International money payments making use of the SWIFT (Society for Worldwide Interbank Financial Telecommunication) network. This is the fastest and most secure method to transfer money. There are different rules governing international money payments depending on whether the beneficiary is in an EEA country or outside Europe. Money transfers to a beneficiary within the EEA are governed by the Payment Services Directive (PSD). For money transfers to a beneficiary within the EEA the credit value date shall be no later than the business day on which the amount of the payment transaction is credited to the beneficiary's payment service provider's account. For non urgent payments to any other country, funds should reach the beneficiary two working days following receipt of instructions.
Some other benefits:
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Urgent payments can be made in some currencies for same day value provided instructions are received before relevant cut-off time
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Offers high security and reliability, since payment is made using bank-to-bank electronic links
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Payment instructions may be handed in to any of the Bank's branches
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Payments can be made for any amount to most destinations throughout the world
International Banking
