What is a money transfer?
Exploring one of the ways you can use your credit card.
Why is a money transfer useful?
A closer look at money transfers
You may be charged a money transfer fee
This fee is usually a small percentage (up to 5.00%) of the amount you’re transferring into your current account. You’ll most likely be charged each time you make a money transfer.
You’ll also pay interest, but the rate can vary
If you get a promotional interest rate but don’t clear your balance before it finishes, you’ll move onto your standard money transfer rate. The sooner you clear your balance, the less interest you’re likely to pay.
You can’t transfer to a foreign account, or one that isn’t yours
Any money transfer must always be sent directly to a UK current account in your name.
The minimum amount you can transfer is £100
The maximum amount varies from person to person, depending on your credit limit and your credit available at the time.
How to make a money transfer with us
So you can make an informed decision, we will always tell you up front what fees and interest rate you’ll be paying. If you’re an existing customer, log on to Internet Banking or the Mobile Banking app to see your money transfer offers.
If you’d prefer, you can also call PhoneBank® to access and manage your account.
0345 602 1997 (+44 1733 347 007 from outside the UK). Lines are open 24/7 and our advisers are available from 7am to 11pm if you'd like more information.
Frequently Asked Questions
Once approved, the transfer usually arrives on the next working day.
The minimum money transfer is usually £100. The maximum amount is usually 93% of your credit limit.
Remember, you may pay an interest rate and fee each time you complete a money transfer.
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.