Payments to the UK will not change after Brexit

Payments to the UK can continue to be made as SEPA credit transfers and international payments.

The transition period of the withdrawal of the UK from the EU (Brexit) ends at the end of this year. New rules will come into force at the beginning of 2021 that will see further updates.

However, Brexit will not affect international payments made to the UK, because UK banks will continue to be participants in the European Payments Council (EPC) that develops common rules for payment services. 

Payments to the UK can be made after Brexit as SEPA credit transfers and international payments. 

What is new is that corporate customers can choose when making a payment whether they pay themselves (OUR payment instruction) or whether the beneficiary pays (BEN instruction) all payment transaction fees. 

Private customers will always pay all transaction fees.