Bankline Direct is available to NatWest business account customers who meet the specific eligibility criteria detailed below. Fees apply.
Our commitment to you
24/7 support means we’re here whenever you need us. Bankline Direct customers have access to:
- An implementation manager to support your move to Bankline Direct
- A specialist helpdesk available between 8am – 6pm
- On-call support outside of normal working hours
- Full support for any technical related issues
- Sector specialist relationship managers who can provide expert insight on UK and international payments, payment routing and risk management
All data is as a % of the UK market in September 2022. Data is provided by Pay.uk, SWIFT, and BoE CHAPs scheme.
Credentials
You can use Bankline Direct if you meet the following criteria;
Meets MiFID criteria for Professional Client or Eligible Counterparty; OR
Average turnover for last 3 years ≥ £6.5m; OR
Average total assets for the last 3 years ≥ £3.26m; OR
Is part of a group connection that meets turnover or assets test
Hold NatWest UK accounts
Minimum of 500 transactions per month
Credentials
For clients wishing to use their own sort code (Indirect Access clients) to send/ receive payments they must;
Be FCA regulated/ EEA Passported
Have a Sort Code
Have a BIC; either a full live BIC or a BIC-21 (a BIC-21 is not a BIC connected to SWIFT but is needed in case of mis-formatted payments)