Send money outside the UK or in a foreign currency

You can do this online

  • Fee-free euro payments. Other charges may apply.
  • Simple repeat payments, up to £100,000.
  • Over 30 currencies to choose from.

Lloyds will never tell you to:

  • move money to another account 
  • move your money or ask you to transfer money to a new sort code and account number.

How to keep your money safe

Steps to take

We’ll guide you through it.

    1. Log in and select your account, then the three-dot menu.
    2. Choose ‘Send money abroad’, then select the account you want to send money from.
    3. Select to either ‘Pay someone new’ or ‘Pay someone again’.
    4. Select the recipient’s country and enter their full details.
    5. Tell us how much you’d like to send and review the payment details before you confirm them. 
    6. We might ask you to enter your password and if you're paying someone new, we'll do some extra security checks. 

    1. Log in and select 'More actions' from your account.
    2. Choose 'Payments and transfers'. Then select 'Send money outside the UK'.
    3. Select to either ‘Pay someone new’ or ‘Pay someone again’.
    4. Select the recipient’s country and enter their full details.
    5. Tell us how much you’d like to send and review the payment details before you confirm them.
    6. We might ask you to enter your password and if you're paying someone new, we'll do some extra security checks. 

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Let’s look at the details

  • Sending money to the EEA and UK

    • The recipient's full name and address.
    • The recipient's IBAN.
    • The recipient's Swift/BIC.

    Sending money to the rest of the world

    • The recipient's full name and address.
    • The recipient's IBAN.
    • The recipient's Swift/BIC.
    • Name and address of the recipient's bank.
    • Clearing code.
    • Reason for your payment.

    IBAN, BIC and SWIFT codes

    IBAN and BICs are details that help banks identify the correct account when money is sent internationally. They're mandatory in certain countries.

    What is an IBAN?

    IBAN stands for ‘International Bank Account Number'. An IBAN identifies a specific bank account. Each country has a different number of characters in their IBANs.

    This is an example of an IBAN for the United Kingdom:

    GB29NWBK60161331926819.

    Which countries do I need a BIC/SWIFT and an IBAN for?

    We need you to give us a BIC/SWIFT and IBAN when sending payments to the following countries:

    All EU and EEA countries:

    Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Guernsey, Hungary, Iceland, Republic of Ireland, Italy, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, The Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden

    As well as the following countries:

    Albania, Andorra, Bahrain, Faroe Islands, Georgia, Gibraltar, Greenland, Isle of Man, Israel, Jordan, Kosovo, Kuwait, Lebanon, Macedonia, Montenegro, Moldova, Monaco, Pakistan, Palestine, Qatar, San Marino, Saudi Arabia, Serbia, Switzerland, Tunisia, Turkey, Ukraine and United Arab Emirates.

    Before sending money outside the UK

    Make sure you’re sending it to someone you know or have looked into and trust. 

    If a payment turns out to be fraudulent, it’s very hard for you to get your money back. This is because paying directly into a bank account is like handing over cash – which is hard to trace. 

  • Limits

    The minimum payment amount is £1.01, no matter how you make the payment.

    You can make payments up to the following amounts:

    Channel

    Limit

    Channel

    Online

    Limit

    Send up to £100,000 per day in the app or online banking.

    Channel

    In a branch

    Limit

    There is no maximum limit.

    Channel

    Telephone Banking

    Limit

    Send up to £10,000 through Telephone Banking.

    Timescales

    You can make a payment 24 hours a day, 7 days a week, but we'll only process it during normal banking hours.

    When the money will leave your account

    Money will only be taken from your account once we've processed your payment.

    • If you make your request before 3pm on a working day, the payment will be made the same day.
    • If you make a payment in euro in a branch or over the phone, there may be an earlier cut-off time of 2pm.
    • We process requests made after 3pm on the next working day.
    • We process requests made on bank holidays and weekends on the next working day.

    For example, if you request the payment at 3.30pm on a Friday, we won't process it until the following Monday.

    Make sure you keep enough money in your account to cover your payment amount. Otherwise we won’t be able to make the payment and it'll be cancelled. Also be aware of any other payments due that day that will reduce your balance, such as direct debits, standing orders and debit card payments. 

    When the money will reach the recipient

    The following table gives you information about the time the payment will take to reach the recipient's bank. These timescales apply if you've requested the payment on a working day before the cut-off time:

    Information about the time the payment will take to reach the recipient's bank

    Currency and destination

    Delivery times

    Currency and destination

    Payments in euro to the UK, an EEA country, Monaco, Switzerland or San Marino.

    Delivery times

    No later than the next working day.

    Currency and destination

    Payments in any other EEA currency, pounds sterling or Swiss francs to another EEA country.

    Delivery times

    No later than four working days.

    Currency and destination

    Any currency to North America, Canada, South Africa, Australia, New Zealand, the Middle East and the Far East.

    Delivery times

    Should take no longer than four working days.

    Currency and destination

    Any currency to any other country.

    Delivery times

    Should take no longer than five working days.

    Currency and destination

    SEPA Direct Debit Scheme.

    Delivery times

    On the date we've been given for payment unless this is a public holiday in the other bank’s country. In that case, this will be on the next working day.

  • Our fees

    Payment Charges

    Type of payment

    Fee

    Type of payment

    Payments in euro from your account.

    Fee

    No fee

    Type of payment

    All other payments from your account.

    Fee

    £9.50**

    **This fee won't apply to payments:

    • sent in pounds from our Basic Account
    • from an account held with Lloyds Bank Corporate Markets plc
    • sent in any currency other than pounds from a Mayfair Private Banking Service account.

    Other fees

    When you send money using online banking or the app, the payment will always be sent using the shared charging option. This means you’ll only pay our £9.50 fee and the person you’re sending money to will pay any other fees. This could include money deducted from the payment by an agent bank and the bank you’re sending money to.

    For payments made in a branch or over the phone and being sent outside the UK or EEA, you can arrange for the full amount to be received by the recipient’s bank. The recipient’s bank may still charge a fee before they pay the money into the recipient’s account. To send a payment this way in a branch or over the phone, you’d pay our £9.50 fee and the Correspondent Bank fee in the following section.

    Correspondent Bank Fee:

    • Zone 1 - USA, Canada and Europe (non-EEA) - £12.
    • Zone 2 - rest of the world - £20.

  • You can use the online payment calculator to see our standard exchange rate, which may change depending on how much you send.

    If you enter an amount without selecting a recipient or without entering a new recipient, we’ll only show you a payment illustration. 

    If you select a recipient or enter a new recipient first, you can continue your payment with the exchange rate displayed.

    We’ll show you the final payment details and exchange rate before you confirm your payment. 

    Our standard exchange rate includes a margin, which you can see by using our margin calculator. The margin changes depending on how much you send.

    The margin is the difference between our standard exchange rate and the wholesale rate at which we buy and sell currency in the foreign exchange markets. 

    If you hold a Mayfair Private Banking Service account, you may receive a different standard exchange rate and margin. Contact your Private Banking Manager for more details.

    Margin calculator

    This calculator indicates the margin we apply when you send money outside the UK or in a foreign currency.

     

    I would like to send a payment of:

    £

    Payment margin:
    ##margin##%

    For example:

    You need to make a payment of €1,000 to Spain. If the current GBP/EUR wholesale rate is 1.1900, the Lloyds standard exchange rate applied to your payment would be 1.1478. This is based on our current margin of 3.55%. In this example, you’ll pay £871.23 to send €1,000 to Spain.

    A live wholesale rate is used to calculate the standard exchange rate. Together with the percentages outlined in the previous table, the information is indicative, for information only and can change at any time. 

    Our margins
    Standard Exchange Rate

    Payment value in pounds

    Current margin for sending money outside the UK or in a foreign currency

    Payment value in pounds

    0 to £10,000

    Current margin for sending money outside the UK or in a foreign currency

    3.55%

    Payment value in pounds

    £10,000 to £50,000

    Current margin for sending money outside the UK or in a foreign currency

    3.55% to 2.40%

    Payment value in pounds

    £50,000 to £100,000

    Current margin for sending money outside the UK or in a foreign currency

    2.40% to 2.10%

    Payment value in pounds

    £100,000 to £250,000

    Current margin for sending money outside the UK or in a foreign currency

    2.10% to 1.50%

    Payment value in pounds

    £250,000 and above

    Current margin for sending money outside the UK or in a foreign currency

    1.50%

  • You can send payments overseas in pounds.

    Most bank accounts are held in the currency of that country - for example, Canadian dollar accounts in Canada. This means the recipient bank would have to change a payment into foreign currency to be able to pay it into the recipient’s account. 

    If you send pounds, you may not know what exchange rate will be used by the receiving bank when the money arrives or exactly how much money the recipient will get.  If we convert your payment into foreign currency before you send it, we’ll tell you our exchange rate at the time you request your payment. This means you'll know exactly how much foreign currency is being sent, even if you make your payment request after the cut-off time. 

    If the account overseas is in pounds, you have a special arrangement to send pounds or you would just prefer to, then you should send it in pounds.

  • If you've used the wrong details to make a payment

    Call us as soon as possible and we’ll talk you through your options. 

    We won’t charge you a fee, but other banks involved may do.

    If you think you've been scammed

    If you think you've been scammed, get in touch with us. We can then guide you on what to do next.

    If you want to cancel the payment

    Give us a call if you want to cancel a payment.

    We can’t guarantee that we’ll be able to cancel the payment. If we are able to cancel it for you, you may lose money through the differences in exchange rates.

    If the recipient says they haven't received your payment

    Review our timescales and if you need help, give us a call.

    They can review the Payment Tracking system and talk you through your options. Be aware that if we need to trace your payment, we won’t charge you a fee, but other banks involved may do.

  • As part of their regulations, banks in certain countries need a valid reason for payment code - also known as purpose of payment codes.

    The following table contains a list of valid reasons for payment. Choose a code and copy it into the payment “Reference” field if you're making a payment to one of these countries.

    You must make sure you give a reason for payment code to avoid any delay.

    Bahrain

     

    Code

    Purpose

    Code

    GDE

    Purpose

    Goods sold (Exports in fob value)

    Code

    GDI

    Purpose

    Goods bought (Imports in cif value)

    Code

    STS

    Purpose

    Sea Transport

    Code

    ATS

    Purpose

    Air Transport

    Code

    OTS

    Purpose

    Other methods of transport (including Postal and courier services)

    Code

    STR

    Purpose

    Travel

    Code

    GMS

    Purpose

    Processing repair and maintenance services on goods

    Code

    SCO

    Purpose

    Construction

    Code

    INS

    Purpose

    Insurance services

    Code

    FIS

    Purpose

    Financial services

    Code

    IPC

    Purpose

    Charges for the use of intellectual property royalties

    Code

    TCS

    Purpose

    Telecommunications services

    Code

    ITS

    Purpose

    Computer services

    Code

    IFS

    Purpose

    Information services

    Code

    RDS

    Purpose

    Research and development services

    Code

    PMS

    Purpose

    Professional and management consulting services

    Code

    TTS

    Purpose

    Technical, trade-related and other business services

    Code

    PRS

    Purpose

    Personal, cultural, audiovisual and recreational services

    Code

    IGD

    Purpose

    Dividends intragroup

    Code

    IID

    Purpose

    Interest on debt intragroup

    Code

    PIP

    Purpose

    Profits on Islamic products

    Code

    PRR

    Purpose

    Profits or rents on real estate

    Code

    DOE

    Purpose

    Dividends on equity not Intragroup

    Code

    ISH

    Purpose

    Income on investment funds shares

    Code

    ISL

    Purpose

    Interest on securities more than a year

    Code

    ISS

    Purpose

    Interest on securities less than a year

    Code

    IOL

    Purpose

    Income on loans

    Code

    IOD

    Purpose

    Income on deposits

    Code

    GOS

    Purpose

    Government goods and services embassies etc

    Code

    GRI

    Purpose

    Government related income taxes, tariffs, capital transfers, etc

    Code

    CHC

    Purpose

    Charitable Contributions (Charity and Aid)

    Code

    FAM

    Purpose

    Family Support (Workers’ remittances)

    Code

    SAL

    Purpose

    Salary (Compensation of employees)

    Code

    PPA

    Purpose

    Purchase of real estate abroad from residents

    Code

    PPL

    Purpose

    Purchase of real estate in Bahrain from non-residents

    Code

    CEA

    Purpose

    Equity and Investment fund shares for the establishment of new company from residents abroad, equity of merger or acquisition of companies abroad from residents and participation to capital increase of related companies abroad

    Code

    DSF

    Purpose

    Debt instruments Intragroup foreign securities

    Code

    REL

    Purpose

    Reverse equity share in Bahrain

    Code

    RDL

    Purpose

    Reverse debt instruments in Bahrain

    Code

    FSA

    Purpose

    Equity other than investment fund shares in not related companies abroad

    Code

    FIA

    Purpose

    Investment fund shares foreign

    Code

    DSA

    Purpose

    Purchases and sales of foreign debt securities in not related companies-Less than a year

    Code

    DLA

    Purpose

    Purchases and sales of foreign debt securities in not related companies-More than a year

    Code

    FDA

    Purpose

    Financial derivatives foreign

    Code

    DLF

    Purpose

    Debt Instruments Intragroup loans, deposits foreign (above 10% share)

    Code

    AFA

    Purpose

    Receipts or payments from personal residents bank account or deposits abroad

    Code

    SLA

    Purpose

    Loans - Drawings or Repayments on loans extended to nonresidents-Short-term

    Code

    LLA

    Purpose

    Loans - Drawings or Repayments on loans extended to nonresidents-Long-term

    Code

    LEA

    Purpose

    Leasing abroad

    Code

    RFS

    Purpose

    Repos on foreign securities

    Code

    TCR

    Purpose

    Trade credits and advances receivable

    Code

    CEL

    Purpose

    Equity and Investment fund shares for the establishment of new company in Bahrain from non-residents, equity of merger or acquisition of companies in Bahrain from non-residents and participation to capital increase of related companies from non-residents in Bahrain

    Code

    LDS

    Purpose

    Debt instruments intragroup securities in Bahrain

    Code

    REA

    Purpose

    Reverse equity share abroad

    Code

    RDA

    Purpose

    Reverse debt instruments abroad

    Code

    FSL

    Purpose

    Equity other than investment fund shares in not related to companies in Bahrain

    Code

    FIL

    Purpose

    Investment fund shares in Bahrain

    Code

    DSL

    Purpose

    Purchases and sales of securities issued by residents in not related companies-Less than a year

    Code

    DLL

    Purpose

    Purchases and sales of securities issued by residents in not related companies-More than a year

    Code

    FDL

    Purpose

    Financial derivatives in Bahrain

    Code

    LDL

    Purpose

    Debt Instruments Intragroup loans, deposits in Bahrain (above 10% share)

    Code

    AFL

    Purpose

    Receipts or payments from personal non residents bank account in Bahrain

    Code

    SLL

    Purpose

    Loans - Drawings or Repayments on foreign loans extended to residents - Short-term

    Code

    LLL

    Purpose

    Loans - Drawings or Repayments on foreign loans extended to residents - Long-term

    Code

    LEL

    Purpose

    Leasing in Bahrain

    Code

    RLS

    Purpose

    Repos on securities issued by residents

    Code

    TCP

    Purpose

    Trade credits and advances payable

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Further help with payments

Understand regular payments, share your bank details or pay in a cheque on your phone.

Read our payment guides

Further help with payments

Understand regular payments, share your bank details or pay in a cheque on your phone.

Read our payment guides