International Payments with Currency Conversion

What are International Payments with Currency Conversion?

With the Contis API solution, clients can offer their customers the capability to make international payment in a currency selected by the sender (account holder). A list of the currencies and countries supported are shown here. At the moment Contis is unable to receive non-sterling inbound payments.

How do International Payments with Currency Conversion work?

Contis uses a third party, a payout partner, to make the payment. As part of the transaction the client will need to collect, from the sender, all the details required by the beneficiary bank in order to complete the payment.

Note: Details may vary depending on the country the funds are being sent to.

The Contis solution allows account holders (senders) to

  • Request a quote, this enables them to see the exchange rate and the other costs involved in the transaction.
  • Create a beneficiary.
  • Select the method of payment, assuming the beneficiary bank can receive SWIFT and non-SWIFT payments.
  • Create and send the payment

Account holders can also manage their beneficiaries by editing payment details, or deleting them in order that they can be set-up again with different details.

How long does the payment take to arrive?

The payment will take between 1 and 5 days. There are a number of factors that impact the timeline, including the payment type selected by the sender (Urgent or Non-Urgent), whether the beneficiary bank is directly connected participant, or whether it uses a correspondent bank.

Which countries are supported?

Contis can send payments to over 50 countries in 30+ currencies, all payments assume the sender is based in the UK. If the beneficiary is not based in the UK, then further checks will be required, which may delay the payment. A list of supported countries and currencies can be found here.

Why is the country/currency I want not supported?

The countries and currencies supported by Contis have been agreed with our payout partner, they have been selected due to their popularity, as well as the liquidity of the currency. If the country / currency you need is not listed please speak with you Account Manager who will raise a request with our partner.

What happens if the beneficiary bank doesn’t accept the payment?

There are a number of reasons the beneficiary bank may not accept the payment, it could be that the account is closed, or restricted, or that there was insufficient information provided. In these case, the payment will be returned by the beneficiary bank, this may take several days.

How to implement International Payments with Currency Conversion

At Contis international payments with currency conversion are available on a GBP programme.

  • Existing clients should contact their Account Manager to have this facility and feature made available. Contis will need to set up the necessary configuration to allow International Payments with Currency Conversion.
  • New clients should contact their Commercial Manager and ask about International Payments with Currency Conversion.

Methods of sending funds

Payments will be sent via SWIFT (Urgent) or, if available, local payout (Regular)

List of APIs to be used

Dev portal controllerWeb method nameDescription
TransferGetInternationalBankAccountSetupCountries

To get group value combinations and allowed countries.

  • Get group value based on country
  • Check if the recipient country is available in the list
ListRecipients

In case of existing recipients

  • List all recipients linked to a consumer
  • Get the RecipientBankReferenceID
GetSpecificRecipient

In case of an existing recipient

  • Get a specific recipient based on RecipientBankReferenceID
AddRecipient

To add recipient if the recipient does not exist.

  • Use BankAccountTypeID=2 (International)
  • TransferTypeID=21 (Automated International regular) / 22 (Automated International urgent)
  • Use combination based on the group value received from GetSepaBankAccountSetupCountrie
    1=Sort Code and Account Number
    2=IBAN AND BIC
    4=BIC(SWIFT) and Account Number
    8=NCC
    and Account Number
  • BankAccountHolderName, BankAddress, BankName, BankAccountHolderAddress
  • Get the RecipientBankReferenceID
GetCurrencyRate

Check rate of exchange before transfer

  • Use FromAmount or ToAmount
  • Use FromCurrencyCode and ToCurrencyCode
BankTransfer

Based on the RecipientBankReferenceID

  • RecipientBankReferenceID
  • TransferTypeID=21 (Automated International regular) / 22 (Automated International urgent)

API Process Flow

Get quote

1. Get Currency Rate

  • From or To Amount
  • To Currency
  • To Country

2. Select Payment type

  • Urgent
  • Regular

3. Display quote

  • Exchange rate
  • Transfer amount
  • Transfer fee
  • Payout fee
  • Transfer total

Make payment

1. Get Currency Rate

  • From or To Amount
  • To Currency
  • To Country

2. Select Payment type

  • Urgent
  • Regular

3. Create beneficiary

  • Beneficiary details
  • Beneficiary bank details
  • Account details
  • IBAN lookup

4. Bank Transfer

  • Add beneficiary
  • Get currency rate
  • Bank transfer
  • Amount
  • Reason/Purpose

Delete beneficiary

1. Delete beneficiary

  • Consumer ID
  • Recipient Bank Reference ID
  • Client Request Reference
  • Culture ID

Re-quote

1. Get Currency Rate

  • From or To Amount
  • To Currency
  • To Country

2. Select Payment type

  • Urgent
  • Regular

3. Display quote

  • Exchange rate
  • Transfer amount
  • Transfer fee
  • Payout fee
  • Transfer total
 

Countries and currencies supported

CountryPayment TypeRouting Code Type – RegularPayer Identification documentCut off timeDelivery time frameMaximum payment sizePayment Scheme
AustraliaRegularBSB Code, Account Number1:30 PM2 daysNo limitAusPayNet
UrgentSWIFT BIC, Account numberincorporation_number (Business)2:00 PM1 dayNo limitSWIFT
BahrainRegular0 2:00 PM1 dayNo limitSWIFT
UrgentSWIFT BIC, IBANincorporation_number (Business)    
BulgariaRegular0 8:30 AM0 dayNo limitSWIFT
UrgentSWIFT BIC, IBANincorporation_number (Business)    
CanadaRegularBank code, Branch code, Account number1:30 PM0 daysCAD 20,000Electronic Funds Transfer (EFT)
UrgentSWIFT BIC, Account numberincorporation_number (Business)2:00 PM0 daysNo limitSWIFT
ChinaRegular0 9:00 AM1 dayNo limitSWIFT
UrgentCNAPS, SWIFT BIC, Account Numberincorporation_number (Business)    
CroatiaRegular0 8:30 AM0 dayNo limitSWIFT
UrgentSWIFT BIC, IBANincorporation_number (Business)    
Czech RepublicRegular08:30 AM1 dayNo limitCERTIS
UrgentSWIFT BIC, IBANincorporation_number (Business)9:00 AM0 dayNo limitSWIFT
DenmarkRegularSWIFT BIC, IBAN8:30 AM0 dayNo limitCredit Transfer
UrgentSWIFT BIC, IBANincorporation_number (Business)10:30 am0 dayNo limitSWIFT
SEPA Countries(EURO)Regular012:30 PM0 dayNo limitSEPA Credit Transfer (SCT)
UrgentSWIFT BIC, IBANincorporation_number (Business)2:30 PM0 dayNo limitSWIFT
Hong KongRegularBank code, SWIFT BIC, Account numberpassport
drivers_license
incorporation_number (Business)
1:30 pm1 dayHKD 500,000CHATS
UrgentSWIFT BIC, Account numberincorporation_number (Business)2:00 PM1 dayNo limitSWIFT
HungaryRegular08:30 AM0 dayNo limitGiro Zrt
UrgentSWIFT BIC, IBANincorporation_number (Business)9:00 AM0 dayNo limitSWIFT
IndiaRegularBank name, Account number, IFSC4:30 PM0 dayINR 1,500,000 per beneficiary per dayIMPS (up to INR 200,000)
NEFT (over INR 200,000, and for banks not connected to IMPS)
Urgent0     
IsraelRegular0 2:00 PM1 dayNo limitSWIFT
UrgentSWIFT BIC, IBANincorporation_number (Business)    
JapanRegular0 2:00 PM1 dayNo limitSWIFT
UrgentSWIFT BIC, Account numberincorporation_number (Business)    
KenyaRegular0 2:00 PM1 dayNo limitSWIFT
UrgentSWIFT BIC, Account numberincorporation_number (Business)    
KuwaitRegular0 2:00 PM1 dayNo limitSWIFT
UrgentSWIFT BIC, IBANincorporation_number (Business)    
LithuaniaRegularSWIFT BIC, IBANSTEP2 only    
Urgent0     
MexicoRegularSWIFT BIC, CLABE8:30 AM1 dayNo limitSPEI
UrgentSWIFT BIC, CLABEincorporation_number (Business)9:00 AM0 dayNo limitSWIFT
New ZealandRegular0 2:00 pm1 dayNo limitSWIFT
UrgentSWIFT BIC, Account numberincorporation_number (Business)    
NorwayRegularSWIFT BIC, IBAN 10:30 AM0 dayNo limitCredit Transfer
UrgentSWIFT BIC, IBANincorporation_number (Business)10:30 AM0 dayNo limitSWIFT
OmanRegular0 2:00 pm1 dayNo limitSWIFT
UrgentSWIFT BIC, Account numberincorporation_number (Business)    
PhilippinesRegularSWIFT BIC, Account numberdrivers_license
social_security_number
green_card
passport
visa
matricula_consular
registro_federal_de_contribuyentes
credential_de_elector
social_insurance_number
citizenship_papers
drivers_license_canadian
existing_credit_card_details
employer_identification_number
national_id
others
incorporation_number (Business)
4:30 pm0 dayPHP 1,300,000PESONet
Urgent0     
PolandRegularSWIFT BIC, IBANincorporation_number (Business)9:30 AM0 dayPLN 150,000Elixir
UrgentSWIFT BIC, IBANincorporation_number (Business)9:30 AM0 dayNo limitSWIFT
QatarRegular0 2:00 PM1 dayNo limitSWIFT
UrgentSWIFT BIC, IBANincorporation_number (Business)    
RomaniaRegular0 9:00 AM0 dayNo limitSWIFT
UrgentSWIFT BIC, IBANincorporation_number (Business)    
Saudi ArabiaRegular0 2:00 PM1 dayNo limitSWIFT
UrgentSWIFT BIC, IBANincorporation_number (Business)    
SingaporeRegularSWIFT BIC, Account numberpassport
drivers_license
incorporation_number (Business)
2:00 pm1 daySGD 150,000FAST
UrgentSWIFT BIC, Account numberincorporation_number (Business)2:00 pm1 dayNo limitSWIFT
South AfricaRegular0 10:30 AM0 dayNo limitSWIFT
UrgentSWIFT BIC, Account numberincorporation_number (Business)    
SwedenRegularSWIFT BIC, IBAN10:30 AM0 dayNo limitDirect Credit
UrgentSWIFT BIC, IBANincorporation_number (Business)10:30 AM0 dayNo limitSWIFT
SwitzerlandRegular0 10:30am0 dayNo limitSWIFT
UrgentSWIFT BIC, IBANincorporation_number (Business)    
ThailandRegular0 9:00 AM1 dayNo limitSWIFT
UrgentSWIFT BIC, Account numberincorporation_number (Business)    
TurkeyRegular0 9:30 AM0 dayNo limitSWIFT
UrgentSWIFT BIC, IBANincorporation_number (Business)    
UgandaRegular1 9:00 AM1 dayNo limitSWIFT
UrgentSWIFT BIC, Account numberincorporation_number (Business)    
United Kingdom, Isle of Man, Jersey, GuernseyRegularSort Code, Account Number 3:30 pm0 day£250,000Faster Payments Service (FPS)
UrgentSort Code, Account Number or
SWIFT BIC, IBAN
incorporation_number (Business)4:30 PM0 dayNo limitSWIFT
United Arab EmiratesRegular0 2:00 PM1 dayNo limitSWIFT
UrgentSWIFT BIC, IBANincorporation_number (Business)    
USARegularABA, Account number5:10 PM0 days / 1 day$25,000 for same day (T+0)
$100,000 for next day (T+1)
FedACH
UrgentSWIFT BIC, Account numberincorporation_number (Business)4:30 PM0 daysNo limitSWIFT