Single Euro Payment Area (SEPA) payments
Free
A fee will not be applied if you transfer or make a payment in euros to an EU member state, as well as Iceland, Liechtenstein, Norway, Monaco and Switzerland. Funds should be received by close of business on the next Business Day and both the remitter and beneficiary have to have an account.
Structured USD payments
£8
A fee will be applied if you send a payment in US dollars to the United States. This type of payment can take up to five Business Days.
Real Time Euro Payments (TARGET2)
£25
A fee will be applied if you use this alternative method of sending money outside the UK in euros to an EU member state. This payment is received on the same day if it is sent before 2pm, but can take one to three Business Days if there are problems from the recipient’s side. Fax confirmation is required if the transfer is over £10,000.
SWIFT Service
- 0.25% of the value of the transaction (min. £13, max. £35 plus postage, transmission and agent’s charges, where applicable). This fee will be applied if you send money outside the UK using the SWIFT service, which can reach almost anywhere in the world within one to four Business Days.
- No fee for SWIFT payments in sterling to an EU member state. Free enquiries, amendments and cancellations.
Enquiries, amendments and cancellations
£20 (plus postage, transmission and agent’s charges, where applicable)
A fee will be applied if you make an enquiry regarding a payment you have made outside the UK or a request to amend or cancel the payment. These fees are also payable for our handling of enquiries from banks outside the UK concerning your payment instructions. However, where this investigation has resulted from an error by The Co-operative Bank, or one of its agents, the fee will be waived.
