Making payments across borders and time zones ought to be straight-forward – and it is. Whether you are making online payments in Sterling or in foreign currencies you can expect:
To make regular payments in Euros, SEPA direct debits could be the most efficient solution.
If you have a foreign currency account or if you prefer to make your international payments at a branch, there are four ways to do it:
The quickest way of sending payments abroad, including in Euros, provided the beneficiary’s bank is in the European Economic Area (EEA)*.
Payments in Euros can take one business day to arrive at the beneficiary’s bank, but will usually arrive on the business day on which we receive your instructions**.
Payments in other currencies, including Sterling, may take up to four business days to arrive at the beneficiary’s bank, but usually arrive within two to three business days of your instruction**.
For sending non-Euro payments abroad. Payments in Sterling can take a maximum of 4 days to arrive with the beneficiary’s bank, but normally arrive within two business days*. Payments in EEA currencies, other than Euro, can take up to four business days to arrive at the beneficiary’s bank, provided the beneficiary’s bank is in the EEA**. Payments outside the EEA and/or in non-EEA currencies can take up to five business days to arrive at the beneficiary’s bank.
For planned Euro payments overseas and within the UK. Payments will arrive one business day after your instruction**.
Have a bank cheque in Sterling or foreign currency issued directly to you, made payable to the person or company who receives the funds.
International Payments are converted using the Lloyds Bank exchange rate. The Lloyds Bank exchange rate is based on the rate at which we buy and/or sell currency in the wholesale markets plus a percentage FX margin.
To find out about our latest FX margins, please click the link below.
International trading is a big step forward for your business, but it can be difficult to know how to break into a new market.
*EEA is the European Economic area, it includes: Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK.
**Instructions made by bank form or letter may take an additional business day.
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.
Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 020 7626 1500.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.
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.