The RBS Interbank table below displays the currencies and exchange rates for RBS. You can also use RBS Exchange Rates converter to get the latest conversion rates to or from Sterling.
RBS bank international payment service
The Royal Bank of Scotland offers the following services for international transfer payment.
RBS bank allows you to buy goods or pay for goods from one country to another. There are some exchange rates that have been stipulated purposely for international business transfer. If you are receiving payment for goods from another country, you have to fill the required form. Moreover, you can decide to receive your money through 3 ways:
RoyWorld Economy this is an international payment online which has a daily limit of up to 10 thousand euros. With this
mode of payment, transfers can be made in all currencies of all countries within an arrival date of 2-4 days at certain charges.
RoyWorld Express This is an easy way to make international payment with a limit of ten thousand euros daily.
This takes a shorter time of 1-2 days of money arrival but its charges are high. Moreover, transfers can be made from all currencies.
RoyWorld Draft This is another way to receive international payments. They are similar to the local drafts and cheques. These cheques are guaranteed by the banks and may take longer times to be processed. They are less secure than RoyWorld express and RoyWorld economy. The fee charges depend on the amount that is being transferred.
Just like other banks, the Royal Bank of Scotland offers international exchange rates with other currencies throughout the world. This is done through buying and selling of other currencies by the bank. It has its own currency exchange rates which aids them to carry on with this process.
This refers to the money that you need when you travel to other countries for spending. It might be either in cards or in cheques. With RBS you can order you travel money which take almost 1 day to be concluded. After you have bought your travel money, they can give you in cash, deposit in your card with regards to you requirements. Travel money can be obtained through transfer of money from your bank account to the currency you require.
This is transfer of personal money from one currency to another. This is common with individuals who work outside
from Scotland and they need to send money back home. As earlier stated, this can be done through three ways RoyWorld Express, RoyWorld economy and RoyWorld drafts. There is a certain amount of charges and days for arrival depending on the means of payment opted for
The currency converter and exchange rate board contain indication rates only and are updated daily by RBS. These rates exclude any other associated charges which may apply. Please ask your RBS branch for details of RBS exchange rates before you make the transaction.
International payment is crucial for operation of any bank. As we have seen, RBS offers a variety of international payment methods to enable it's members to make international payments as well as transact some currency exchange.
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