Quick Facts Pros and Cons. Since , it has been part of The Royal Bank of Scotland Group. Over reviews on TrustPilot, Over reviews on ReviewCentre. NatWest is the largest retail and commercial bank in the United Kingdom. Since , it has been part of The Royal Bank of Scotland Group, ranked among the top 10 largest banks in the world by assets. As part of its personal banking offering, Natwest provides individuals with the possibility to exchange currency and make international payments.

Currency Converter & Free Live Exchange Rate Calculator | OFX

Being a bank, it is much heavier regulated than commercial FX companies. It also gets massive media coverage. Among clients, it is not very popular and has been receiving complaints about almost every aspect of service. In fact, it has the lowest rating among all financial service institutions we have covered on our website.

There are more regulatory bodies supervising over its activities than any commercial financial service provider. Clients are furious about the service they have been receiving, with very few people who have good things to say about it.

There is some negative media coverage. That is a higher fixed fee than any other solution we tested for international transfers.

Poor exchange rates in comparison with FX companies.

Often twice as expensive. Both small and large transfers will be incredibly expensive with Natwest. Both fixed fees are high, and exchange rates are poor in comparison to commercial companeis. Natwest does offer global payments, and we can assume that being as large as they are, they can handle all currencies and destinations. Unlike commercial money exchange companies, Natwest is a bank.

That means that once you register with it, you are able to perform all your financial activities through it. Like all other banks they have saving accounts, loans, mortgages and investment facilities. They are missing all other functionalities that foreign exchange firms offer like regular transfers, forward contracts , rate watch, etc.

The iPhone one has mediocre score of 3. From our inspection, these are multi-purpose apps that allow you to check your accounts status and perform a variety of activities on the go. Some values in using banks in comparison to commercial FX, and some major disadvantages listed throughout this review. On the functionality perspective, the fact you cannot issue regular transfers using their systems, nor buy forward contract, watch rates, etc. Clients dislike Natwest bank and so do we.

Currency converter | Travel & international | NatWest International

There are far superior options for transferring money, which are cheaper, personalized and comfortable. Leave your reply Cancel reply Your email address will not be published. You may use these HTML tags and attributes: All Companies Recommended on this Website are Supervised by the Financial Conduct Authority. Read More About The FCA As Featured On: How does it all work - Our FAQ 2. How Electronic Wire Transfers Work Technical 3. How does economy affect the exchange rates 4.

How to hedge your transfers with simple tools 5. How is money laundering prevented?

Quick Find — Search Your Query Categories Personal Transfers Business Foreign Exchange Expat Remittance Transfer Holiday Money Purchase Peer To Peer Money Transfers Best Money Transfer Apps Repatriation of Funds eWallet Comparison Travel Money The companies we review generally don't offer travel money services.

We cover that topic in a different guide: Compare Travel Money Collection Accounts Abroad Online sellers please note that we also compare the best currency exchange and collection accounts providers specifically for you.

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We have recently launched an FX cases investigation service , to help clients who have been mistreated by fx companies.

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We are committed to servicing our visitors, and try to remain impartial and informative in our approach. Hope you enjoyed your stay with us. We review companies on a weekly basis! Face to face, online. Pros Heavily Regulated Payment Compensation Scheme. Cons Poor Service No Dedicated Dealers Poor Client Reviews Poor Exchange Rates High Fees. All in all, safe, secure, but not necessarily deserve a high credibility score.

Those who liked dealing with Natwest said the following: Easy to order a new debit card, prompt response Good run rates for personal loans Customer service proved as helpful.

Currency converter | Offshore Banking | NatWest International

The literally hundreds of complaints we have processed talk about: Too many complaints to list here. Not stated but we assume none. Telephone, Chat, Face-to-Face, Online. Additional Functionalities Unlike commercial money exchange companies, Natwest is a bank. Bottom Line Clients dislike Natwest bank and so do we. Read More About The FCA. Review Page Our Score World First Money Transfer Review How does it all work - Our FAQ. How Electronic Wire Transfers Work Technical. How does economy affect the exchange rates.

How to hedge your transfers with simple tools. Personal Transfers Business Foreign Exchange Expat Remittance Transfer Holiday Money Purchase Peer To Peer Money Transfers Best Money Transfer Apps Repatriation of Funds eWallet Comparison. The companies we review generally don't offer travel money services. Online sellers please note that we also compare the best currency exchange and collection accounts providers specifically for you.

Our Business Magazine Our Expat Magazine. To improve the quality of our services, and provide better inputs for our users, we kindly ask you to add your comments to each review and article. We are affiliated with some of the companies reviewed and featured on our website. FX Companies And Banks Compared The FCA And Its Role In Money Transfers Common Scams in Money Transfers The World's Remittance Market UK Bank Scandal List The World's Inequality Unfolds Currency Movements In Filling Out a US Visa Application Bitcoin Usage In Money Transfers 11 Top Historical Currency Events What is the LIBOR Rate Trade Account: What Does It Mean Overvalued and Undervalud Economic Indicators.

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