Go paper-free
Amend paper-free preferences for your statements and correspondence.
We have made our charges simple and competitive, so that you can spend more time on what matters.
We do not pay you interest on cash balances held within your ISA or Share Dealing Account.
Any uninvested cash is held in a cash management account, which is part of your Share Dealing Account or ISA – This is not a bank account. We hold this uninvested cash in line with FCA rules, for your protection.
We receive interest payments, which vary, depending on the total balance held and market interest rates. Any interest we retain is to develop our products & services.
Lloyds offer a range of savings accounts that do pay interest on cash balances.
There is no requirement to hold a minimum balance - You should make sure that there is enough cash held to cover charges, when they are due.
We charge £20 (Free for Premier and Private Banking customers) per 6 months (in April and October) to hold an ISA and Share Dealing Account. This is free for 18-25 year olds. Please note, if you open your account between the payment dates the admin charge will be taken from the following payment date.
In April and October, the statement will show a debit on your account – this is the creation date of the charge.
If your charge was taken by Direct Debit or debit card, you’ll also see a credit with the narrative ‘payment received’ - this could be dated the following month.
We charge £11 per UK trade (reduced to £8 for frequent traders of 8 or more trades per quarter). We charge £10 per UK trade, for Premier and Private Banking customers, this covers:
We charge £1.50 per trade for buying and selling of funds online.
We don’t charge you any dealing commission for International trading online. An FX charge of 1% still applies.
You can trade through our telephone service for £35 per trade.
Stamp Duty
When you buy a UK stock, you’ll pay Stamp Duty to the Government. Stamp duty is 0.5% of the value of the investments you buy (1% on Irish stocks). You don’t pay any Stamp Duty on AIM stocks or Exchange Traded Funds.
PTM Levy
Any trade over £10,000 will also be liable for a levy of £1, which is paid to the Panel on Takeovers and Mergers (PTM).
Spanish Transaction Tax
Spanish Transaction Tax (0.2%) is an additional tax payment when you buy some Spanish stocks. Examples of these are Banco Santander and International Consolidated Airlines Group.
Fund managers will charge you various fees such as an ongoing charge or transaction fees. They put the details of these in the Key Investor Information Document for each fund.
We apply the individual dealing charges as you place the deals. We break these down on the transaction screen.
You can trade regularly with our commission-free scheduled investment service.
Dividend reinvestment purchases are charged at 2% of the dividend value and capped at a maximum of £10.00 per stock.
We offer a range of TradePlans (including limit orders and stop losses) to help you control the risk involved with stock market investing. TradePlans are available on any CREST eligible UK stock.
Setting up a TradePlan is free, normal dealing costs will apply upon successful execution of your trade.
Invest with Lloyds Bank and benefit from:
Transfer your investments to Lloyds Bank and you:
Important legal information
The Lloyds Bank Direct Investments Service is operated by Halifax Share Dealing Limited. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Registered in England and Wales no. 3195646. Halifax Share Dealing Limited is authorised and regulated by the Financial Conduct Authority under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.