International Services Rates and Charges
We offer a variety of ways for you to do business overseas. View a summary of the rates and charges for our international services below.
Information with regard to charges applicable for outward and inward International transactions and Lloyds Bank currency accounts.
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If you are transacting with an overseas contact, there are charges relating to international payments. It is a good idea to agree between the person sending the funds (sender) and the person receiving the funds (receiver) beforehand who pays for the charges relating to the transaction.
Charging options are applicable depending on where the payment is being sent.
If the payment is being sent within the EEA, then the charging option is restricted to SHA (Shared).
If the payment is being sent to a country outside the EEA, then the following options are available to select:
BEN (beneficiary/receiver) – The receiver pays all charges
SHA (shared) – The sender and receiver share the charges. The sender pays their own bank charges. The receiver pays their own bank charges PLUS those of any bank involved in processing the payments.
OUR (remitter/sender) – The sender pays all charges. See Sending and Receiving Money for more information.
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Payments are routed around the world by different banks, and only rarely is one bank involved from start to finish for a particular transaction.
When the sending Bank doesn’t have a relationship with Lloyds Bank, payments will be sent via another Bank known as the ‘Intermediary’ or ‘Correspondent Bank’, to help them get the funds to the right beneficiary.
The Correspondent Banks apply charges for their services which may be deducted from the original amount before Lloyds Bank receives the payment.
Lloyds Bank has no control or visibility over which route these payments take or the charges that are deducted.
Please be aware that Correspondent Bank charges will vary from Bank to Bank. Each Bank is responsible for setting their own charges.
In addition to these charges there may also be exchange rate fluctuations which impact the final Sterling amount.
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For more detailed information on our Foreign Currency Accounts & Euro Current Account interest rates, please visit our interest rates page.
Euro Current Accounts
Euro Current Accounts
Transaction Type
Charges
Transaction Type
Account Maintenance Fee
Charges
£24 per year (fee taken in two installments of £12 charged either in March/September or April/October)3
Transaction Type
Foreign banknotes paid in or out (i.e. foreign banking)2
Charges
£2 per £100; minimum £3; plus £10 administration fee
Transaction Type
Euro cheques drawn in UK and paid into your account
Charges
Transaction Type
Currency cheques for Sterling cheques drawn abroad and paid into your Euro account
Charges
Domestic Euro transaction (both paying and collecting banks are UK-based)
Transaction Type
Charges
Transaction Type
Euro cheques issued from your Euro account
Charges
59p
Transaction Type
Euro cheques paid into your Euro account
In addition, charge levied for creditCharges
27p
70pForeign Currency Accounts
Commercial Foreign Currency Accounts
Transaction Type
Charges
Transaction Type
Account Maintenance Fee
Charges
£60 per year (fee taken in two installments of £30 charged either in March/September or April/October)3
Transaction Type
Foreign banknotes paid in or out (i.e. foreign banking)4
Charges
£2 per £100; minimum £3; plus £10 administration fee
Transaction Type
Currency cheques or Sterling cheques drawn abroad and paid into your currency account
Charges
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Negotiations
Negotiations
Transaction Type
Charges
Transaction Type
Cheques/drafts (including dividend warrants) payable:
- in foreign currency or Sterling drawn abroad; or
- in foreign currency drawn in the UK (See below for exceptions)5
Charges
Up to £100 – £5
Over £100 – 25p per £100
Minimum £8,
maximum £80
Charges as per countryTransaction Type
Cheques/drafts payable in a different currency from the country where they are drawn
(excluding items expressed in Sterling or drawn in the UK)Charges
Up to £100 – £5
Over £100 – 25p per £100
Minimum £15,
maximum £80
Charges as per chequeTransaction Type
Unpaid charge (if the cheque/draft is not honoured by the paying bank)
Charges
£5
Collection
Collection
Transaction Type
Charges
Transaction Type
Cheques/drafts (including dividend warrants)
Charges
Up to £100 – £5
Over £100 – 25p per £100
Minimum £15, maximum £80
Note: Fee to be taken whether item is paid or unpaid -
Status enquiries
Transaction Type
Charges
Transaction Type
Status enquiries abroad
If sent electronicallyCharges
£20
Additional £10 -
These charges apply when requests are made after an international payment has been sent abroad.
Post payment charges
Transaction Type
Charges
Transaction Type
Amendments6
Charges
£5 per message
Transaction Type
Beneficiary claiming non-receipt of funds (BCNR) query
Charges
£5 per chaser after the first one which is free of charge
Transaction Type
Recalling a payment7
Charges
£20 per payment
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1 For non-urgent Euro (SEPA) you must provide a Bank Identifier Code (BIC) and International Bank Account Number (IBAN).
2 Where the cash is in a different currency from the account, we'll let you know the appropriate rate of exchange at the time of the transaction.
3 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 Foreign Currency Account it will be charged in April and October.
4 If the cash is in a different currency from the account, we'll let you know the appropriate rate of exchange at the time of the transaction.
5 For Euro cheques drawn in the UK, please refer to tariff for domestic Euro transactions.
6 Amendments are only allowed on International Moneymover (Standard and Express). They are amendments you want to make on the beneficiary details and/or the amount of payment after it is sent.
7 If the payment has already been credited into the beneficiary's account using International Moneymover, we can only recall it subject to the beneficiary's agreement. The charge will be taken whether the payment can or cannot be recalled. If a payment is recalled, the amount returned will be calculated according to the exchange rate on the day it is credited into your account. In the case of cancelling a draft, your business may be asked to sign a counter indemnity which allows us to debit the account if money is paid out.