International payments

What you can do

  • Make International Payments when you want, 24 hours a day, 7 days a week – payments are processed during normal banking hours.
  • Send up to £100,000 online per day to almost anywhere in the world.
  • See clear confirmation that your payment has been submitted.
  • Make repeated payments easily – we store details securely of anyone you pay, so it’s even simpler if you need to send money to them again.

If you manage your money in multiple currencies, Lloyds Bank may have an International Current Account to suit your needs.

How do I send money abroad online?

If you have a current account with us and you’re registered for Internet Banking, you can log on to send money abroad.

You’ll need to have the following information to hand:

  • the recipient's name and address (exact full name or company name)
  • the recipient's IBAN (International Bank Account Number) or account number
  • the name and address of recipient's bank - including the BIC (Business Identifier Code) / SWIFT code / clearing code

Log on to Internet Banking

International payment from your account
£9.50*^
International drafts
£20**
Electronic payments received other than by SEPA credit transfer
Receiving a payment up to and including £100 - £2^
Receiving a payment of over £100 - £7^
Foreign currency cheques paid into your account
Sterling value of £100 or less - £5
Sterling value more than £100 - 0.25% of the total sterling value to a maximum of £80. Our minimum charge will be between £8 and £15, depending on whether we negotiate or collect the cheque.

* For international payments in euro or another EEA currency to a bank account in the EEA, Switzerland or Monaco, you will pay our charges (including the charges of any agent bank we use) and the recipient will pay their bank’s charges.

For any other international payments made through:

  • Internet Banking, you will pay our charges and the recipient will pay their bank’s charges and those of any agent bank.
  • One of our branches or Telephone Banking you may opt: a) to share charges in the same way as non-EEA payments through Internet Banking or b) to pay all charges, where you also agree to pay the charges of the recipient’s bank and any agent banks we use, instead of the recipient paying them.

We will not always be able to tell you in advance what the recipient’s bank or any agent bank will charge.

** If you cancel an International draft, we will make refund conversions using our standard exchange rate for the transaction on the day we receive the money.

^ This fee will not apply to payments in sterling sent to a bank account within the EU from our Basic Account or received from a bank account within the EU to our Basic Account.

You can see how much a payment will cost by using our International Payments calculator once you’ve logged in. The figures you see are based on the currency exchange.

International Payment delivery times

Your payment Cut-off time
International payment in euro made through one of our branches or by Telephone Banking No earlier than 2pm and no later than 3pm
International payment in a currency other than euro made through one of our branches or by Telephone Banking 3pm
International payment in any currency made through Internet Banking 3pm

Use the table to see the maximum time your payment will take to reach the recipient's bank once we have received your instruction.

Currency and destination How long will the payment take to reach the payee’s bank after we take it from your account?
Payments in euro to another EEA country, Monaco or Switzerland No later than the next working day
Payments in other EEA currencies / Swiss francs to another EEA country No later than four working days.
The payee’s bank must pay the funds into the payee’s account on the day it receives the payment from us.
SEPA Direct Debit Scheme On the date we have been given for payment unless this is a public holiday in the other bank’s country (in which case, this will be on the next working day).

Payments outside the EEA or in non-EEA currencies

You can ask us for details about how long the payment should take to arrive. We cannot control exactly when it will be received by the foreign bank. This will depend on the banking practice of that country but should be no longer than 14 working days.

How much can I send?

You send money abroad Online, in Branch and through Telephone Banking.

You can make international payments up to the following amounts:

Online: you can send up to £100,000 through Internet Banking.

In branch: when you make an international payment in branch there is no limit. If you want to send over £100,000, we will call directly to our dedicated currency trading team for you and help you to get an exchange rate you are happy with.

Telephone Banking: you can send up to £5,000 through Telephone Banking.

Receiving an International Payment

International payments can be made to your account in either sterling or foreign currency. Payments received in foreign currency are converted into sterling and credited to your account.

For your payment to be transferred as quickly as possible, please ask the overseas bank to follow the instructions below.

How to send the payment - You must instruct the overseas bank to send funds via SWIFT (Society for Worldwide Interbank Financial Telecommunication).

Where to send the payment - Quote Lloyds Bank with the swift code LOYDGB2L (Lloyds Bank is part of Lloyds Banking Group).

Account details you should use - Your account number, sort code of your account, your IBAN (International Bank Account Number) and BIC (Business Identifier Code) of the account you want crediting. These are the same as your sort code and account number but in a format recognized abroad.

You can find your IBAN and BIC by logging onto Online Banking, selecting an account from “Your Accounts” then clicking on the ‘Show IBAN / BIC’ link.

The following fees apply to electronic payments received from outside the UK other than by SEPA credit transfer:

Receiving a payment up to and including £100 - £2†

Receiving a payment of over £100 - £7†

†This fee will not apply to payments in sterling received from a bank account within the EU to our Basic Account.

We'll convert the money you've received into pounds sterling on the day we pay it into your account.

What you need to make an International Payment

To create a recipient or make an international payment, you’ll need to give us this information:

  • the recipient’s name and address (exact full name or company name)
  • the recipient’s IBAN (International Bank Account Number) or account number
  • the name and address of the recipient’s bank – including the BIC (Business Identifier Code)/SWIFT code, and/or the clearing code
  • the payment currency (for example, US dollars).

Please get this information from your recipient.

Why you need to give us your recipient’s BIC and IBAN

When you make a payment to a recipient in the EU (Europe) and EEA (European Economic Area), you need to provide us with the BIC and IBAN. If you don’t include them, we might not be able to process it.
Please see our current list of countries requiring an IBAN.

What is an IBAN?

IBAN stands for ‘International Bank Account Number.’ IBANs identify banks according to international agreement. IBANs are mandatory for EU (European) and EEA (European Economic Area) countries. Each country has a different number of characters in their IBANs.

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

GB29NWBK60161331926819.

An IBAN has four components and is a mixture of alpha and numeric characters:

  • an ISO country code
  • bank and branch identifier
  • beneficiary account number
  • two check digits.

The two check digits in the IBAN help banks verify that your payment details are correct.

When will the money arrive?

Please see our Payment Timescales at 'Send money abroad'.

When will the money be taken from my account?

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

Payments made before 3pm on a business day will be debited that same day. For payments made on or after 3pm on a business day, or at any time on a non-business day, your account will be debited on the next business day.

When can I make an International Payment?

You can make a payment 24 hours a day, 7 days a week, but it will only be processed during normal banking hours.

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

Payments made before 3pm on a business day will be debited that same day. For payments made on or after 3pm on a business day, or at any time on a non-business day, your account will be debited on the next business day.

How much does it cost to make an International Payment?

Our fee for making International Payments is £9.50*. The exchange rate will depend on market exchange rates and the amount you send. You can use the Online International Payments calculator to get a payment illustration, but please note that you’ll only see an estimated cost.

How do I get an exchange rate illustration?

You can get an exchange rate illustration by using the Online International Payments calculator, but this will only be an estimate.

Before a payment is confirmed online, the agreed and final rate will be shown.

Is there a minimum/maximum limit per transaction?

The current online maximum limit per transaction is £100,000. There is no minimum limit.

What if I make a payment request then want to change or cancel it?

Sorry, you can’t change or cancel your International Payment transaction request online. Please call us on 0345 300 0101Call telephone number 0345 300 0101 as soon as possible, 8.30am-5pm, Monday-Friday. We can’t guarantee that we’ll be able to change or cancel the transaction. If we are able to change or cancel it for you,  you may lose money through the differences in exchange rates.

Who is responsible for payment charges?

Recipient bank charges are paid by the recipient, and you’ll need to pay our charges (you can get an illustration of these charges by using the Online International Payments calculator).

I don't want my recipient’s bank charges to be taken from the money I send them. How can I make sure that my beneficiary receives the exact amount of money I send them?

If you want to pay your recipient’s bank charges and you know the amount, please add it to your payment.

Need more information on or help with International Payments?

If you need information about International Payments, contact the International Helpdesk on 0345 300 0101Call telephone number 0345 300 0101 between 8.30am-5pm, Monday-Friday. You can also visit your nearest branch.

* This fee will not apply to payments in sterling sent to a bank account within the EU from our Basic Account.