Limit order

Foreign exchange services:

Lloyds Bank International Foreign Exchange services (Future transfers)

Benefits

  • Set an exchange rate (including a minimum trading rate as a stop loss) for your transaction
  • Arrange a conversion to the required currency when the rate reaches a certain level
  • No commission charges
  • No charges for making international payments online or by phone
  • You can stipulate a date and time range to undertake the limit order

Need to know

  • £100,000 minimum order or currency equivalent
  • Only available to Premier Banking customers
  • You need to have a current or savings account with us to use this service
  • Correspondent and recipient bank charges may apply
  • Penalties may apply, dependent on account withdrawal restrictions
  • A standard Foreign Exchange margin is applied to the booked rate so the rate you receive may be different to the booked rate
  • For your security we may make additional checks before acting on a particular request and may contact you to confirm your instruction
  • For Limit Order services including best way to send funds please speak to your Relationship Manager
  • What is a Limit Order?

    A limit order allows you to exchange currencies in the future when the rate you’ve chosen is reached.

    You can place an order for:

    • A target rate: a rate that's higher than the current market rate
    • A minimum rate: if the exchange rate goes down and reaches your minimum rate (Stop Loss) the transfer will be processed at that rate to minimise / limit potential FX loss

    What is it good for?

    • To make a transfer at a specific rate when the transfer is not required immediately.
    • When the rate you want to achieve is not currently available on the markets.

    How it works

    • You need to have a current or savings account with us to use this service
    • Tell your Relationship Manager the amount you want to transfer (£100,000 minimum or currency equivalent) and how much you want to receive in the new currency.
    • We then work out the exchange rate required to hit this and book this rate as the Limit Order
    • Alternatively you may have a target rate to achieve which you can set as the Limit Order.

    Things you should know

    • Limit orders are not offered for speculative purposes.
    • Exchange rates fluctuate so choosing a Limit Order FX can restrict potential losses but also potential gains. We don't provide advice on rates or limit orders.
  • Transfer Charges

    Limit Order transfers are free of charge. However, correspondent and recipient bank charges may apply.

    Foreign Exchange Charges

    We will not charge any extra fees for using our limit order foreign exchange service.

  • Exchange rates vary throughout the day so for the latest rates please contact your Relationship Manager.

  • Speak to your Relationship Manager

    For Limit Order services including best way to send funds please speak to your Relationship Manager.

    For your security we may make additional checks before acting on a particular request and may contact you to confirm your instruction.

    Register for currency internet banking

Need help?

Call us on:

+44 (0)1539 879740

Mon - Fri 8am - 5pm UK time. Calls may be monitored/recorded.
Or contact your Relationship Manager

International Current Accounts

Current accounts available in Sterling, Euro and US Dollar

International Current Accounts

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