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NS&I No Fees Transfers to Overseas Bank Accounts

Discussion in 'Money Matters' started by Howerd, Jun 13, 2014.

  1. Howerd
    Offline

    Howerd Well-Known Member Trusted Member Lifetime Member

    Now you can transfer money abroad without paying a fee with NS&I's brand new international payments service. This secure service allows you to send money from eligible NS&I accounts and investments directly to your nominated international bank account(s). For example, if you're a Premium Bonds customer based overseas, you can enjoy fuss-free prize payments. That's because you'll no longer have to wait for postal warrants to arrive in sterling, or arrange for them to be converted.

    To use the service, the nominated international bank account(s) have to be held in your name, in part of the Single Euro Payments Area (SEPA)*. Or in any of the following countries: Australia, Canada, Hong Kong, New Zealand, Singapore or Israel.

    Once you've registered you'll be able to make payments online or by phone from NS&I directly into your nominated international bank account(s). There is no fee for using the service, it offers competitive exchange rates, and you can set up as many international accounts as you want, provided they are in your name.[​IMG]
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    [​IMG]Before you go fee-free all you need is:[​IMG]
    [​IMG]
    [​IMG][​IMG]to be registered for NS&I's online and phone service, if you haven't done so already please visit nsandi.com/register

    [​IMG]
    [​IMG]
    [​IMG][​IMG]to have a Direct Saver, Direct ISA, Income Bonds or Premium Bonds account[​IMG]
    [​IMG]
    [​IMG][​IMG]to have one or more bank account(s) in the SEPA, Australia, Canada, Hong Kong, Israel, New Zealand or Singapore[​IMG]
    [​IMG]
    [​IMG]
    [​IMG]Find out more

    about our international payments service today. Terms and conditions apply.

    If you have any questions, you can call us free from the UK anytime on 0500 007 007. We're available all day every day. Calls from mobiles and some landline providers may not be free. Calls may be recorded. If you're calling from outside the UK you can reach us on +44 1253 832007. Charges will be at the rate of your international phone provider. Calls may be recorded.

    Yours sincerely

    [​IMG]
    Jill Waters
    Assistant Director Customer Experience

    *Please note: not all SEPA countries are eligible. See our website for more details.

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