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Does it affect all payments or just euro payments?

April 26, 2017affect Euro PAYMENTS

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Does it affect all payments or just euro payments?

1 Answer

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Posted

Strictly speaking the resolution applies to euro payments. However any payment to the EU/EEA has the potential to be converted to local currency. NatWest strongly recommends the use of IBAN & BIC for all payments you make or are likely to receive from the EU & EEA. This includes sterling invoiced for settlement from the EU & EEA.