Foreign Exchange (FX) Margins

We know that making international payments is essential to your business. Our standard FX margins automatically apply on all of your outbound and inbound international payments.

Our FX margin is the difference between the Lloyds Bank exchange rate and the rate at which we buy and sell currency in the wholesale foreign exchange markets1.

Payments below £25,000
For International Payments of £25,000 or less, the Standard margin of 2.60% applies.

Payments above £25,000
For payments over £25,000 the margin will depend on payment amount.

Payment amount

Standard International Payments margins

Payment amount

£0 - £25,000

Standard International Payments margins

2.60%

Payment amount

£25,000 - £50,000

Standard International Payments margins

2.60% - 2.10%

Payment amount

£50,000 - £100,000

Standard International Payments margins

2.10% - 1.60%

Payment amount

£100,000 - £150,000

Standard International Payments margins

1.60% - 1.35%

Payment amount

£150,000 - £250,000

Standard International Payments margins

1.35% - 1.20%

Payment amount

£250,000 - £500,000

Standard International Payments margins

1.20% - 1.10%

Payment amount

£500,000 - £1,000,000

Standard International Payments margins

1.10% - 0.75%

How to calculate margins for payments over £25,000
Log on to Online for Business and use our International Payments calculator to work out how much a payment will cost you.
You’ll also see the cost before you make an International Payment.

If you use Commercial Banking Online (CBO) to manage your accounts, there are 2 new optional columns you can use on the ‘Needs Rate today screen’. These are ‘Conversion cost – FX charges’ and ‘Debit Amount’. You can find out more at cbosupport.lloydsbank.com/whats-new.

FX margin calculator

Our FX calculator can help you gain a better understanding of how much it will cost you to send an International Payment.

£

International Payment margin:
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  • Example 1 – Making an international payment

    You need to make a payment of €1,000 to a supplier in Spain. If the current GBP/EUR wholesale rate is 1.1900 the Lloyds Bank exchange rate applied to that payment would be 1.1591, based on our standard FX margin of 2.60%. This means £862.77 would be debited from your account.2

    Example 2 – Receiving an international payment

    A customer in the United States makes a payment of $35,000 to your GBP account. If the current GBP/USD wholesale rate is 1.2600 the Lloyds Bank exchange rate applied to the incoming payment would be 1.2902, based on our FX margin of 2.40%. This means £27,126.74 would be credited to your account.2

    Example 3 – Inter account transfer

    You need to transfer €65,000 from your EUR account to your GBP account. If the current GBP/EUR wholesale rate is 1.1900 the Lloyds Bank exchange rate applied to that transfer would be 1.2132, based on our FX margin of 1.95%. This means £53,577.10 would be credited to your GBP account.2

Trading internationally

Our business guides can help you with importing, exporting and making and receiving payments within Europe.

Arena

Arena is our comprehensive e-solution for businesses, combining foreign exchange and money markets trading with economic insight.

Internet Banking

Manage your accounts when and where it suits you.

1Different pricing structures apply to debit cards, credit cards and travel money.
2Additional charges may apply

Important legal information

Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278. Telephone: 020 7626 1500

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.