If you regularly pay or receive foreign currencies, a Commercial Foreign Currency Account can be an efficient way of managing your international trade activities.
Our commercial foreign currency accounts provide flexibility to help you maximise international trade opportunities. As you may wish to hold foreign currency balances, receive and make international payments in numerous currencies to meet your global trading requirements.
If you have excess funds in a non GBP currency which you intend to hold for a period of time, you may wish to review our Currency Deposit Accounts Products which may help to maximise your interest on surplus funds. You can find information on our Currency Deposit Accounts here.
To apply for a Commercial Foreign Currency Account, you should:
|Account Type||Account Maintenance Fee|
|Commercial Foreign Currency Account||£60 per year (fee taken in two instalments of £30 charged in March/September or April/October)1|
1 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 Commercial Foreign Currency Account it will be charged in April and October.
Please call us to talk to our business management team. We are available from 8am to 6pm Monday to Friday.
If you are a new customer to Lloyds Bank you will need to open a Sterling business account with us in order to open a Commercial Foreign Currency Account.
International trading is a big step forward for your business, but it can be difficult to know how to break into a new market.
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Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 020 7626 1500.
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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.