Electronic Solutions

Royworld Budget

Introducing a cost-effective electronic solution for sending non-urgent payments of up to £2,000 overseas.

• More on Royworld Budget

Royworld Economy

With our Economy service, your business will be able to make international payments for any value. Payments are normally received within three to four days.

• More on Royworld Economy

Royworld Express

Our fastest electronic payment solution for international payments. Payments normally take up to two days to be received.

• More on Royworld Express

Royworld Budget

For businesses looking to make cost-effective payments to Australia, Canada, New Zealand and USA, Royworld Budget could provide the ideal solution for payments up to £2,000.

Key benefits

• Cost savings - perfect for low-value international payments that are not urgent
• Secure and reliable - electronic bank-to-bank links offer your business security and reliability
• Convenient - to make a payment, simply hand-in a completed form at a local branch or processing them yourself using Bankline
• Avoid FX charges - all payments are sent in the local currency of the destination country, so your business will avoid currency conversion charges at the beneficiary's bank
• Transparent timescales - the money should reach the beneficiary within five working days of your account being debited. These are the usual timescales but cannot, however, be guaranteed

Countries served by Royworld Budget

How much does it cost?

You pay a flat fee of £10 for Royworld manual payments.

How to make a payment

If you want the payment sent by Royworld Budget, it is essential that you provide us with the following information about the beneficiary:

Beneficiary details for payments:

• Bank name
• Bank code (if appropriate)
• Bank branch code
• Bank account number

When security is more important than speed, Royworld Economy could be the perfect international payment solution for your business. You'll benefit from safe and secure bank-to-bank electronic links.

Key benefits

• Secure and reliable - Royworld Economy uses electronic bank-to-bank links, so your business benefits from a high degree of security and reliability
• Cost-effective - a lower cost alternative to our express service
• Flexible - make payments of any amount in sterling or currency, to most global destinations
• Transparent timescales - your funds should reach your beneficiary within four working days of your account being debited
• Convenient - make payments from your branch or from your computer using Bankline. You can also send extra information with the payment

How to make a payment within Europe

These details apply to euro payments for Iceland, Liechtenstein, Norway and Switzerland – as well as the 27 members of the European Community.

The members are Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, The Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK (and associated territories).

You will need to provide the recipient’s:

• Name
• Bank BIC address (unique identifier code)
• International Bank Account Number (IBAN)

How to make a payment outside Europe

For all other countries, you need to tell us the:

• Currency of the payment
• Name of the person you’re sending the money to
• The recipient’s bank’s BIC address – unique identifier code
• The full name of the recipient’s bank
• Their bank address and sort code
• Their account number
• Which charges you will be paying

How much does it cost?

Euro payments to Iceland, Liechtenstein, Norway and Switzerland – as well as the 27 members of the European Community cost £10. You will only pay our fees (the recipient will need to pay any of their bank’s fees).

All other payments cost £20, and the overseas bank will also make a charge. You can choose to pay all the charges; to pay only our charges; or to have the recipient pay all the charges.

Is speed of the essence? With Royworld Express, your business can make urgent payments abroad for any amount to almost any country in the world.

Key benefits

• Fast - a speedy means of sending money abroad
• Secure and reliable - as it uses electronic bank-to-bank links, the solution offers a high degree of security and reliability
• Flexible - make payments of any amount in sterling or currency to most destinations throughout the world
• Transparent timescales - your funds should reach your beneficiary within 1-2 working days of your account being debited. Payments in euro to EU countries (and intra-UK) can even be carried out on the same day
• Convenient - make payments via your branch or office PC using Bankline

Costs and charges

We charge £27 per payment for manual payments and the overseas bank will also make a charge.

You can normally choose to pay all the charges; to pay only our charges; or to have the recipient pay all the charges. You can also send extra information with the payment.

How to make a payment

To speed things up it helps if you can provide us with the following information:

• The currency you want to make the payment in
• The name of the person to whom the money is being sent
• Which charges you will be paying

For euro payments to the European Union (EU) & European Economic Area (EEA)

• Their bank's BIC address - unique identifier code
• Their International Banking Account Number (IBAN)

For other payments

• The full name of their bank
• Their bank's BIC address - unique identifier code
• Their account number

• More on IBAN