Exporting

BUSINESS BANKING

See how to securely send goods abroad, and protect your payments, with documentary collections, letters of credit and bonds, guarantees and indemnities.

Export documentary collections

Stay in control of your goods once they’ve been dispatched – so you know you’ll get paid.

Protect your goods

Reduce the risk of losing the title to your goods. Your documents are only released when your buyer pays or accepts a bill of exchange. This can give reassurance especially when dealing with new partners.

Set payment dates

You’ll have a payment date, so you can predict your cashflow more accurately. We can track payments for you.

Global recognition

Collect payments from more than 200 countries, in over 50 different currencies.

When you’re sending goods abroad, we can provide transport documents that give your buyer access to the good in exchange for the payment. We send the documents, along with the invoice, to the buyer’s bank.

The payment terms can be as and when they get the goods from you (‘sight payments’), or on a fixed date or regular basis.

You can talk to us to see if this might be suitable for your business.

Export letter of credit

Cover your trading risks with a secure way to receive payments from customers abroad.

Advance guarantees

Get a conditional payment guarantee from your buyer’s bank before you agree to send the goods.

Payment protections

We can check that the letter protects you if overseas suppliers don’t pay you. This means you’ll have less need to get credit insurance or cover for ‘political risk’.

Finance options

We can provide you with finance options between when you get the documents and the payment date, to help you predict your cashflow.

Export letters of credit give you a guarantee that you’ll be paid once you’ve met your side of the deal and provided the required documents. This covers you for trading risks.

Your buyer’s bank will give you this guarantee before you start making arrangement to send your goods overseas, so this isn’t interrupted by last-minute changes.

You can talk to us to see if this might be suitable for your business.

Bonds, guarantees and indemnities

Recognised globally, bonds, guarantees and indemnities (BGIs) could reduce your risk if a customer breaks a contract. We can help if these might be suitable for your business, and can tailor them to your needs.

  • The certainty BGIs offer buyers can make your proposition more attractive
  • BGIs can be given to HMRC to help you set up a deferment account for customs and excise duty and import VAT, helping you manage your cashflow.

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We’re here to help

See how we can support you if you’re looking to expand internationally.

International payments

Send and receive secure payments to more than 200 countries, in over 50 different currencies. 

Payments overseas

International trading

If you’re looking to expand your business into other countries or markets, see how we can help you.

Trading overseas

Imports

Protect your business’s payments and goods when dealing with suppliers abroad.

Importing support