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What are the online charges?

 

In most cases, charges for making payments through Coutts Online are at preferential rates and can be found below, other fees can be found in Private Client Banking Tariff or Banking Services for Business Clients

Transaction Type Private Client Fee Commercial Client Fee
Faster Payments Free £3 - immediate
25p - future dated
Inter Account Transfer Free Free
CHAPS Payment £20 £15
International Payment £20 £25
SEPA £5 £7
Payment Delivery Charge* £3 USA
£6 Europe
£9 Rest of world

* This charge will be levied if when sending monies abroad, you opt to add such fees to the payment to ensure the beneficiary receives the full amount requested. Exceptionally, where substantial agents’ charges are levied by the receiving bank, we retain the right to debit a higher payment delivery charge from your account.

Understanding our foreign exchange rates

When making transactions that involve foreign exchange in Coutts Online, the exchange rate you receive is based on the following:

  • Coutts Treasury Services acts as the principal price maker for client transactions.
  • The foreign exchange rate is determined by reference to wholesale interbank quotes sourced from Reuters/Bloomberg quoted as bid/ask.
  • We incorporate a spread to the wholesale interbank quote, which is added to or subtracted from the exchange rate, depending on whether you are buying or selling the foreign currency. This spread is variable and is determined by a range of factors including the transaction type, size, currencies, prevailing market conditions and overall cost of undertaking the transaction.

Payments to Jordan

A payment purpose code is required for all payments made to/from Jordan. Download the Central Bank of Jordan payment purpose codes (PDF 456 KB)

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