What fees are charged for receiving international transfers?

We don’t charge any fees for receiving international payments that have already been converted to British pounds. For payments in other currencies, we give you the market currency exchange rate, plus a 1% conversion fee.

So, for example, if you receive a payment in another currency that’s worth £100, we’ll convert it to British pounds and charge a £1 fee. The maximum fee for each transaction is £1,000.

That way you’ll always get the market currency exchange rate, plus our 1% fee.

It’s also worth checking with the sender what their bank charges, to see whether receiving British pounds would work out cheaper.