Benefits

  • Send and receive money internationally for free
  • Transfer money between your currency accounts
  • All major currencies available

Need to know

  • You need to have a current or savings account with us to use this service
  • Correspondent and recipient bank charges may apply
  • Charges may apply, dependent on account withdrawal restrictions
  • The amount sent or received may vary as the exchange rate fluctuates constantly
  • We may make additional security checks before acting on a particular request for an International Money Transfer, when we believe we are justified in doing so
    • We won't charge you for transferring money overseas. However, correspondent and recipient bank charges may apply
    • Useful to pay bills, your mortgage abroad or to send money to friends and family abroad
    • Move money between your currency accounts
    • A range of foreign exchange services including Spot FXRegular Currency Plans and Limit Order FX
    • Send up to £100,000 a day to almost anywhere in the world
    • You can make international money transfers online via Internet Banking

Fees and Charges

  • International Moneymover Service* Free:
    • Through Internet Banking
    • Through International PhoneBank, in branch, or in writing
    • Through Standing Order
    • To your other accounts held with Lloyds Banking Group
    Correspondent Bank Fee* Zone 1 (USA, Canada and Europe) £12
    Zone 2 (Rest of the world) £20
    (Note: For the purposes of the Correspondent Bank Fee, Europe is defined as all EEA countries plus Jersey, Guernsey, Isle of Man, Monaco, San Marino and Switzerland)
    Electronic Funds Transfer
    (CHAPS payments within the British Isles)
    £30
    Recalling a payment

    We cannot guarantee the cancellation as funds may already have been paid to the beneficiary.

    Lloyds Bank International do not charge customers to recall a payment, however any return of funds may be subject to deductions in the form of

    • Beneficiary bank or other institutions return payment fees
    • Foreign bank charges
    • Foreign exchange fluctuations

    *When making an International Payment there are two charging methods:

    Split Charges: Recipient and Correspondent banks abroad may charge a fee for receiving payments which will be paid by the recipient if you choose to share charges.

    Pay all Charges: A Correspondent Bank Fee will be payable for international payments where you choose to pay the charges for the recipient, if you are permitted to do so based upon the destination of the payment and the type of account that you hold. The Correspondent Bank Fee replaces all Correspondent bank charges. The recipient bank may still charge its customer a fee but we cannot provide information about such a fee. The amount of the Correspondent Bank Fee depends on the location of the recipient bank.

  • Electronic Bank Transfer from another financial institution Free
    Cheque Collections

    Cheques up to £100: £5

    Cheques of £100 and above:
    25p per £100 (min £15, max £80 per cheque)

    Cheque negotiation to Sterling account
    The correspondent bank may impose an additional charge based on the value of the cheque.  

    Cheques up to £100: £5

    Cheques of £100 and above:
    25p per £100 (min £8, max £80 per cheque)

    Cheques in a foreign currency drawn in a different country
    (e.g. US Dollars drawn in France, but not UK):
    25p per £100 (min £10, max £80 per cheque)

    Cheque negotiation to current account
    The correspondent bank may impose an additional charge based on the value of the cheque.  

    Cheques in the same currency as the account: £2 per cheque

    Cheques requiring currency conversion: £4 per cheque

  • What exchange rate will I get?

    We offer a wide range of foreign exchange services. When you make a payment online, you'll be told how much you should expect to leave your account or how much the recipient will receive.

    If you want certainty over the exchange rate, you should make your payment in the currency of the country you are sending it to. Otherwise, you won't know what exchange rate is going to be used by the receiving bank.

    Standard Exchange Rate

    Payments are processed using our standard exchange rate. The tables below provides an indication of the margin, which is the current percentage difference between this rate and the rate at which we buy and sell currency in the foreign exchange markets (the wholesale rate). The margin will be applied and incorporated within your foreign exchange rate.

    Please note if you are sending funds from a Sterling International account please refer to below table:

    (Sterling Premier International Current Account, Sterling International Current Account, International Regular Saver Account, Island Current and Savings Account. *Excluding Sterling International Bonus Saver*)

    Payment Value in GBP

    Current margin for sending money in a foreign currency from a Sterling International Account

    Payment Value in GBP

    0 - £10,000

    Current margin for sending money in a foreign currency from a Sterling International Account

    3.55%

    Payment Value in GBP

    £10,000 - £50,000

    Current margin for sending money in a foreign currency from a Sterling International Account

    3.55% - 2.40%

    Payment Value in GBP

    £50,000 - £100,000

    Current margin for sending money in a foreign currency from a Sterling International Account

    2.40% - 2.10%

    Payment Value in GBP

    £100,000 - £250,000

    Current margin for sending money in a foreign currency from a Sterling International Account

    2.10% - 1.50%

    Payment Value in GBP

    £250,000 and above

    Current margin for sending money in a foreign currency from a Sterling International Account

    1.50%

    Please note if you are sending funds from a Currency International account please refer to below table:

    (Euro and US Dollar Premier International Account, Euro and US Dollar International Account, International Bonus Saver, International Incentive Saver, Fixed Term Deposit and Money Market Call Account. *Including Sterling International Bonus Saver*)

    Payment Value in GBP

    Current margin for sending money in a foreign currency from a Sterling International Account

    Payment Value in GBP

    £0 - £25,000

    Current margin for sending money in a foreign currency from a Sterling International Account

    2.70%

    Payment Value in GBP

    £25,000 - £50,000

    Current margin for sending money in a foreign currency from a Sterling International Account

    2.00%

    Payment Value in GBP

    £50,000 - £99,999

    Current margin for sending money in a foreign currency from a Sterling International Account

    1.20%

    Payment Value in GBP

    £100,000 - £149,999

    Current margin for sending money in a foreign currency from a Sterling International Account

    1.00%

    Payment Value in GBP

    £150,000 - £499,999

    Current margin for sending money in a foreign currency from a Sterling International Account

    0.75%

    Payment Value in GBP

    £500,000 - £749,999

    Current margin for sending money in a foreign currency from a Sterling International Account

    0.50%

    Payment Value in GBP

    £750,000 and above

    Current margin for sending money in a foreign currency from a Sterling International Account

    0.20%

    For our exchange rates for international money transfers, please call us or contact your Relationship Manager

    From the UK: 03457 449 900

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

    Lines are open 6am – Midnight UK time, 7 days per week. Calls may be monitored/recorded.

Ways to send money

    • Free*, fast and convenient money transfers in all major currencies.
    • Send money online via Internet Banking or over the phone.

    Online:

    Make international money transfers from your accounts for free*. However, correspondent and recipient bank charges may apply.

    Telephone:

    Call International PhoneBank®:

    From the UK: 03457 449 900

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

    Lines are open 6am – Midnight UK time, 7 days per week. Calls may be monitored/recorded.

    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.

    In writing:

    You can send your request to transfer money overseas to:

    Lloyds Bank
    PO Box 368
    Douglas
    Isle of Man
    IM99 3XU

    Security

    We may make additional security checks before acting on a particular request for an International Money Transfer, when we believe we are justified in doing so.

    *When making an International Payment there are two charging methods:

    Split Charges: Recipient and Correspondent banks abroad may charge a fee for receiving payments which will be paid by the recipient if you choose to share charges.

    Pay all Charges: A Correspondent Bank Fee will be payable for international payments where you choose to pay the charges for the recipient, if you are permitted to do so based upon the destination of the payment and the type of account that you hold. The Correspondent Bank Fee replaces all Correspondent bank charges. The recipient bank may still charge its customer a fee but we cannot provide information about such a fee. The amount of the Correspondent Bank Fee depends on the location of the recipient bank.

  • Make regular International Money Transfers automatically and free of charge.

    • Ideal for paying bills
    • Send money regularly to your family
  • You will require:

    • Their Bank Identifier Code (BIC), SWIFT code or national bank code.
    • Their bank account number or International Bank Account Number (IBAN).
    • Their full name.
    • Their bank's full address.
    • BIC and IBAN codes are similar to a bank account number and sort code in the UK. They are compulsory for payments to European Economic Area (EEA) countries and other countries around the world where an IBAN is required. You'll need to get these details from the person receiving the payment overseas.

FAQ

  • You'll need to provide us with your recipient's bank account number and the full name and address of their bank.

    For payments to the EU (European Union and EEA (European Economic Area) and selected other countries, you'll also need to provide the BIC (Bank Identifier Code)/Swift code and the IBAN (International Bank Account Number).

  • You'll need to give us accurate information about the person you are sending it to. This includes:

    • Their Bank Identifier Code (BIC), SWIFT code – a standard format for BIC codes – or national bank code
    • Their bank account number or International Bank Account Number (IBAN).
    • Their full name.
    • Their bank's full address

    BIC and IBAN codes are similar to a bank account number and sort code in the UK. They are compulsory for payments to European Economic Area (EEA) countries and other countries around the world where an IBAN is required. You'll need to get these details from the person you want to transfer money overseas to.

  • IBAN stands for International Bank Account Number. It is a unique code that identifies an individual bank account. We won't be able to process your payment to the European Union, EEA (European Economic Area) and other countries where an IBAN is required, without it.

    IBANs are obligatory for payments to the European Union and EEA (European Economic Area) and other countries where an IBAN is required. Please note that IBANs can have a different number of characters and are a mix of letters and numbers.

  • You'll need to ask your recipient for the BIC/SWIFT code of their bank.

  • Your payment should get to the recipient's bank in 1-3 days – the time it takes will vary from country to country. We aren't in control of how long it takes the recipient's bank to process the transfer, however.

  • You'll get a reference number if you pay online and can print off your own receipt. Payments made by phone will be shown on your statement, so please check this carefully. Payment confirmations are available upon request.

  • If for any reason the money doesn't arrive, please tell us as soon as possible and we'll try to trace it. You may be charged for this service.

  • Yes. Charges will vary depending on the value of the cheque and whether it's paid into a Currency Account or a Sterling Account.

  • Cheques or drafts by negotiation will be credited to your account in a few days, minus charges. This service can only be used if the draft or the cheque is in the local currency. Credits from cheques can still be reversed by the bank at a later date if it turns out that the payer's bank account has insufficient funds.

    If the payment is from a high-risk country or isn't in the sender's local currency, it's likely the payment will be sent for collection. This means your account won't be credited until we're certain the money will be paid. The time this takes will depend on the country involved – it can take several weeks.

    It's usually cheaper, quicker and simpler to use electronic payments.

  • Payments to new recipients can be made as soon as their details have been set up.

  • Online International Payments via Currency Internet Banking

    You can make international money transfers online via Currency Internet Banking, which is available for International current accounts held in Euros and US Dollars.

    The advantages of Online International Payments

    • You can transfer money overseas when it suits you – 24 hours a day, 7 days a week. Payments are processed during normal banking hours
    • It's easy to send money to anyone you've already made a payment to, as we'll store their details
    • Send up to £100,000 a day (or currency equivalent) to almost anywhere in the world.

    How to make an International Payment online

    Watch our demo to see how to make an international payment online.

    View demo

    Online Transfer payments via Sterling Internet Banking

    Sending money abroad

    The quick and secure way to send money around the world.

    Available online 24 hours a day, 7 days a week. We’ll process your payment during normal banking hours.

    Send from £1.01 up to £100,000 per day via Internet Banking.

    We won't charge you for transferring money overseas. However, correspondent and recipient bank charges may apply.

    Once you’ve set up a new recipient online, we’ll save the details to make it easier for you next time.

    Making an International Payment

    Sending money abroad online is easy.

    Use our online calculator for an indication of cost and fees for the payment. When you’re ready, you’ll be able to complete the payment in a few simple steps.

    Make a payment

    What you need to make a payment

    • The recipient’s name, address and their bank’s address
    • For some countries, including all countries in the European Union, you need the BIC/SWIFT code and the IBAN (this replaces the account number)
    • For the rest of the world, you will need the recipient’s bank account details, such as their account number
  • You can use our international payments calculator to get an estimate of how much a payment will cost. You’ll see this useful tool when you go to send money abroad from your account.

    Our fees

    We won't charge you for transferring money overseas. However, correspondent and recipient bank charges may apply.

    If you make the payment using Internet Banking then the recipient will pay their bank or correspondent bank charges that may apply.

    If you would like to pay the recipient and / or correspondent bank charges then you need to make the payment in branch or over the phone.

  • Processing your payment

    Payments made before 3pm on a working day will be processed the same day. Otherwise, the payment will be processed on the following working day.

    Money will only be debited from your account when your payment has been processed.

    When will the money arrive in the recipient’s account?

    Once your payment has been processed you can follow the below guidelines:

    Currency and destination

    Delivery times

    Currency and destination

    Payments in euro to EU and EEA* countries, Monaco, Switzerland or San Marino

    Delivery times

    No later than the next working day

    Currency and destination

    Any other currency to EU and EEA* countries, North America, Canada, South Africa, Australia, New Zealand, Middle East and the Far East

    Delivery times

    Generally no later than four working days

    Currency and destination

    Any currency to any other country

    Delivery times

    Should take no longer than 14 working days

    *The European Economic Area (EEA) includes countries in the European Union and also Iceland, Liechtenstein and Norway.

    Make a payment

Need help?

Call us on:

03457 449900

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

Is international banking for you?

Check you're eligible by answering a few questions

Check eligibility

International Current Accounts

Current accounts available in Sterling, Euro and US Dollar

International Current Accounts

Guide to sending money abroad

Help and guidance on how to transfer money overseas.

View guide