Send and receive money outside the UK or in a foreign currency

Send money securely worldwide and benefit from:

  • Fee free euro payments. Other charges may apply.
  • Simple repeat payments, up to £100,000.
  • Over 30 currencies to choose from.

Log on to make a payment

What do I need to make a payment?

Sending money to the EEA and UK

  • The recipient's full name and address
  • The recipient's IBANIBAN is an International Bank Account Number
  • The recipient's Swift/BIC

Your rights when making payments in Europe

EU rules mean your electronic payments are becoming faster, easier and cheaper. Read a leaflet explaining your rights (PDF, 334KB).

Log on to make a payment

Sending money to the rest of the world

  • The recipient's full name and address
  • The recipient's IBANIBAN is an International Bank Account Number or account number.
  • The recipient's Swift/BICA Swift or BIC is a Bank Identifier Code
  • Name and address of the recipients bank
  • Clearing codeSome banks need a clearing code to find a branch or business area of the recipients account.
  • Reason for your payment.
Log on to make a payment

How to send money outside the UK online

If you have a current account with us and you're registered for Internet Banking, you can simply log on to send money outside the UK.

Not registered for Internet Banking? Register now.

See our step-by-step guide

Further questions about making a payment

  • The table below gives you information about the time the payment will take to reach the recipient's bank provided you have given us the instruction on a working day before the cut off time:

    Information about the time the payment will take to reach the recipient's bank

    Currency and destination

    Delivery times

    Currency and destination

    Payments in euro to the UK, an EEA country, Monaco, Switzerland or San Marino

    Delivery times

    No later than the next working day

    Currency and destination

    Payments in any other EEA currency / pounds / swiss francs to another EEA country

    Delivery times

    No later than four working days

    Currency and destination

    Any currency to North America, Canada, South Africa, Australia, New Zealand, Middle East and the Far East

    Delivery times

    Should take no longer than 4 working days

    Currency and destination

    Any currency to any other country

    Delivery times

    Should take no longer than 14 working days

    Currency and destination

    SEPA Direct Debit Scheme

    Delivery times

    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)

    Cut off times for making a payment request. 

    How long do payments take?

    Payment type

    Cut-off time

    Payment type

    Payment in euro made through one of our branches or by Telephone Banking

    Cut-off time

    No earlier than 2pm and no later than 3pm

    Payment type

    Payment in a currency other than euro made through one of our branches or by Telephone Banking

    Cut-off time

    3pm

    Payment type

    Payment in any currency made through Internet Banking

    Cut-off time

    3pm

  • Our Payment Charges

    Payment Charges

    Type of payment

    Fee

    Type of payment

    Payments in euro from your account

    Fee

    no fee

    Type of payment

    All other Payments from your account

    Fee

    £9.50**

    Type of payment

    Correspondent Bank Fee
    Zone 1 (USA, Canada and Europe (non-EEA))
    Zone 2 (Rest of the world)

    Fee


    £12

    £20

    If you share the payment charges with the recipient, you will only pay our £9.50 Payment charge where applicable and the recipient will pay their bank’s charges and any agent bank charges that apply.

    Since leaving the EU, agent bank fees may also now apply to the following payments:

    • to EEA countries (in pounds or EEA currencies), and
    • within the UK in an EEA currency

    For the full amount to be received by the recipient’s bank, you may be able to choose to pay both our charge and all agent bank charges. As we explain below you can only request do this for some types of payments made through our branches and telephone banking.

    You will share payment charges with the recipient when the payment is made:

    • in any currency using Internet Banking; or
    • in any currency to a bank account in the UK or EEA; or
    • in any EEA currency or pounds to a bank account in Switzerland, Monaco or San Marino.

    If you make any other payment, you can choose either:

    a) to share charges; or

    b) to pay both our charge and the Correspondent Bank Fee (that replaces all agent bank charges). The recipient bank may charge its customer a fee but we cannot provide information about this. This payment type can only be made through one of our branches or Telephone Banking.

    **This fee will not apply to payments sent in pounds from our Basic Account or to payments from an account held with Lloyds Bank Corporate Markets plc. This fee will not apply to payments sent in any currency other than pounds from a Mayfair Private Banking Service account.

     

    Standard Exchange Rate

    Payments are processed using our standard exchange rate. The table 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).

    If you hold a Mayfair Private Banking Service account you may receive a different rate. Please contact your Private Banking Manager for more details.

    Standard Exchange Rate

    Payment Value in GBP

    Current margin for sending money outside the UK or in a foreign currency

    Payment Value in GBP

    0 - £10,000

    Current margin for sending money outside the UK or in a foreign currency

    3.55%

    Payment Value in GBP

    £10,000 - £50,000

    Current margin for sending money outside the UK or in a foreign currency

    3.55% - 2.40%

    Payment Value in GBP

    £50,000 - £100,000

    Current margin for sending money outside the UK or in a foreign currency

    2.40% - 2.10%

    Payment Value in GBP

    £100,000 - £250,000

    Current margin for sending money outside the UK or in a foreign currency

    2.10% - 1.50%

    Payment Value in GBP

    £250,000 and above

    Current margin for sending money outside the UK or in a foreign currency

    1.50%

    Margin calculator

    This calculator indicates the margin we apply when you send money outside the UK or in a foreign currency.

     

    I would like to send a payment of:

    £

    International Payment margin:
    ##margin##%

    How much will my payment cost?

    The example below can help you gain a better understanding of how much it would cost you to send a payment. 

    You need to make a payment of €1,000 to Spain. If the current GBP/EUR wholesale rate is 1.1900 for example, the Lloyds Bank standard exchange rate applied to your payment would be 1.1478, based on our current margin of 3.55%. In this example, this means £871.27 would be debited from your account. 

    Please note: a live wholesale rate is used to calculate the standard exchange rate and together with the percentages outlined above, are indicative, for information only and can change at any time. 

    Log on to make a payment

  • You can make payments up to the following amounts:

    Channel

    Limit

    Channel

    Online

    Limit

    Send up to £100,000 per day through Internet Banking.

    Channel

    In branch

    Limit

    There is no maximum limit.

    Channel

    Mobile Branch

    Limit

    Send up to £100,000 per day through a Mobile Branch

    Channel

    Telephone Banking

    Limit

    Send up to £5,000 through Telephone Banking.

    Please note - The minimum payment amount is £1.01, whether made online, in branch including Mobile Branches or through Telephone Banking.

  • What is an IBAN?

    IBAN stands for ‘International Bank Account Number.’ IBANs identify banks according to international agreement. IBANs are mandatory for the UK 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.

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

    When you make a payment to a recipient in the UK or EEA (European Economic Area), you need to provide us with the BIC and IBAN to allow us to process the transaction.

    Which countries do I need a BIC/SWIFT and an IBAN for?

    We need you to quote a BIC/SWIFT and IBAN when sending payments to the following countries:

    The UK and all EU and EEA countries: Albania, Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Guernsey, Hungary, Iceland, Republic of Ireland, Italy, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, The Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden

    and also the following countries: Andorra, Bahrain, Faroe Islands, Georgia, Gibraltar, Greenland, Isle of Man, Israel, Jordan, Kosovo, Kuwait, Lebanon, Macedonia, Montenegro, Moldova, Monaco, Pakistan, Palestine, Qatar, San Marino, Saudi Arabia, Serbia, Switzerland, Tunisia, Turkey, and United Arab Emirates.

  • Payments can be made to your account in either pounds or foreign currency.

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

    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 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.

    Where to find your IBAN and BIC - Log on to Internet Banking, select one of your bank or savings accounts from “Your Accounts” then click on the ‘View IBAN / BIC’ link.

    Alternatively use our mobile banking app to view your IBAN and BIC by selecting “Send bank details” on the more actions (three dot) menu next to the bank account you want to use. You can also use the app to share your bank details with the person sending you a payment, by pressing ‘share international details’.

    What fees apply?

    The following fees apply to electronic payments received from outside the UK or in a foreign currency. Payments in euro received from within the UK, EEA or via SEPA Credit Transfer are not charged these fees.

    Receiving a payment up to and including £100: £2
    Receiving a payment of over £100: £7

    We'll convert the money you've received into pounds on the day we pay it into your account using our standard exchange rate for receiving money from outside the UK or in a foreign currency.

    Please be aware that the overseas bank sending the payment may use an agent bank to pass the payment on to Lloyds Bank. The agent bank may make a charge for their service, which will be deducted from the payment sent. This will reduce the payment Lloyds Bank receives.

    Since leaving the EU, agent bank fees may also now apply to the following payments received:

    • from EEA countries (in pounds or EEA currencies), and
    • from within the UK in an EEA currency

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

     

    Standard Exchange Rate

    Payments are processed using our standard exchange rate. The table 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).

    If you hold a Mayfair Private Banking Service account you may receive a different rate. Please contact your Private Banking Manager for more details.

    Payment Value in GBP

    Current margin for receiving money from outside the UK or in a foreign currency 

    Payment Value in GBP

    0 - £10,000

    Current margin for receiving money from outside the UK or in a foreign currency 

    3.55%

    Payment Value in GBP

    £10,000 - £50,000

    Current margin for receiving money from outside the UK or in a foreign currency 

    3.55% - 2.40%

    Payment Value in GBP

    £50,000 - £100,000

    Current margin for receiving money from outside the UK or in a foreign currency 

    2.40% - 2.10%

    Payment Value in GBP

    £100,000 - £250,000

    Current margin for receiving money from outside the UK or in a foreign currency 

    2.10% - 1.50%

    Payment Value in GBP

    £250,000 and above

    Current margin for receiving money from outside the UK or in a foreign currency 

    1.50%

    Margin calculator

    This calculator indicates the margin we apply when you receive money from outside of the UK or in a foreign currency:

     

    I am expecting a payment of:

    £

    International Payment margin:
    ##marginrec##%

    How much will my payment cost?

    The example below can help you gain a better understanding of how much would be credited to your account. 

    A person in the United States makes a payment of $1,000 to your account. If the current GBP/USD wholesale rate is 1.2600 for example, the Lloyds Bank standard exchange rate applied to the incoming payment would be 1.3047, based on our current margin of 3.55%. In this example if we received $1,000 this means £759.44 would be credited to your account after our £7 fee had been charged.

    Please note: a live wholesale rate is used to calculate the standard exchange rate and together with the percentages outlined above, are indicative, for information only and can change at any time.

    Please be aware that the bank sending the payment may use an agent bank to pass the payment on to Lloyds Bank. The agent bank may make a charge for their service, which will be deducted from the payment sent. This will reduce the payment amount Lloyds Bank receives.


      

    Foreign Cheques

     

    Foreign cheques

    Foreign Cheques

    Foreign Cheques

    Foreign currency cheques paid into your account

    No fee

    Negotiating or collecting a cheque - what's the difference?

    Negotiating - We will pay the amount of the cheque into your account on the working day after we receive it.  If it is a foreign currency cheque we will convert it into pounds using our standard exchange rate for the payment.

    Collecting - We will pay the amount of the cheque into your account when we receive payment from the paying bank. The time this takes can vary depending on the paying bank or its country as we will send the cheque to them. We may use an agent to do this.  When we receive payment from the paying bank, we will convert it to pounds, if applicable, using our standard exchange rate for the payment.  You can ask us for details.

    Please visit one of our branches for more information on foreign currency cheques. Alternatively you can call us on 0345 300 0000.

Frequently asked questions

  • 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.

  • 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.

  • We do not charge our fee for sending payments in euro. Our fee for all other payments is £9.50**. If you share the charges for sending money outside the UK or in a foreign currency with the recipient, you will only pay the Lloyds fee and the recipient will pay their bank’s charges and any agent bank charges that apply.

    Since leaving the EU, agent bank fees may also now apply to the following payments:

    • to EEA countries (in pounds or EEA currencies), and
    • within the UK in an EEA currency

    For the full amount to be received by the recipient’s bank, you may be able to choose to pay both our charge and all agent bank charges. As we explain in the ‘How much does it cost?’ section you can only request do this for some types of payments made through our branches and telephone banking.

    If you choose to pay both our charge and all agent bank charges, you will pay our charge and the Correspondent Bank Fee that replaces all agent 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:

    Zone

    Correspondent Bank Fee

    Zone

    Zone 1 (USA, Canada and Europe (non-EEA))

    Correspondent Bank Fee

    £12

    Zone

    Zone 2 (Rest of the world)

    Correspondent Bank Fee

    £20

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

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

    **This fee will not apply to payments sent in pounds from our Basic Account or to payments from an account held with Lloyds Bank Corporate Markets plc. This fee will not apply to payments sent in any currency other than pounds from a Mayfair Private Banking Service account.

  • Sorry, you can’t change or cancel your payment transaction request online. Please call the International Helpdesk on 0345 300 0101 as soon as possible, Monday-Friday, 8.30am-5pm.

    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.

  • Please call the International Helpdesk on 0345 300 0101 as soon as possible, Monday-Friday, 8.30am-5pm. We can talk you through the options that you have. Please be aware that additional fees may apply.

  • There are some circumstances when you can choose to pay both our charge and all agent bank charges.

    The recipient bank may still charge its customer a fee but we cannot provide information about such a fee.

    More details about charges for sending money outside the UK or in a foreign currency can be found in the ‘How much does it cost’ section.

  • If you need any help or more information, please call the International Helpdesk on 0345 300 0101 as soon as possible, Monday-Friday, 8.30am-5pm. You can also visit your nearest branch.

More ways to manage your money

Manage multiple currencies

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

Send regular payments

If you need to send regular payments to the EEA from your current account in euro, SEPA Direct Debit may be an option for you.

Important legal information

Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS).