Natwest charges for receiving fund from overseas(EU)

jkgfrance

According to <<link not permitted>> these charges apply for Business Banking.

I quickly searched Personal Banking but could not find a direct equivalent except that it states "As there are charges for inward payments, you'll need to agree with the sender who is going to pay them."

Lloyds TSB also charge 7 pounds, plus a relatively poor exchange rate :mad:

euronorris

Halifax also charge, but I request that these fees are passed back to my Dutch account each month.

However, I do recall seeing a notice from the bank that new European law dictates that the costs need to be shared between the sending and receiving bank.

natweststaffmember

jkgfrance wrote: »

According to <<link not permitted>> these charges apply for Business Banking.

I quickly searched Personal Banking but could not find a direct equivalent except that it states "As there are charges for inward payments, you'll need to agree with the sender who is going to pay them."

Lloyds TSB also charge 7 pounds, plus a relatively poor exchange rate :mad:

I'm assuming its NatWest you are talking about.

http://www.natwest.com/personal/travel-international/g2/international-payments/receiving-money-from-abroad/bank-to-bank.ashx

Fairly clear what it states on the page for personal customers.

jkgfrance

No, I was referring to Barclays.
The original Post stated thaye do not charge, but this is for Business customers.
Nat West is clear, 7 pounds, same as Lloyds TSB
HBOS is free I think, for SWIFT payments - all intra EU payments must be SWIFT now.

euronorris

OK, I have figured out what is happening with Halifax.

They do not charge for funds received below 100 GBP.

Funds over 100 GBP but less then 8000 GBP, received in Euro's are free. All other currencies incur a 3 GBP charge.

I was requesting a GBP amount to be sent to the UK from Holland. I only did this because it made it clearer to me how much would be received, didn't realise they were actually sending the funds in GBP rather than Euro's.

So, Halifax was charging my Dutch bank account for receiving funds in GBP! !!!!!!?!

OK, so now I know how to save €15 per month. Don't ask me how 3 quid equates to €15! I have no ruddy idea!

I am going to ask Halifax why they charge to receive funds in local currency though.

natweststaffmember

jkgfrance wrote: »

No, I was referring to Barclays.
The original Post stated thaye do not charge, but this is for Business customers.
Nat West is clear, 7 pounds, same as Lloyds TSB
HBOS is free I think, for SWIFT payments - all intra EU payments must be SWIFT now.

A bit of a pain in the posterior but found it
http://www.business.barclays.co.uk/BRC1/jsp/brccontrol?task=articlegroup&site=bbb&value=4308&menu=3770
You are right in that it does say it under business but I think it would apply to personal customers as well.