- How To Pay In A Cheque Santander Mobile App
- Santander Pay In Cheque App Uk Account
- Can I Pay In A Cheque Using Santander App
- Santander Pay In Cheque App Uku
- Can I Pay In A Cheque Using Santander App Uk
Bank of Scotland, Barclays, Halifax, HSBC, Lloyds, Nationwide and Santander are front-runners in adopting the new clearing system from today, with NatWest and RBS set to follow early in 2018. While Barclays already allows customers to deposit cheques worth £500 or less using its app, this service is currently limited to Barclays cheques. Download the Santander Mobile Banking App. 4.7 out of 5 Rating. Based on 234K ratings on the App Store as of 1/26/2021. Manage your company’s money online with Santander internet banking; view important account information and related services. Find out more at santander.co.uk. Log on to the app and select “Move Money” then select “Deposit a cheque”. Select the account you wish to deposit into and enter the value of the cheque. Scan the front and back of the cheque. After reviewing, select 'Deposit now'. Robyn Marsack has been left with cheques she is unable to pay into her bank after Santander took the extraordinary step of changing the name on one of her current accounts, seemingly to prevent.
We know getting to a branch in opening hours can sometimes be difficult. That’s why we’ve created an easier way to pay in your cheques using your smartphone and the Barclays app – saving you a trip to the bank.
How does it work?
Open the ‘Pay in a cheque’ feature within the Barclays app1. Enter the payee details and amount, then take a photo of your cheque.
The money will typically arrive in your account by 23:59 the next working day2 (if your cheque was paid in before 15:59 on a working day) so you don’t need to wait days to access your money.
A beginners guide to paying in cheques with your app
Watch a video to learn on how to use the Barclays app to pay in a cheque.
If the cheque is cashed in before 15:59 on a working day (Monday to Friday, except bank holidays), it’ll clear by 23:59 the next working day. It will appear in your account almost instantly, but the money won’t be available until the cheque has cleared and appears in your available balance.
Yes, we accept most cheques from UK banks, although some issuing banks don’t allow you to clear cheques using a photo yet. If you try and pay in a cheque from one of those banks, you’ll get a message telling you to take the cheque to a branch to pay it in.
You can use your app to pay in four cheques every seven days into a personal account.We may change these limits at any time. If you need to pay in more cheques than the above amounts, please go to your local branch.
The day you pay your first cheque in via the app. The count is reset every seven days following that day.
The cheque may still have gone through. Check by clicking on ‘View cheques paid in’. if you’re cheque is listed there, it’s gone through. If not, try paying it in again when you have better reception.You can’t pay in the same cheque twice, so you don’t need to worry about that. If you try to, we’ll notify you.
Your camera may not have captured all of the information we need. Take another photo and make sure that:- The background is plain and darker than the cheque
- The cheque is at least 15cm away from the edge of any desk or table
- The lighting isn’t too bright or dark
- All four corners of the cheque are clear
- Your camera is facing the cheque, not at an angle
- You hold your camera still when you take the picture
Some smartphone cases interfere with the camera, so removing the phone from the case can make photographing your cheque easier.
If you've tried this and the problem continues, please pay in your cheque at a branch.
Yes, there are. You can only pay in cheques for up to £500.You have to be registered for the app and use most updated version of it. You can only pay pound sterling cheques into a Barclays sterling account.
At the moment, we don’t support every sort code. If the sort code on your cheque isn’t supported, we’ll tell you when you try to pay it in.
There’s a weekly limit of four cheques per week that you can pay into a personal account using your app.
We’ll let you know what to do if you find you can’t process your cheque using your phone. You can also get in touch with us by clicking on the ‘Call us' icon in your app.
We recommend you to write 'paid in' on the back of your cheque and then keep it for at least ten days, just in case we need to contact you about it.
You must have a current account with us, be aged 16 or over and have a mobile number to use the Barclays app.Return to reference
‘Working day’ means Monday to Friday, except bank holidays.Return to reference
I’ll explain what Santander charges for an International Transfer, how long it takes, and how to make a Santander International Payment.
Hopefully, it will save you time reading pages of bank jargon and complicated fee schedules.
Santander international payment charges explained
There are two charges you need to be aware of with a Santander international payment:
- Transfer fees
- Exchange rates
While the transfer fee is the more obvious, it is often the smaller charge.
A lot of people mistakenly think the transfer fee is the only charge.
But the exchange rate has a mark-up or profit margin added to it.
This is not visible, so it is often overlooked.
I’ll explain in more detail below.
Santander international transfer fee
An international transfer fee is just a simple, flat fee charged per transfer.
It doesn’t matter how big or small your transfer; the fee is the same.
Santander charges a £25 fee to make an International Payment.
The terminology used by Santander is an “electronic transfer”.
You will be charged £25 for an electronic transfer whether you use Online Banking, Telephone Banking or visit a Branch.
Santander International Payments | Online | Branch or Telephone | One Pay FX (mobile) |
Transfer Fee | £25 | £25 | Free |
The One Pay FX mobile app was launched by Santander in 2018.
It’s a mobile app that is targeted towards smaller payments to friends and family.
One Pay FX has a £10,000 limit and can only make payments in Euros, US Dollars and Polish Zloty.
While the £25 transfer fee charged by Santander is not massive, it is annoying and can add up if you make frequent payments.
Some of the other big UK banks charge a lower fee if you do your transfer online.
If you want to avoid paying transfer fees, you can use a money transfer specialist such as ourselves.
We don’t charge any transfer fees.
Santander exchange rates
You can easily find exchange rates online these days.
Google will give you a rate.
And websites like XE, Oanda and Daily FX are popular for live rates, charts and news.
But here’s the catch…the rates you see online are basically wholesale rates which are not available to customers.
It’s a little-known fact.
There is usually a disclaimer hidden away somewhere that will disclose this.
A bank, such as Santander, formulates its own exchange rates by adding a 'margin' to its wholesale rates.
The exchange rate margin added by Santander is very dependent on the size of your international transfer.
Put simply, the bigger the transfer, the better the exchange rate.
There is not a single, standard rate charged by Santander.
All the banks, including Santander, use a sliding scale.
More money, tighter margin.
Unless you are looking to transfer a really large amount (over £100,000), you can expect a margin of between 2%-4%.
It very much depends on the currencies involved and the exact amount of your transfer.
The point is if you just accept the rate charged by your bank, you could end up paying a lot more than you wanted, or your recipient could receive a lot less than they expected.
Small differences in the exchange rate can have a big financial impact.
As a quick example, say you were transferring £70,000 to Spain to buy a holiday house.
If the rate at Santander was just 1% higher, it would cost you an extra £700 in exchange rate costs.
You can see that small increments can easily escalate your costs.
The simplest thing to do is get a quote from an alternative provider and compare how much money you would receive.
Trying another bank isn’t normally a viable alternative.
The big banks require you to have a bank account with them already – which involves a fair bit of time and hassle to set up.
A money transfer specialist is the easiest way for you to benchmark your bank and find out the potential savings.
Once you know what you can save, you can then make an informed decision.
As a quick tip, if you want to carry out a cost comparison, you should do it at roughly the same time as the rate will be moving around throughout the day.
3 types of Santander international transfers
Santander offers three types of International Payments, but fear not, only one of the options is applicable to most people.
An “Electronic Transfer” is the type most people are looking for when sending money abroad.
An electronic transfer with Satnader has a £25 charge.
Santander also offers an “Electronic Euro Transfer (or SEPA transfer)”.
But it's not applicable for most Brits.
A SEPA transfer is used if you’re sending Euros to Euros – meaning there’s no currency conversion. For example, someone sending Euros from Spain to France.
The third type of International Payment is a “Currency Draft (Cheque)”.
A draft might be a bit old fashioned, but it is sometimes required for settling financial transactions with a third party.
It is a slower way of sending money abroad because it involves the sender physically posting the draft to the recipient, who then needs to physically bank it.
How to make a Santander international payment
The first step is to choose how you want to send your money:
- Online Banking
- One Pay FX app
- Telephone Banking; or
- Branch
Here's a quick overview of each...
For Online Banking, you log in as normal.
Within the Payments & Transfers, select International Payments.
It’s fairly intuitive from here.
You will need to enter the amount of Pounds and the currency you need.
The system will quote you a rate.
You will also need the IBAN of the recipient.
Once everything is entered and confirmed by you, Santander will ping you a One Time Passcode to your mobile for security purposes.
For the One Pay FX app, here is a 1-minute instructional video you can watch.
Don’t forget this app is limited to £10,000 max and only three currencies (EUR, USD, PLN).
For Telephone Banking you call 0800 9 123 123.
For Branch, it will involve filling out forms. Hopefully, you will get someone who knows what they’re doing.
How To Pay In A Cheque Santander Mobile App
The 2 bits of information you will need
To send a Santander international payment, you need the following:
- Recipients full name (can be you or someone else)
- The Account Number and their banks BIC
Alternatively, you can use the IBAN (international bank account number) for the recipient bank account.
The IBAN includes the country code, bank code, branch code and account number – that’s why it’s so damn long.
The easiest way to find the IBAN is to look at a bank statement.
If that’s not possible, you can go into a branch and ask.
You can also try and cobble it together yourself using a free online tool like this.
There are quite a few free online IBAN generators, so I’m not promoting any particular one.
One option might be to use a money transfer specialist. They can assist you with all the payment details and help make sure everything is correct.
How long does a Santander international transfer take?
It depends on the currency.
Santander says to allow up to 4 working days. It should be a bit quicker for EUR and USD transfers.
While different time zones, weekends and daily cut-off times can cause delays, the time taken is often a result of the recipient foreign bank.
The recipient bank will do its own checks before they clear the money into your account.
That part is outside the control of Santander.
A trusted and helpful alternative: Key Currency
You don’t have to use Santander to make an international payment, even if they have your money.
The main alternative is to use a money transfer specialist.
Why?
A money transfer specialist, such as Key Currency may be cheaper and more efficient.
We have far lower overheads than a big bank like Santander, so we can pass on the savings to our customers.
Santander Pay In Cheque App Uk Account
You won’t pay any transfer fees, and our exchange rates are very competitive and responsive to the market.
Another consideration is that we specialise in money transfers.
It’s what we do day-in, day-out.
As a customer, you are provided with an account manager who will look after your transfer from start to finish.
It takes the stress away.
There are some common pitfalls when customers go online and try and do everything themselves.
Can I Pay In A Cheque Using Santander App
They can make a mistake on the payment details, sending their money into the abyss.
Santander Pay In Cheque App Uku
Or they chose a terrible time to exchange their money, which costs them a bundle from getting a poor exchange rate.
At Key Currency, we provide a genuinely helpful service.
Our company has attained a 5-star 'Excellent' customer rating on Trustpilot based on hundreds of reviews.
We assist you with the transfer details, discuss and agree with you on the right time to exchange your money and then keep you informed throughout the process.
We don't push you onto a trading platform or make you download an app.
Can I Pay In A Cheque Using Santander App Uk
You also have the peace of mind knowing that Key Currency is an FCA regulated Authorised Payment Institution (No. 753989), and as such, all money transfers are conducted through safeguarded client accounts.
If you would like to compare our rates to Santander, simply request a free quote below.