How to transfer large amounts of money with NatWest

Need to send a large payment? Perhaps you’re completing a house purchase or buying a brand new car. Whether it’s a bill for building work or a need to move inheritance money between accounts, you’ll need to know the best way to make a large amount transfer.

If you bank with NatWest in the UK (or are thinking of opening an account), this guide is for you.

Below, we’ll be looking at how to use NatWest to transfer large amounts of money in the UK. This includes transfer times, limits, fees, security and how to actually set up a large payment with the popular UK bank.

If you’re looking for a reliable and cost-effective way to transfer large sums internationally, consider the money services provider Wise. With low, transparent fees*, great mid-market exchange rates, and secure, trackable transfers, Wise makes international money transfers simple and stress-free. Plus, you’ll receive dedicated support when sending large amounts.

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Can you send large transfers with NatWest?

Yes, you can transfer large amounts with NatWest, as long as you have a personal or business account with the bank.

There are a couple of different options available, depending on how much you need to send and what kind of NatWest account you have.

The first is Faster Payments. This is what most UK banks use to send payments between UK accounts, and in most cases payments arrive instantly.

With NatWest, you can send up to £20,000 per day via Faster Payments if you have a standard personal account. This limit increases to £50,000 if you have a premier or business account.¹

You can make your payment online or using the NatWest mobile banking app. Or if you prefer, you can also call the bank or visit your local NatWest branch to arrange a large transfer.

Need to send more than your daily transfer limit? You’ll need to use CHAPS (Clearing House Automated Payment System). This type of payment is specially designed for making fast, secure large transfers, and doesn’t usually have any minimum or maximum limits on how much you can send.

You’ll need to visit a NatWest branch to make a CHAPS payment, and there’s a fee of £23 to pay. This drops to £21 if you’re paying another NatWest account. ²

NatWest also lets you make international payments of large amounts, but these may also involve some money transfer fees.

Is NatWest safe for large transfers?

NatWest is one of the ‘big four’ licensed banks in the UK and is strictly regulated.

In order to comply with regulations, NatWest is required to use sophisticated security measures to protect its customers’ data, money, accounts and transfers.

This includes protections such as:³

• Constant monitoring systems, utilising technology to identify potentially suspicious payments
• One Time Passcodes (OTP) to safeguard account access
• Confirmation of payee, which involves checking and matching account details to make sure you’re paying the right person
• Multi-layered security systems, including card readers, a secure website and biometric approval when logging into the NatWest mobile banking app.

How to make a large amount payment with NatWest

Once you’ve opened an account with NatWest, you can use online or mobile banking to send a Faster Payments transfer.

Remember though that you’ll only be able to transfer up to £20,000 a day (or up to £50,000 if you have a premier or business account).¹

You can also send international transfers online or using the NatWest app.

Here are the recipient details and other info you’ll need to have ready:

• The recipient’s name as it appears on their bank account
• Their bank account number and sort code
• The type of account (personal or business)

Along with the above, you’ll need additional details if you’re sending money abroad:

• The name, account number and address of the person or company you’re paying
• The recipient’s International Bank Account Number (IBAN)
• The SWIFT/BIC code for their bank.

To set up your transfer, you’ll need to login to your online or mobile banking. Select an existing payee or follow the on-screen instructions to set up a new recipient, including any security verification steps.

Then you can enter the amount you want to send along with any other required details - and confirm the payment.

If you want to send a larger amount than your daily transfer limit allows, you’ll need to head into a local NatWest branch to send a CHAPS payment. You’ll need to bring some ID and your debit card along.²

If you’re a NatWest premier customer, you can set up CHAPS payments via phone banking.²

How long do large transfers take with NatWest

Take a look below for an idea of average transfer times with NatWest:

What's the maximum transfer limit with NatWest?

The maximum amount you can send with NatWest depends on your account type and how you’re making your transfer.

Let's take a look at of the transfer methods available with NatWest and the sending limit for each:

Wise – A low-cost alternative to bank transfers

Looking for a secure, convenient and low-cost way to send large sums of money internationally? Take a look at the Wise account from the money services provider Wise. It's not a bank account but offers some similar features and your money is safeguarded.

With Wise, you can send large amount transfers worldwide to countries for low, transparent fees* and you’re guaranteed the mid-market exchange rate with no markup.

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Sources used:

Sources last checked on date: 10-Jan-2025