Inside content area, use arrow keys or tab to access content

Commercial Foreign Currency Account

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.

Why open a Commercial Foreign Currency Account?

  • Choose from a wide range of foreign currencies.
  • Simplify the payment and receipt of foreign currencies.
  • Helps to manage exposure to exchange rate movements.
  • Minimises foreign exchange costs.
  • Transfer money from a Sterling business account to the Commercial Foreign Currency Account.
  • Chequebook available in most major currencies.
  • Overdraft facilities in most major currencies (subject to our normal lending criteria).
  • Simple application process and no minimum balance.

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:

  • already hold a Sterling business account with us
  • require the Commercial Foreign Currency Account for business use
  • be aged 18 or over
  • be a sole trader, partner or director (with authority to borrow on behalf of your business for currency overdraft borrowing applications)

Terms & ConditionsFind out more

Interest RatesFind out more.

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.

On the phone

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.