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Review of the NatWest, Business Banking:

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Huge hidden charges on international transactions

I work in the UK as a contractor for companies in both the UK and the EU. Natwest clearly state that for international payments, they charge a £7 fee. However, they also give an exchange rate several percent lower than the inter-banking exchange rate. In my case that meant a payment of approx £11,800 was reduced to £11400! The real charges are completely ridiculous. Avoid at all costs if you do any international business! I am now moving my business banking to Tide or Starling who provide the correct exchange rate and don’t charge any fees. Reviewed on: 18th July 2019

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