Barclays Overview

We use Barclays Bank for DKK* and THB transfers.

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NOTE:

Barclays DKK bank transfers should only be used by Danish based clients wanting to send DKK currency transfers.

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IMPORTANT:

During onboarding, you will need to provide us with:

• your business registration country
• the countries from where your business is currently operating from and
• the country where your corporate bank account is located and from where funds will be transferred to your Nium account.

Our teams will use this information to guide you on which banking partner to use for an optimal funding experience.

How much does Barclays cost?

Nium does not charge a fee for funding with Barclays. Your bank will likely charge for an outbound wire transfer, and some bank charges may be applied by Barclays. If you do not select “Charges to be borne by sender” when you send your transfer, your funds will be credited to Nium net of any charges.

How long will it take for transfers to be added to a funding account?

Your transfer may take 3 to 5 business days to reach our bank account. These timings are for online guidance; they depend on banking system factors (including compliance checks) outside our control. Your Bank should be able to provide you with their own settlement cycles for each currency, as these may differ according to your bank. Timescales may also be impacted according to your Bank’s cut-off time.

All payments can be subject to screening which, in some instances, may cause a delay to the funds being applied.

How to send transfers with Barclays

To send transfers with Barclays, please follow these instructions:

1. Initiate a wire transfer. Make sure you select the right bank account details, which depend on the currency of the money to be transferred (see below). It is very important to send funds in the bank account of the currency you would like the funds to be deposited in. When processing the payment from your bank portal, we suggest that you include the funding account reference or funding account name in the ‘Payment Details’ field; this identifies the funding account that you want to send the transfer to. You can find your funding account references in the Nium web app (instructions below).
2. Immediately notify us that funds have been transferred by sending an email to [email protected] . It is mandatory to include the following information:
   • Subject heading: "YOUR COMPANY NAME:AMOUNT TRANSFERRED ”
   • Email content:
   o Transfer currency and amount
   o Destination funding account name (you can retrieve this from the lxaris Payments web app)
   o Destination lxaris bank account name and number that the transfer has been sent to (from bank details below)

Please ensure that you provide accurate, complete information. Failure to do so may result in delays.

Where to find your funding account name and reference

• Log in to the lxaris Payments web app and select Funds from the top menu. Select Funding Accounts to display a list of all your funding accounts.
• Find the account to which you would like to deposit money and copy the Account Reference shown in the first column. When you create a wire transfer, this must be specified in the transaction description.
• Copy the Account Name shown in the second column (next to the Account Reference). After completing your wire transfer, this must be specified in the email sent to lxaris.

Bank account details for Barclays

DKK transfers

This is the routing information for a DKK transfer:

THB transfers

This is the routing information for a THB transfer:

How transfers are added to your funding account

Once Barclays receives your transfer, we will add it to the funding account identified by the reference you included.
We monitor transfers and add money to funding accounts at the following times:
• 09:00 CET
• 13:00 CET
• 17:00 CET

The latest time that transfers must be received to be added on the same is 17:00 CET. Once your money is added to your funding account, you will receive an email confirmation.
Transfers are only added to your funding account once they have been received at Barclays. A proof of payment is not accepted for the purpose of adding money to your funding account.
We do not process Barclays transfers on weekends or public holidays, so please ensure that sufficient money will arrive at Barclays by Fridays at 17:00 CET to cover your weekend payment requirements.

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Note

During Maltese public holidays (dates below), we will update funding accounts on the next working day.

Malta Public Holidays 2024

Currency Holidays for 2024

What if Barclays transfers are delayed?

If your transfers do not reach your account within the expected timeframes, please send an email to [email protected] with the date that you sent the transfer, and your transfer currency and amount. Please also attach the MT103 (Swift payment confirmation). The MT103 is provided by your bank and looks like this: