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International Payments Service

Overseas with ease

Make direct international payments from your NS&I account. Fee-free.

Fee-free foreign currency payments from NS&I

Our International Payments Service lets you withdraw money from selected NS&I accounts and send the payment directly to your international bank account. You’ll get competitive exchange rates and we won’t charge you any fees.

All you have to do is register for the service first and provide us with some proof of your international account. Then you can make international payments at any time using our secure online and phone service.

What does fee-free mean?

It means we do not make any transactional charges to process your international payment. Instead, we take a fixed percentage from the currency exchange rate before we offer it to you, regardless of the size of your transaction. The indicative rates we show on our website take account of this.

Please note that some international banks might charge for receiving the payment - check with your bank if you’re not sure.

Suitable for savers who:

  • have an NS&I Direct Saver, Direct ISA, Income Bonds or Premium Bonds
  • want to make payments directly to their international bank account
  • want competitive exchange rates with no fee
  • are registered for NS&I’s online and phone service

Not for savers who:

  • want to make payments to someone else’s international bank account
  • don’t want to use NS&I’s online and phone service


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 get started

    Just log in to our secure online service, go to Your profile in the top menu, click International Payments and follow the on-screen instructions.

    Once you’ve given us details of your international account, we’ll ask you to post us a bank statement to verify your account. We may also ask you for evidence of your identity and address.

    The final step is to link your international account to an eligible NS&I account. Any withdrawals and other payments from your NS&I account will then be paid straight to your international account in the local currency.

    You can register as many international accounts as you want, provided they are in your name.

  • 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 26 March 2020.

    Currency Indicative exchange rate per £1 sterling Example amount in £ sterling Example amount in currency
    Australian Dollar 1.9584 AUD 1,000 GBP 1,958.35 AUD
    Canadian Dollar 1.6704 CAD 1,000 GBP 1,670.38 CAD
    Euro 1.0782 EUR 1,000 GBP 1,078.20 EUR
    Hong Kong Dollar 9.2306 HKD 1,000 GBP 9,230.62 HKD
    Israeli Shekel 4.2763 ILS 1,000 GBP 4,276.33 ILS
    New Zealand Dollar 1.9886 NZD 1,000 GBP 1,988.61 NZD
    Singapore Dollar 1.7025 SGD 1,000 GBP 1,702.46 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