SEND MONEY ABROAD
Transfer money online in Sterling or foreign currencies
- Send international payments to over 100 countries using Internet Banking.
- Simple and clear FX margins with our Standard FX margin currently 2%.
- No need to open currency accounts in multiple local markets.
- Manage cash flow requirements in advance of payment due dates to enable you to budget accurately.
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:
Express International Moneymover
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**.
Standard International Moneymover
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.
Non-urgent Single Euro Payment Area Service
For planned Euro payments overseas and within the UK. Payments will arrive one business day after your instruction**.
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.
The payment cut-off time is the latest time on a Business Day that we will accept a payment instruction to be processed on that day.
International Payments instructed online through Internet Banking have a cut-off time of 3pm, Monday to Friday. We will process any payment instructions received after the cut-off time on the next Business Day.
Some currencies will require additional processing days; this is the minimum number of Business Days that the payment will take to reach the payee’s bank (excluding the processing day).
You can find details of branch cut-off times and more information on additional processing days in our Payment Transaction brochure.
International payments can be made to your account in either sterling or foreign currency.
For your payment to be transferred as quickly as possible, please ask the overseas bank to follow the instructions below.
How to send the payment - You must instruct the overseas bank to send funds via SWIFT (Society for Worldwide Interbank Financial Telecommunication).
Where to send the payment - Quote Lloyds Bank with the swift code LOYDGB2L (Lloyds Bank is part of Lloyds Banking Group).
Account details you should use - Your account number, sort code of your account, your IBAN (International Bank Account Number) and BIC (Business Identifier Code) of the account you want crediting. These are the same as your sort code and account number but in a format recognized abroad.
You can find your IBAN and BIC by logging on to Internet Banking, selecting an account from “Your Accounts” then clicking on the ‘Show IBAN / BIC’ link.
Visit our International services rates and charges page for information on the costs of receiving international payments including correspondent bank charges.
Frequently asked questions about International Payments
To create a recipient or make an international payment, you’ll need to give us this information:
- the recipient’s name and address (exact full name or company name)
- 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
- the payment currency (for example, US dollars).
Please get this information from your recipient.
You can get an exchange rate illustration by using the Online International Payments calculator, but this will only be an estimate.
Before a payment is confirmed online, the agreed and final rate will be shown.
A SWIFT code is an international bank code that identifies particular banks worldwide. It's also known as a Bank Identifier Code (BIC).
You can find your BIC in Internet Banking under ‘More actions’ and ‘Account Information’.
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.
This is an example of an IBAN for the United Kingdom:
An IBAN has four components and is a mixture of alpha and numeric characters:
- an ISO country code
- bank and branch identifier
- beneficiary account number
- two check digits.
The two check digits in the IBAN help banks verify that your payment details are correct.
You can find your IBAN in Internet Banking under ‘More actions’ and ‘Account Information’.
You 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.
*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.
***Occasionally we may need to carry out essential maintenance, resulting in some interruption to service.
**** SEPA Direct Debits cannot be managed using Online for Business. You will need to contact your creditor directly to inform them that you wish to cancel or transfer your SEPA Direct Debit mandate.
Important Legal Information
Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.
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.
The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.
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.