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International payments

From payroll to procurement, send money in multiple currencies, with speed and transparency.

Send and receive international payments

International business payments

Move money globally. Smooth. Fast. Reliable.

Fast international payments to keep your business moving​.

Make payments to over 200 destinations in 60 currencies​.

Trusted to move money globally, securely.

Make payments easily on your phone, tablet or desktop.

Why choose Lloyds?

 
  • Pay in the currency that works for your business, from USD to EUR to South Korean Won and Malaysian Ringit.
  • Flexible charging options so you can choose what works for you.
  • We’re extending our cut off times over the coming months.
  • Beneficiary management - add, edit, and reuse recipient details quickly and securely.
 

If you’re paying invoices in sterling

Paying in the local currency can help you:

  • Reduce cost by avoiding FX fluctuations
  • Keep your outgoings predictable
  • Speed up payments securely

We’ll handle the rest so your payment is received on time.

  • If you have international supply chains, then you’ll be accustomed to receiving invoices from your suppliers abroad.

    While it might seem simpler to pay them in Sterling, did you know that you might be able to get a better deal by paying the invoice in your supplier’s local currency?

    If you pay in Sterling, here are some questions to consider:

    Do you know whether your supplier includes a margin within the invoice to protect themselves against movements in currency between the invoice date and the payment date? If they do, do you know what that margin is?

    Do you know how much the overseas bank charges to convert the payment into local currency? And if the currency moves in your favour, will your supplier adjust this margin in response?

    By sending Sterling overseas, you could be paying more than you need to.

    Paying in the local currency through Lloyds Bank can reduce costs, remove barriers and speed up the process.

    We can help you understand the cost implications of using Sterling, and provide insights into paying beneficiaries abroad.

    How does this work in practice? Let’s take a closer look.

    Let’s say a supplier in the United States invoices you for $100,000.

    You have two options – either pay in Sterling or in US Dollars.

    If you choose to pay in Sterling, it’s likely that the supplier will add a buffer to protect themselves against any movement in currency. The supplier’s bank will also add a margin for converting Sterling into the local currency.

    With the buffer and margin combined, the overall bill may be larger than if you’d have sent the money in the supplier’s local currency.

    However, if you pay the invoice in the local currency – in this example US Dollars – then you could reduce your costs.

    We will only apply the Lloyds Bank standard foreign exchange – or FX – margin to your payment.

    This means that in this particular example, if you pay in the supplier’s local currency, the cost is over £4,000 cheaper than if you’d have paid in Sterling.

  • Pay in the currency that works for your business, from USD to EUR to South Korean Won and Malaysian Ringit.
  • Flexible charging options so you can choose what works for you.
  • We’re extending our cut off times over the coming months.
  • Beneficiary management - add, edit, and reuse recipient details quickly and securely.

If you’re paying invoices in sterling

Paying in the local currency can help you:

  • Reduce cost by avoiding FX fluctuations
  • Keep your outgoings predictable
  • Speed up payments securely

We’ll handle the rest so your payment is received on time.

  • If you have international supply chains, then you’ll be accustomed to receiving invoices from your suppliers abroad.

    While it might seem simpler to pay them in Sterling, did you know that you might be able to get a better deal by paying the invoice in your supplier’s local currency?

    If you pay in Sterling, here are some questions to consider:

    Do you know whether your supplier includes a margin within the invoice to protect themselves against movements in currency between the invoice date and the payment date? If they do, do you know what that margin is?

    Do you know how much the overseas bank charges to convert the payment into local currency? And if the currency moves in your favour, will your supplier adjust this margin in response?

    By sending Sterling overseas, you could be paying more than you need to.

    Paying in the local currency through Lloyds Bank can reduce costs, remove barriers and speed up the process.

    We can help you understand the cost implications of using Sterling, and provide insights into paying beneficiaries abroad.

    How does this work in practice? Let’s take a closer look.

    Let’s say a supplier in the United States invoices you for $100,000.

    You have two options – either pay in Sterling or in US Dollars.

    If you choose to pay in Sterling, it’s likely that the supplier will add a buffer to protect themselves against any movement in currency. The supplier’s bank will also add a margin for converting Sterling into the local currency.

    With the buffer and margin combined, the overall bill may be larger than if you’d have sent the money in the supplier’s local currency.

    However, if you pay the invoice in the local currency – in this example US Dollars – then you could reduce your costs.

    We will only apply the Lloyds Bank standard foreign exchange – or FX – margin to your payment.

    This means that in this particular example, if you pay in the supplier’s local currency, the cost is over £4,000 cheaper than if you’d have paid in Sterling.

How much does it cost?

View our rates and charges, calculate FX margins and check if any correspondent bank charges apply.

  • 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)1

    Sent via  

    Branch

    Charges  

    £5

    Transaction type  

    Correspondent Bank Fee - Zone 1 What is this?

    (USA, Canada, Switzerland, Monaco, San Marino, Jersey, Guernsey and Isle of Man)

    Sent via  

    All channels

    Charges  

    £12

    Transaction type  

    Correspondent Bank Fee – Zone 2

    (Rest of the World, excluding the UK, the EEA, select currencies (please refer to the Payment Transaction Brochure (PDF, 94KB)))

    Sent via  

    All channels

    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-Cancellations2, amendments3 and status requests

    Sent via  

    N/A

    Charges  

    £20 applicable to all payment types

    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.

  • Our FX margin is the difference between the Lloyds Bank exchange rate you pay and the rate available to us when we obtain these currencies. The rate available to us will depend on a variety of factors such as where we source the rates from, timing of the transaction and whether we hold the rate for you. The rate you achieve is likely to be different from rates quoted elsewhere.

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

    For payments above £25,000 view our FX margin pricing.

    More information on the rate and charges

Send and receive international payments

Make international payments online or in branch to transfer money securely around the world.

Online banking

Log in to make an international payment.

Log in to Online for Business

Log in to Commercial Banking Online

Help making an international payment

 

Mobile Banking app

Scan to download our app

  • Easy to use
  • Make international money transfers on the move
  • Add new or manage existing beneficiaries
Set up the app

Online banking

Log in to make an international payment.

Log in to Online for Business

Log in to Commercial Banking Online

Help making an international payment

Mobile Banking app

Scan to download our app

  • Easy to use
  • Make international money transfers on the move
  • Add new or manage existing beneficiaries
Set up the app

Sending a payment

From the recipient you’ll need:

  • 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.

Certain countries may require additional details.

How to find the codes

Receiving a payment

Ask the overseas bank to:

  • 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.

Guide to making an international payment

Read the guide

Cut off times for international payments

Payment transaction brochure (PDF, 94KB)

More support

INCOTERMS explained

Grow your business internationally

All international trade guides

Frequently asked questions

1For non-urgent Euro (SEPA) you must provide a Bank Identifier Code (BIC) and International Bank Account Number (IBAN).

2If 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.

3Amendments 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.