International and Same day payments charges
The University has recently changed its bankers to Santander. The new online payment portal is called Santander Connect and replaces Barclays Internet Banking (BIB). In line with this, the pricing structure of online payments has also changed.
From the 1st August 2015, the following tariffs will be re-charged to departments requesting payments processed via Santander Connect Online.
International Payments to a foreign bank account
£17.50 or Statement Charge, if Statement Charge is higher.
All same day payments to a UK bank account
Less than £100,000 via faster payments* £6
£100,000 and above via CHAPS* £21
*Almost all UK bank accounts can now accept faster payments but not all. CHAPS should be requested were absolute certainty is required for same day payment, for instance a house purchase.
Publication date: 3 August 2015