How to send and receive payments

Outgoing payments

At TNB we have the following options available to you:

  • Electronic Payments/SWIFT instructed via Netbank. Payment fees apply. Please refer to our Payment Fees
  • TNB to TNB accounts instructed via Netbank. Free of charge
  • Electronic Payments/SWIFT manually processed.
    Payment fees apply. Please refer to our Payment Fees. To instruct a manual payment, please complete our Payments Template Form found under ‘Useful Information’

Incoming payments

When you wish to receive funds into your account, please follow the instructions below.

Transfers in British pound sterling (GBP)

TNB UK SORT CODE: 40-51-78

Account name (full account name/s – avoid using abbreviations or initials)

Account number (8 characters UK format)

If your TNB account number is e.g. 1234567 0001 GBP then the UK format of this is 12345671

Outside the UK/Gibraltar

SWIFT/BIC code: TNOVGIGI

Account name (full account name/s – avoid using abbreviations or initials)

Account IBAN – this can be found on your Bank statement

Transfers in Euro (EUR) and Danish Kroner (DKK) into my account

SWIFT/BIC code: TNOVGIGI – Bank Name: Trusted Novus Bank

Account name (full account name/s – avoid using abbreviations or initials)

Account IBAN – this can be found on your Bank statement

Transfers in all other currencies

Please contact your Relationship Manager for details.


Useful information

Cut off time

All currencies except USD – Same day value – Cut-Off time 2pm C.E.T

USD payments – Value date plus 1 day – Cut-Off time 2pm C.E.T.

Payment instructions received after 2pm C.E.T will be processed the following working day.

Correspondent Bank Charges

Payments are routed around the world by different banks, and only rarely is one bank involved from start to finish for a particular transaction.

The Correspondent Banks apply charges for their services which may be deducted from the original amount before TNB receives the payment. TNB has no control or visibility over which route these payments take or the charges that are deducted.

Please be aware that Correspondent Bank charges will vary from Bank to Bank. Each Bank is responsible for setting their own charges.

If an IBAN/ BIC is not provided, it may result in additional fees charged by other banks or even have the instruction rejected by them.

All payments sent to a beneficiary account within the European Economic Area must be sent as ‘shared’.