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 controller | Web method name | Description |
---|---|---|
Transfer | GetInternationalBankAccountSetupCountries | To get group value combinations and allowed countries.
|
ListRecipients | In case of existing recipients
| |
GetSpecificRecipient | In case of an existing recipient
| |
AddRecipient | To add recipient if the recipient does not exist.
| |
GetCurrencyRate | Check rate of exchange before transfer
| |
BankTransfer | Based on the RecipientBankReferenceID
|
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
Country | Payment Type | Routing Code Type – Regular | Payer Identification document | Cut off time | Delivery time frame | Maximum payment size | Payment Scheme |
---|---|---|---|---|---|---|---|
Australia | Regular | BSB Code, Account Number | – | 1:30 PM | 2 days | No limit | AusPayNet |
Urgent | SWIFT BIC, Account number | incorporation_number (Business) | 2:00 PM | 1 day | No limit | SWIFT | |
Bahrain | Regular | 0 | 2:00 PM | 1 day | No limit | SWIFT | |
Urgent | SWIFT BIC, IBAN | incorporation_number (Business) | |||||
Bulgaria | Regular | 0 | 8:30 AM | 0 day | No limit | SWIFT | |
Urgent | SWIFT BIC, IBAN | incorporation_number (Business) | |||||
Canada | Regular | Bank code, Branch code, Account number | – | 1:30 PM | 0 days | CAD 20,000 | Electronic Funds Transfer (EFT) |
Urgent | SWIFT BIC, Account number | incorporation_number (Business) | 2:00 PM | 0 days | No limit | SWIFT | |
China | Regular | 0 | 9:00 AM | 1 day | No limit | SWIFT | |
Urgent | CNAPS, SWIFT BIC, Account Number | incorporation_number (Business) | |||||
Croatia | Regular | 0 | 8:30 AM | 0 day | No limit | SWIFT | |
Urgent | SWIFT BIC, IBAN | incorporation_number (Business) | |||||
Czech Republic | Regular | 0 | – | 8:30 AM | 1 day | No limit | CERTIS |
Urgent | SWIFT BIC, IBAN | incorporation_number (Business) | 9:00 AM | 0 day | No limit | SWIFT | |
Denmark | Regular | SWIFT BIC, IBAN | – | 8:30 AM | 0 day | No limit | Credit Transfer |
Urgent | SWIFT BIC, IBAN | incorporation_number (Business) | 10:30 am | 0 day | No limit | SWIFT | |
SEPA Countries(EURO) | Regular | 0 | – | 12:30 PM | 0 day | No limit | SEPA Credit Transfer (SCT) |
Urgent | SWIFT BIC, IBAN | incorporation_number (Business) | 2:30 PM | 0 day | No limit | SWIFT | |
Hong Kong | Regular | Bank code, SWIFT BIC, Account number | passport drivers_license incorporation_number (Business) | 1:30 pm | 1 day | HKD 500,000 | CHATS |
Urgent | SWIFT BIC, Account number | incorporation_number (Business) | 2:00 PM | 1 day | No limit | SWIFT | |
Hungary | Regular | 0 | – | 8:30 AM | 0 day | No limit | Giro Zrt |
Urgent | SWIFT BIC, IBAN | incorporation_number (Business) | 9:00 AM | 0 day | No limit | SWIFT | |
India | Regular | Bank name, Account number, IFSC | – | 4:30 PM | 0 day | INR 1,500,000 per beneficiary per day | IMPS (up to INR 200,000) NEFT (over INR 200,000, and for banks not connected to IMPS) |
Urgent | 0 | ||||||
Israel | Regular | 0 | 2:00 PM | 1 day | No limit | SWIFT | |
Urgent | SWIFT BIC, IBAN | incorporation_number (Business) | |||||
Japan | Regular | 0 | 2:00 PM | 1 day | No limit | SWIFT | |
Urgent | SWIFT BIC, Account number | incorporation_number (Business) | |||||
Kenya | Regular | 0 | 2:00 PM | 1 day | No limit | SWIFT | |
Urgent | SWIFT BIC, Account number | incorporation_number (Business) | |||||
Kuwait | Regular | 0 | 2:00 PM | 1 day | No limit | SWIFT | |
Urgent | SWIFT BIC, IBAN | incorporation_number (Business) | |||||
Lithuania | Regular | SWIFT BIC, IBAN | STEP2 only | ||||
Urgent | 0 | ||||||
Mexico | Regular | SWIFT BIC, CLABE | – | 8:30 AM | 1 day | No limit | SPEI |
Urgent | SWIFT BIC, CLABE | incorporation_number (Business) | 9:00 AM | 0 day | No limit | SWIFT | |
New Zealand | Regular | 0 | 2:00 pm | 1 day | No limit | SWIFT | |
Urgent | SWIFT BIC, Account number | incorporation_number (Business) | |||||
Norway | Regular | SWIFT BIC, IBAN | 10:30 AM | 0 day | No limit | Credit Transfer | |
Urgent | SWIFT BIC, IBAN | incorporation_number (Business) | 10:30 AM | 0 day | No limit | SWIFT | |
Oman | Regular | 0 | 2:00 pm | 1 day | No limit | SWIFT | |
Urgent | SWIFT BIC, Account number | incorporation_number (Business) | |||||
Philippines | Regular | SWIFT BIC, Account number | drivers_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 pm | 0 day | PHP 1,300,000 | PESONet |
Urgent | 0 | ||||||
Poland | Regular | SWIFT BIC, IBAN | incorporation_number (Business) | 9:30 AM | 0 day | PLN 150,000 | Elixir |
Urgent | SWIFT BIC, IBAN | incorporation_number (Business) | 9:30 AM | 0 day | No limit | SWIFT | |
Qatar | Regular | 0 | 2:00 PM | 1 day | No limit | SWIFT | |
Urgent | SWIFT BIC, IBAN | incorporation_number (Business) | |||||
Romania | Regular | 0 | 9:00 AM | 0 day | No limit | SWIFT | |
Urgent | SWIFT BIC, IBAN | incorporation_number (Business) | |||||
Saudi Arabia | Regular | 0 | 2:00 PM | 1 day | No limit | SWIFT | |
Urgent | SWIFT BIC, IBAN | incorporation_number (Business) | |||||
Singapore | Regular | SWIFT BIC, Account number | passport drivers_license incorporation_number (Business) | 2:00 pm | 1 day | SGD 150,000 | FAST |
Urgent | SWIFT BIC, Account number | incorporation_number (Business) | 2:00 pm | 1 day | No limit | SWIFT | |
South Africa | Regular | 0 | 10:30 AM | 0 day | No limit | SWIFT | |
Urgent | SWIFT BIC, Account number | incorporation_number (Business) | |||||
Sweden | Regular | SWIFT BIC, IBAN | – | 10:30 AM | 0 day | No limit | Direct Credit |
Urgent | SWIFT BIC, IBAN | incorporation_number (Business) | 10:30 AM | 0 day | No limit | SWIFT | |
Switzerland | Regular | 0 | 10:30am | 0 day | No limit | SWIFT | |
Urgent | SWIFT BIC, IBAN | incorporation_number (Business) | |||||
Thailand | Regular | 0 | 9:00 AM | 1 day | No limit | SWIFT | |
Urgent | SWIFT BIC, Account number | incorporation_number (Business) | |||||
Turkey | Regular | 0 | 9:30 AM | 0 day | No limit | SWIFT | |
Urgent | SWIFT BIC, IBAN | incorporation_number (Business) | |||||
Uganda | Regular | 1 | 9:00 AM | 1 day | No limit | SWIFT | |
Urgent | SWIFT BIC, Account number | incorporation_number (Business) | |||||
United Kingdom, Isle of Man, Jersey, Guernsey | Regular | Sort Code, Account Number | 3:30 pm | 0 day | £250,000 | Faster Payments Service (FPS) | |
Urgent | Sort Code, Account Number or SWIFT BIC, IBAN | incorporation_number (Business) | 4:30 PM | 0 day | No limit | SWIFT | |
United Arab Emirates | Regular | 0 | 2:00 PM | 1 day | No limit | SWIFT | |
Urgent | SWIFT BIC, IBAN | incorporation_number (Business) | |||||
USA | Regular | ABA, Account number | – | 5:10 PM | 0 days / 1 day | $25,000 for same day (T+0) $100,000 for next day (T+1) | FedACH |
Urgent | SWIFT BIC, Account number | incorporation_number (Business) | 4:30 PM | 0 days | No limit | SWIFT |