How to send and receive payments

All about our 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
  • Electronic Payments/SWIFT manually processed. Payment fees apply. Please refer to our Payment Fees
  • TNB to TNB accounts instructed via Netbank or manually processed. Free of charge

All about our incoming payments

When you wish to receive funds into your account, please supply the information below to the sender.

Transfers in British pound sterling (GBP) from the UK and Gibraltar

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

Transfers in British pound sterling (GBP) from outside the UK and 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 US dollar into my account

To transact in US Dollars, please contact your Relationship Manager for details.

Transfers in all other currencies

SWIFT/BIC code: TNOVGIGI

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

Account IBAN – this can found on your Bank statement

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’.