International Payments

Transfer money securely around the world. Make International Payments online, over the phone or in branch.

Key features and benefits

  • Secure bank-to-bank transfers
  • Send and receive money in most major currencies
  • Transparent upfront fees
  • Schedule payments in advance
  • Option to store details for repeat payments
  • Make payments 24 hours a day1
 

Do you pay your invoices in Sterling?

Paying invoices in your suppliers’ local currency could reduce cost and speed up the process.  Here’s more information about how swapping from Sterling to local currency could make international payments easier, faster and cheaper.

Do you pay your invoices in Sterling?

Paying invoices in your suppliers’ local currency could reduce cost and speed up the process.  Here’s more information about how swapping from Sterling to local currency could make international payments easier, faster and cheaper.

What we’ll need to know

Please get the following information from your recipient:

  • The recipient’s exact full name (or company name) and address
  • The recipient’s IBAN (International Bank Account Number) or account number
  • The name and address of the recipient’s bank – including the BIC (Business Identifier Code)/SWIFT code, and/or the clearing code.

  • Our Payment Charges

    Our Payment Charges

    Transaction type

      

    Sent via

      

    Charges

      

    Transaction type  

    International payment

    Sent via  

    Internet banking

    Charges  

    £15

    Transaction type  

    Express International Moneymover

    Sent via  

    Branch

    Charges  

    £28

    Transaction type  

    Standard International Moneymover

    Sent via  

    Branch

    Charges  

    £21

    Transaction type  

    Non-urgent Euro (SEPA)2

    Sent via  

    Branch

    Charges  

    £5

    Transaction type  

    Correspondent Bank Fee What is this?

    Sent via  

    Zone 1 (USA, Canada and Europe (non-EEA))

    Charges  

    £12

    Transaction type  

    Correspondent Bank Fee – Zone2

    Sent via  

    Zone 2 (Rest of the world)

    Charges  

    £20

    Transaction type  

    Electronic payments received from abroad

    Sent via  

    N/A

    Charges  

    Up to £100 (£2)
    Over £100 (£7)

    There is no charge for euro payments received from the EEA. If a payment received is in a different currency or is received from a country outside of the EEA, this fee will be charged.

    Transaction type  

    Post payment charges-Cancellations3 , amendments4 and status requests

    Sent via  

    N/A

    Charges  

    £20 applicable to all payment types

    FX Margin

    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.

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

    For payments above £25,000 please see more detail on our FX margin pricing here; https://www.lloydsbank.com/business/fx-margins.html

    More information on the rate and charges 

    Correspondent Bank Charges

    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 Bank apply charges for their services which may be deducted from the original amount before Lloyds Bank receives the payment.

Receive an International Payment

Please ask the overseas bank to follow the instructions;

  • Send funds via SWIFT (Society for Worldwide Interbank Financial Telecommunication)
  • Quote Lloyds Bank with the swift code LOYDGB2L
  • Use the account number, sort code, IBAN and BIC of the account you want crediting.

Helpful Guides

Details needed to make payments in and out of Europe

Find out how to make an international payment

More about International Payments

What is a BIC?

A Business Identifier Code (BIC) is an international bank code that identifies particular banks worldwide. It's also known as a SWIFT code. You can find your BIC in Online for Business under 'More actions' and 'Account Information‘.

What is an IBAN?

IBAN stands for ‘International Bank Account Number.’ IBANs identify banks according to international agreement. IBANs are mandatory for EU (European) and EEA (European Economic Area) countries. Each country has a different number of characters in their IBANs. You can find your IBAN in Online for Business under ‘More actions’ and ‘Account Information’.

When can I make an International Payment?

International Payments instructed through Online for Business have a cut-off time of 3pm, Monday to Friday. We’ll process any payment instructions received after the cut-off time on the next Business Day.

Find more information on additional processing days in our Payment Transaction (PDF, 130KB) brochure.

Make an International Payment

Send money abroad efficiently, through Online for Business, or on our Business Banking Mobile app.

If you aren’t registered, register now.

Log on to make a payment

Logon for clients registered for Commercial Banking online (CBO)

Other International Payments options

Foreign currency accounts

Payment on the phone or in branch

On the phone

0345 072 5555

We are available Monday to Friday, 7:00am – 8:00pm; Saturday, 9.00am – 2.00pm, excluding UK Public Holidays.

In branch

Visit your local branch for information.

Find your nearest branch

1You can make a payment 24 hours a day, 7 days a week, but it will only be processed during normal banking hours. Money will only be taken from your account once we have processed your payment. Payments made before 3pm on a business day will be debited that same day. For payments made on or after 3pm on a business day, or at any time on a non-business day, your account will be debited on the next business day. Occasionally we may need to carry out essential maintenance, resulting in some interruption to service<

2For non-urgent Euro (SEPA) you must provide a Bank Identifier Code (BIC) and International Bank Account Number (IBAN).

3If 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.

4Amendments 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.

Lloyds Banking Group is a financial services group that incorporates a number of brands including Lloyds Bank. More information on Lloyds Banking Group can be found at lloydsbankinggroup.com.