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International Payments Service

We’re closing our International Payments Service

 

We're closing our International Payments Service on 19 July 2020

You won’t be able to register any more international bank accounts with us now. But you can still continue to make payments to any international bank accounts you have already registered with us until the service closes.

Do I need to do anything?

Once the service is closed, you’ll only be able to make payments to a UK bank account in your name. So please remember to update your nominated bank account – you can do this by logging in, selecting ‘Your profile’ then ‘Nominated accounts’ from the menu at the top of the screen.

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About the service

About the service

Here is a brief summary of how the service works.

Read our International Payments Service brochure for full details.

  • Countries and currencies

    Country Currency
    Australia Australian Dollars
    Austria Euros
    Belgium Euros
    Canada Canadian Dollars
    Cyprus Euros
    Denmark Euros
    Estonia Euros
    Finland Euros
    France Euros
    Germany Euros
    Greece Euros
    Hong Kong Hong Kong Dollars
    Israel Israeli Shekels
    Italy Euros
    Luxembourg Euros
    Malta Euros
    Monaco Euros
    Netherlands Euros
    New Zealand New Zealand Dollars
    Portugal Euros
    Republic of Ireland Euros
    Singapore Singapore Dollars
    Slovenia Euros
    Spain Euros
  • How to make payments

    When you’ve successfully registered your international account and linked it to an eligible NS&I account, making international payments is simple. Just make a withdrawal in the usual way.

    If you link your international account to NS&I Income Bonds, your monthly interest will be automatically paid to your international account.

    If you link your international account to NS&I Premium Bonds and have chosen paperless prizes, any prizes you win will be automatically paid to your international account.

  • How long the payments take

    We’ll normally send your payment the same day if we receive your instructions by 8pm on a banking day. If we receive your request after 8pm or on a non-banking day, we will send your payment on the next banking day. It can then take up to five banking days for the money to reach your international account, depending on the country.

  • Exchange rates

    Check the indicative exchange rates below. When you make a payment to your international account, we will debit the money from your NS&I account in £ sterling and then convert it to the relevant currency. Remember that exchange rates can go up or down – we will use the rate that applies at the time we process your payment.

    We don’t charge any fees for this service, but some international banks may charge for receiving the payment – please check with your bank if you’re not sure.

    We update these indicative exchange rates once each banking day, during the evening.

    Rates correct as at 19:00 on 29 May 2020.

    Currency Indicative exchange rate per £1 sterling Example amount in £ sterling Example amount in currency
    Australian Dollar 1.8169 AUD 1,000 GBP 1,816.87 AUD
    Canadian Dollar 1.6651 CAD 1,000 GBP 1,665.06 CAD
    Euro 1.0872 EUR 1,000 GBP 1,087.21 EUR
    Hong Kong Dollar 9.3482 HKD 1,000 GBP 9,348.22 HKD
    Israeli Shekel 4.2322 ILS 1,000 GBP 4,232.23 ILS
    New Zealand Dollar 1.9491 NZD 1,000 GBP 1,949.08 NZD
    Singapore Dollar 1.7051 SGD 1,000 GBP 1,705.10 SGD

Your questions answered

Your questions answered

We’ve answered some of the most common questions here.

Download our International Payments Service brochure for more details