Your selected question

Q:

How do I create a currency transfer between my accounts?

A:

To create a currency Inter Account Transfer follow the steps below.

Step 1 - Select payment type

Select 'Payments' from the left-hand menu. This opens the 'Make payments' screen. In the 'Inter Account Transfers' section, select ‘Currency IAT’.

Step 2 - Enter transfer details

Debit account
The sort code and account number of your default account are shown automatically. To change this to another registered account (or to set the default), click on the magnifying glass and select the account you want to use.

Payment date
This defaults to the earliest possible date the payment can be made. To specify a later date (up to 180 days in advance), click the calendar.

Payment currency and amount
Select the currency you want the transfer to be made in and enter the amount in figures, with decimal point, but no currency symbol, for example, 527.99.

Debit account narrative
Enter any reference you want to use to identify the payment, for example, invoice number.

Step 3 - Enter credit account details

Account details
Enter the sort code and account number of the account you want to credit. Or click on the magnifying glass to see all the accounts linked to your user profile and select the credit account from this list.

Credit account narrative
Enter any reference you want to use to identify the transfer.

Step 4 - Foreign exchange details

If you have a foreign exchange deal you can enter this and the exchange rate here. If you don't you can leave this blank.

Step 4 - Check and confirm transfer

Select 'Make transfer' at the bottom of the screen. Check all payment details are correct. If not, you can edit them at this point. If you don’t want to submit the payment yet, select 'Save transfer' instead. If the details are correct select 'Confirm' to agree the transfer.

The transfer will now either be complete or awaiting authorisation.

Did this article answer your question?