If you regularly pay or receive foreign currencies, a Commercial Foreign Currency Account can be an efficient way of managing your international trade activities.
Our Commercial Foreign Currency Accounts provide flexibility to help you maximise international trade opportunities. We know you need to be able to hold foreign currency balances, receive and make international payments in numerous currencies to meet your global trading requirements.
Find out more in our Guide to Commercial Foreign Currency Accounts (PDF)
If you have excess non-Sterling currency funds which you intend to hold for a period of time, you may wish to review our Currency Deposit Accounts Products which may help to maximise your interest on surplus funds. You can find information on our Currency Deposit Accounts here.
To apply for a Commercial Foreign Currency Account, you should:
|Account Type||Account Maintenance Fee|
|Commercial Foreign Currency Account||£60 per year (fee taken in two instalments of £30 charged either in March/September or April/October)1|
1 The application of the Account Maintenance Fee will depend on the currency of the account being debited. If the fee is being debited from a related GBP sterling account it will be charged in March and September. If the fee is being debited from the Commercial Foreign Currency Account it will be charged in April and October.
Please contact your Relationship Manager to discuss further.
If you are a new customer to Lloyds Bank you will need to open a Sterling business account with us in order to open a Commercial Foreign Currency Account.
CHANGES IN THE EXCHANGE RATE MAY INCREASE THE STERLING EQUIVALENT OF YOUR DEBT. All enquiries for Commercial Foreign Currency Accounts will be referred to a specialist manager who will provide more information about charges for these services upon request.
The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.
Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.
Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.