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For payments sent to your Reliance Bank account

Reliance Bank is an Agency bank and as a result we do not have specific IBAN numbers linked to individual accounts. Payments are directed via our collection account held at HSBC, our correspondent bank for international payments. The details you must quote are as follows:

                                                        IBAN:                 GB70MIDL40053041376543
                                                        Swift Code/BIC: MIDLGB22

It is extremely important that you instruct remitters to include the phrase "credit (your account name and account number) at Reliance Bank Ltd", otherwise this will delay or prevent the funds being credited to the account.


Foreign Exchange & Services

It is necessary to make a small operational charge for the following services:

  • Reliance Bank Visa:  Transaction charge for any purchases made or cash withdrawals from an ATM when abroad: flat fee £1.25.
  • International Money Transfers:  Minimum charge of £15.00 for any value of international money transfer. (Under this option, costs may be levied by correspondent/beneficiary banks which will be deducted from the final amount paid to the beneficiary). 
  • International Money Transfers: Minimum charge of £22.50* to ensure the full value of any international money transfer is received by the beneficiary - our 'all charges' option. (Additional charges may be levied by correspondent/beneficiary banks involved in the transaction over and above the £7.50 premium you pay for this service. These will be debited to your account at a later date). *This option is not available for GBP/Euro payments within the EEA.

To comply with a Euro Payments Council resolution, all inward and outward euro currency payments require a valid BIC (Bank Identifier Code) and IBAN (International Bank Account Number) included as part of the payment instructions.

To avoid unnecessary delays and expense, please ensure that for outward overseas payments you obtain BIC/IBAN details from the ultimate beneficiary and include this information on your payment instructions.

Reliance Bank will continue to process any euro payments without an IBAN, although the Beneficiary Bank has the right to reject such payments and/or apply additional charges that will be passed onto the remitter.

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For security, Please ensure that you are always on this domain www.reliancebankltd.com or ibank.reliancebankltd.com when using our banking services. If you suspect that you are on a 'fake' domain, please contact Reliance Bank on 020 7398 5400.

Reliance Bank Limited. All rights reserved. Registered in England. Registration no. 68835.
Reliance Bank Limited, Faith House, 23-24 Lovat Lane, London EC3R 8EB. Telephone: 020 7398 5400 Fax:  020 7398 5401
Reliance Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
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