Outgoing foreign payments
There are various methods you can use to make cross-border payments. You can:
  • Use funds transfers instead of cheques. Cheques are expensive for both you and the beneficiary since they require manual processing in a bank.
  • Order fund transfers online through Business eBanking.
Always state the BIC and IBAN correctly. You must always state the IBAN in countries that have adopted its use. We recommend that you update your company’s creditor information on an ongoing basis so that you make sure it’s correct.

Where possible have the sender and payee share the costs of the transfer. If you choose another distribution of costs, you risk paying high fees to foreign banks.

Include a message to Northern Bank only if it is necessary. It requires manual post-processing at the Bank, and we charge a fee for such services. Click here (PDF 73kb) for details.

Remember the Danske Bank Group has a comprehensive network of partner banks that enables us to offer bank transfers through the SWIFT system in Business eBanking.

In order to make these payment types, personal information relating to individuals named in the payment form may be provided to overseas authorities in order to comply with applicable legal obligations and prevent crime.

Making Payments to Europe
In June 2005, the European Payments Council (EPC) passed a resolution requiring all European banks to provide IBAN and BIC from 1 January 2007 to process all cross-border (non-domestic) Euro payments, within EU and EEA (Norway, Iceland, Liechtenstein) and Switzerland.

If you are requesting to make a payment to an account within Europe you must quote your beneficiary’s IBAN and BIC on your payment request. Failure to do so will result in additional fees being charged to you and possibly a delay in the payment being forwarded to the beneficiary. Click here (PDF 73kb) for details.

Euro payment instructions effective from 1 January 2007 onwards (which do not include a valid IBAN) to many countries in Europe will NOT be accepted for processing. Please note this will affect all new and existing payments that are dated from 1 January 2007.

Accounts in other countries
If you make many cross-border payments to particular countries, it might be an advantage for you to open an account with one of our branches or partner banks in the countries in question. We would be happy to advise you on this option and other cash management services.

Contact

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International products fees and charges

View our 'Fees and Charges on International Products & Services'. (PDF 73kb).

Business eBanking

Read about our Web-based business banking solution or watch a demo.