Commercial Foreign Currency Account

If you regularly pay or receive foreign currencies, a Commercial Foreign Currency Account can be an efficient way of managing your international trade activities.

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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.

Why open a Commercial Foreign Currency Account?

  • Choose from a wide range of foreign currencies.
  • Simplify the payment and receipt of foreign currencies.
  • Helps to manage exposure to exchange rate movements.
  • Minimises foreign exchange costs.
  • Transfer money from a Sterling business account to the Foreign Currency Account.
  • Chequebook available in most major currencies.
  • Simple application process with no minimum balance required.

If you have excess non-Sterling currency funds 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:

    • already hold a Sterling business account with us
    • require the Commercial Foreign Currency Account for business use
    • be aged 18 or over
    • be a sole trader, partner or director
  • Account fees

    Account Type

    Account Maintenance Fee

    Account Type

    Commercial Foreign Currency Account

    Account Maintenance Fee

    £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.

International Trade Portal

International trading is a big step forward for your business, but it can be difficult to know how to break into a new market.

International Business

Trading internationally can bring new benefits to your business. We’ll guide you through the next steps.

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

Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.

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.