SWIFT - receiving overseas payments
There is no charge for receiving a payment into your account from overseas using the SWIFT payment facility.
Information needed for senders transferring within Europe
- Nationwide SWIFT address: NAIAGB21 (This number is also known as our BIC or Bank Identifier Code)
- Name of the account holder
- Sort code and account number
- SWIFT Intermediary Bank address: MIDLGB22
- * Your IBAN number (International Bank Account Number, which can be found on all statements issued after the 04 May 2004).
* If you have a passbook account please quote the IBAN number GB97NAIA07009333333334. The sender will also need to quote your full account number as additional reference section.
Information needed for senders transferring outside Europe
- The Nationwide SWIFT address: NAIAGB21 (This number is also known as our BIC or Bank Identifier Code)
- Name of the account holder
- Sort code and account number
- SWIFT Intermediary Bank MIDLGB22
Rates
Nationwide uses an agent bank to process the incoming SWIFT payments on our behalf. As part of this arrangement the agent bank provides Nationwide with exchange rates on a daily basis to enable us to process currency payments.
The exchange rate given to us by our Agent is a commercial rate, which is set in the morning from the InterBank rate (national rate for financial institutions). These rates are fixed rates for the day up to a certain value, depending on the currency being received.
If a currency being received is over the stated value then our agent will provide us with another rate. This rate is obtained on the live market. The exchange rate could be higher or lower than the fixed rate depending on where the market is, at the time we convert the currency.
Do you need help completing your SWIFT form?
You can:
Article ID: 1572