We make a transaction charge of £20 to send a SWIFT payment.
If you are making a payment outside of the EEA, you can choose whether to pay the recipient’s bank’s charges yourself or to get the recipient to pay these. You will always have to pay the Nationwide Transaction Fee.
If you are making a payment within the EEA you must pay our charges yourself and the recipient will have to pay their bank’s charges.
We will use our standard outbound exchange rate to convert your payment from Sterling to your choice of currency. This will affect what is received by the recipient.
You can make a payment to a country in the Single Euro Payments Area (SEPA) in Euros, it will be sent by a SEPA Credit Transfer rather than SWIFT. There will be a £9** transaction charge. We will use our standard outbound exchange rate to convert your payment from Sterling to Euros. This will affect what is received by the recipient. You can ask us to make a SEPA Credit Transfer now or check the All about SEPA Credit Transfers page.
Nationwide Exchange Rates
Nationwide is able to offer the conversion of sterling to a number of currencies before a payment is made, for a full list of currencies check the foreign-exchange-rates page.
The actual exchange rate that will apply will be printed on the Transfer Request Form. By signing the form you authorise this payment plus any applicable transaction charge and accept the exchange rate.
If we receive your payment instruction on a working day and your payment is in an EEA currency and to an EEA country, your payment will normally arrive at the recipient’s bank within 1 working day.
If you ask us to make a payment to a country within the EEA that isn’t in an EEA currency, your payment will normally arrive within 4 working days.
Payments outside the EEA will take longer – please ask us for details. Payments to India can take up to 3 months and occasionally longer to reach the recipient’s bank.
Important details we need to be able to send your payment
Bank Identifier Code (BIC) – To ensure we send your SWIFT payment to the correct bank, we need a BIC. Failure to supply a correct BIC will result in your payment being rejected. Please check the BIC Information page for more information.
International Bank Account Number (IBAN) or national bank code – This number is used to identify the recipient’s bank account. Please check carefully that the number you enter is correct. If it isn’t, your payment may go to the wrong account and we may not be able to get your money back.
Daytime contact telephone number – We may need to contact you if there is a problem with your payment. If you do not provide us with your contact details and we are unable to contact you, your payment may be delayed. Please also check your online secure messages regularly because we may send you a message requesting further information.
** SEPA Credit Transfers can only be made in Euros and from Current Accounts. The £9 charge is not applicable for FlexOne, FlexStudent or FlexGraduate accounts.
Further information on SWIFT payments (including exclusions and restrictions) can be found in Nationwide's Sanctions Policy Statement - Payments.