Common use of International payments into your account Clause in Contracts

International payments into your account. a) When we receive a payment for your sterling account in a foreign currency, we will convert it into sterling before we pay it into your account. If the payment is in Euros or another currency from the European Economic Area (EEA) (members of the European Union plus Norway, Iceland and Liechtenstein), we will show it in your account and make it available for you to use almost immediately (generally within four hours if the payment is received before the cut-off time on a Working Day). We will pay interest on it (where appropriate) or use it to reduce the interest that you pay from that day. For all other currencies, the time it takes us to convert the payment into sterling takes longer so it will be credited to your account up to two Working Days after we receive it.

International payments into your account. a) When we receive a payment for your sterling account in a foreign currency, we will convert it into sterling before we pay it into your account. If the payment is in Euros euro or another currency from the European Economic Area (EEA) (members of the European Union plus Norway, Iceland and Liechtenstein), we will show it in your account and make it available for you to use almost immediately (generally within four two hours if the payment is received before the cut-off time on a Working Day). We will pay interest on it (where appropriate) or use it to reduce the interest that you pay from that day. For all other currencies, the time it takes us to convert the payment into sterling takes longer so it will be credited to your account up to two Working Days after we receive it.