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What are the online charges?

 

The charges for Coutts Online payments can be found below. Other fees can be found in Private Client Banking Tariff or Banking Services for Business Clients - please see the Notice of Variation for changes to the Banking Services for Business Clients.

Transaction Type Private Client Fee Commercial Client Fee - until 28th Feb 2019 Commercial Client Fee - with effect from 1st March 2019
Faster Payments Free £3 - immediate
25p - future dated
35p - immediate
35p - future dated
Inter Account Transfer Free Free Free
CHAPS Payment £20 £15 £20
International Payment £20 £25 £25
SEPA £5 £7 £7
Payment Delivery Charge*

USA £3,

Europe £6,

Rest of World £9

* If you are sending money anywhere in the EEA the only permitted charging option for that payment will be Shared Charges. Shared Charges means you pay for the charges levied by Coutts and the beneficiary pays any charges levied by the beneficiary bank for receipt of the funds (a Payment Delivery Charge). If the transaction is in a non member state currency or to be sent outside of the EEA then you may pay the Payment Delivery Charge to ensure the beneficiary receives the specific amount required

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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