to use international money transfer services. If you want to send money through any of your bank accounts, it would be a good idea to check their fees one by one. However, if you want to consider using money transfer providers, please go to this page.

      On that page, you will read our guide on how to send money to Canada in an easy and cost-effective manner. On the same page, you will see a table that let you compare your options speed, minimum transfer amount, and estimated amount received. Once you found the right one for you, click on the “Go to site” green button to learn more or initiate your application.

      Please note though that the table shows an estimate of amount received and the provider will give you the final quote of your money transfer.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      By the way, you can also reach us by clicking the “Want to chat?” button found on the lower right corner of our page to speak to one of our agents.

      Have a wonderful day!

      Cheers,
      Joshua

  3. Default Gravatar
    SveinNovember 11, 2018

    I got a cheque from Natwest bank, isle of man branch. I don’t know how to cash it in europe. My bank in czechia does not take cheques. Went two other banks who could not help me. Oldfashioned way they say. How do I go about doing this, it is in Euros, and I’d like to have it cashed in Euros.ncan you help me?

    • Avatarfinder Customer Care
      JoshuaNovember 25, 2018Staff

      Hi Svein,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      I’m sorry to hear about the trouble you are encountering. You might want to go to Natwest Bank where the cheque was named. NatWest should be able to help you out. From there, you should be able to encash your cheque.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  4. Default Gravatar
    SarahApril 5, 2018

    I need to obtain an international bankers draft in US dollars. Which bank offers this?

    • Avatarfinder Customer Care
      JeniApril 6, 2018Staff

      Hi Sarah,

      Thank you for getting in touch with finder.

      There are a wide range of banks in the UK that offer international banker’s draft such as Barclays, NatWest, Santander, Lloyds and more. Kindly contact them directly to know more about this.

      As a friendly reminder, while we do not represent any company we feature on our pages, we can offer you general advice.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

Go to site