National Westminster Bank Plc is a member of the NatWest group of companies. NatWest is Registered in England and Wales (Registered Number 929027), Registered Office: 250 Bishopsgate, London EC2M 4AA.
Eligibility for Indirect Access and Banking and Payment services
To become an indirect PSP supported by NatWest, you will need to establish a banking relationship with us.
As with any new customer we must undertake various checks and where you wish to make and receive payments through us we have specific obligations to follow as a bank.
UK Sort Code allocation
Sort Codes (6 digit numeric) are a key component of the unique identifier which routes payment instructions in the UK. Each sort code can be linked to one or more of Cheque and Credit Clearing (C&CC), BACS, Faster Payments, and CHAPS payment systems.
In certain cases the payment system permits the service user to select the transactions types to be allowed, for example BACS allows Direct Debits to be selected or excluded.
Making payments
Indirect PSPs can make submit payment files to BACS directly via the electronic connection called “Bacstel-IP”. BACS payments have a three working days cycle: they are entered into the system on the first day, processed on the second day, and are debited and credited on the third day.
Receiving payments
Information on electronic payments received into your dedicated sort codes for credit to your customer accounts are reported using NatWest Data Services. If you are a Bankline Direct or Bankline Exchange user the information is delivered thought that channel.
UK Clearing Systems and associated services
We can sponsor Indirect PSPs into the following UK payment systems.
Overview of terms and conditions and charges
The Terms and Conditions that will apply to Payment Service Providers will depend on the specific products and services selected.