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 markets^1.

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%

I would like to send a payment of:

£

International Payment margin:
##margin##%

Examples expandable section

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

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