Fees for receiving international transfers to Santander Easy Access Saver

PulpAnimate

I'm doing some freelance work for a company in the USA, and they would like to pay me by wire transfer, directly in GBP from an American account. I have a Santander UK Easy Access Saver account into which I'd like to receive the money. Each instalment will be about £250, but they could be higher than £1000 in future.

Santander have a page listing fees for making an international transfer, but I can't find anything about receiving one. How much should I expect to lose from such charges? Would the fees be different if receiving the money into a Santander UK current account instead? Any information would much appreciated; thanks!

flaneurs_lobster

Don't believe that Santander will charge a fee to receive GBP into an account. What might be an issue is receiving funds direct into a savings account.

You need to provide BIC/IBAN for the receiving account. This is readily available in the account details for Santander CURRENT accounts, it's not given for the Easy Access Saver.

It's a trivial task to derive an IBAN for any bank account with sort code and 8 digit a/c no, but the fact it's not given IMPLIES that it may not be valid.

Think you'll have to verify fees and using the saver with Santander CS.

PulpAnimate

Thank you for your reply! The Santander website's 'IBAN finder' does work for my Easy Access Saver account number and sort code, although there are both current and savings accounts under that sort code.

I'll contact Santander and reply in-thread when I do!

friolento

Can you not receive your USD into a multi currency account, such as WISE or iFast, from where you can then send GBP to any UK account?

flaneurs_lobster

friolento said:

Can you not receive your USD into a multi currency account, such as WISE or iFast, from where you can then send GBP to any UK account?

OP stated in OP that the remittance from US was in GBP.

wmb194

flaneurs_lobster said:

friolento said:

Can you not receive your USD into a multi currency account, such as WISE or iFast, from where you can then send GBP to any UK account?

OP stated in OP that the remittance from US was in GBP.

OP would also need to open a Wise GBP account.

wmb194

PulpAnimate said:

I'm doing some freelance work for a company in the USA, and they would like to pay me by wire transfer, directly in GBP from an American account. I have a Santander UK Easy Access Saver account into which I'd like to receive the money. Each instalment will be about £250, but they could be higher than £1000 in future.

Santander have a page listing fees for making an international transfer, but I can't find anything about receiving one. How much should I expect to lose from such charges? Would the fees be different if receiving the money into a Santander UK current account instead? Any information would much appreciated; thanks!

It’ll depend on whether they choose to pay all the sending fees or share them with you. 

Why a savings account? You don’t have a current account? A current account would be at less risk of a foreign deposit being rejected.