Spot Foreign Exchange

Foreign exchange services:

Lloyds Bank International Foreign Exchange services (One-off transfers)

Benefits

  • Immediate conversion from one currency to another at the current exchange rate
  • No commission charges
  • No minimum transfer required
  • No charges for making international payments online or by phone

Things you should be aware of

  • 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
  • Lloyds Bank do not charge for Foreign Exchange services, however some Recipient and Corresponding banks may charge a fee for receiving payments
  • Where payments involve moving money from one currency to another and the exchange rate has not been booked Changes in rates of exchange may occur and cause the value of the payment to go up or down
  • What is Spot Foreign Exchange?

    • An immediate conversion which is sent through an International Money Transfer.
    • A spot transaction allows you to exchange one currency for another at the current exchange rate with settlement typically within 2 working days.

    In most cases we can quote the Foreign Exchange rate and convert the funds immediately. If you are transferring funds outside Lloyds Banking Group the delivery time will depend on the speed of the receiving bank.

    What is it good for?

    • Transferring money straight away in different currencies.
    • Buying goods online in different currencies.

    How it works

    • You need to have a current or savings account with us to use this service
    • Moving money using Spot Foreign Exchange can be done quickly through international money transfers or internal transfers free of charge. However, correspondent and recipient bank charges may apply.
  • Transfer Charges

    There is no charge for making or receiving international payments. However, correspondent and recipient bank charges may apply.

    Transfers from your international accounts to your other accounts with Lloyds Banking Group are free of charge.

    Foreign Exchange Charges

    There are no foreign exchange charges for our Spot FX services.

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

    From the UK: 03457 449 900

    From outside the UK: +44 (0) 1539 736 626

    There may be limits on payments you can make and we may not be able to start processing all payments instructed out of normal banking hours. Calls may be monitored and recorded in case we need to check we have carried out your instructions correctly and to help us improve our quality of service. Call costs may vary depending on your service provider.

  • Online via Currency Internet Banking

    You can make Spot Foreign Exchange money transfers online via our Currency Internet Banking service. This service is available for the following international accounts:

    • International current account in Euro and US Dollar (current accounts in Sterling are excluded).
    • Savings accounts in all currencies (Bonus Saver and Incentive Saver). Penalties may apply when making currency transfers, depending on account withdrawal restrictions.

    We don’t charge for Spot Foreign Exchange transfers but recipient and corresponding banks may charge a fee for receiving payments.

    Over the phone via PhoneBank

    From the UK: 03457 449 900

    From outside the UK:+ 44 (0) 1539 736 626

    There may be limits on payments you can make and we may not be able to start processing all payments instructed out of normal banking hours. Calls may be monitored and recorded in case we need to check we have carried out your instructions correctly and to help us improve our quality of service. Call costs may vary depending on your service provider.

    In writing

    Send your request in writing to:

    Lloyds Bank International

    PO Box 368

    Douglas

    Isle of Man

    M99 3XU

    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

Outside the UK, call:

+44 (0) 1539 736626

Open 8am - 8pm, Monday to Sunday UK time. Not all Telephone Banking services are available 24 hours a day, seven days a week. 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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Currency Internet Banking

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