Sending 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/BICSwift or BIC is a Bank Identifier Code.

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
  • The recipient's Swift/BICSwift 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

Payments to Ukraine

We'll refund our £9.50 fee where charged for payments sent to Ukraine. Please allow a few days for this to be paid back into your account.

More details about sending 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

    Telephone Banking

    Limit

    Send up to £10,000 through Telephone Banking.

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

  • 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

  • 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.

  • 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 fee where applicable and the recipient will pay their bank’s fee and any agent bank charges that apply.

    Since leaving the EU, agent bank charges 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 fee 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 fee 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.

     

  • You can use the online payment calculator to see our standard exchange rate, which may change depending on how much you send.

    If you key in an amount without selecting or keying in a new recipient, you will only receive a payment illustration and not the actual exchange rate the payment will be sent at.

    If you select or key in a new recipient first, you can continue your payment with the exchange rate displayed.

    Before your payment is confirmed online though, the final payment details and exchange rate will always be shown.

    Our standard exchange rate includes a margin. The table below provides an indication of the margin which is the difference between our standard exchange 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 standard exchange rate and margin. 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:

    £

    Payment margin:
    ##margin##%

    For example:

    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

How do I send money outside the UK or in a foreign currency?

If you need more help and support, our step-by-step guide shows you how to send money outside the UK using Internet Banking or our Mobile Banking app.

See our step-by-step guide

Ready to send a payment?

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.

Log on to make a payment

Receiving money from outside the UK or in a foreign currency

If you're receiving money from outside the UK or in a foreign currency and need more details, we've gathered together all the information that you need.

Learn more about receiving a payment

Frequently asked questions

Take a look at our frequently asked questions to help you find simple answers to some common queries.

Read our frequently asked questions

More ways to manage your money

Receiving money from outside the UK or in a foreign currency

Learn more about receiving money from outside the UK or in a foreign currency.

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).