Send and receive money outside the UK or in a foreign currency
A secure way to send and receive money around the world.
Do you have family overseas and want to send them money? Or perhaps you are working or buying a house abroad? Whatever the reason, our services are efficient and secure.
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).
How to send money outside the UK online
Log on to Internet Banking or on our Mobile App.
Create a new or select an existing recipient.
Choose a currency and send money.
You'll need to have the following information to hand:
- The recipient's name and address (exact full name or company name)
- Name and address of the recipient's bank - (exact full name)
- The recipient's IBAN (International Bank Account Number) or account number
- For payments to the UK and EEA countries, the BIC (Business Identifier Code) / SWIFT code / clearing code
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 yet? Register now.
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How long do payments take?
Your payment
Cut-off time
Your payment
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
Your payment
Payment in a currency other than euro made through one of our branches or by Telephone Banking
Cut-off time
3pm
Your payment
Payment in any currency made through Internet Banking
Cut-off time
3pm
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)
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You can use our payments calculator to get an estimate of how much a payment will cost.
To access this please log on to Internet Banking
Our Payment Charges
Payment Charges
Payments in euro from your account
no fee
All other Payments from your account
£9.50
Correspondent Bank Fee
Zone 1 (USA, Canada and Europe (non-EEA))
Zone 2 (Rest of the world)
£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 charge will not apply to payments in pounds sent to a bank account within the EU from our Basic Account or to payments from an account held with Lloyds Bank Corporate Markets plc. This charge 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 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 exchange rate. Please contact your Private Banking Manager for more details.
Standard Exchange Rate
Payment Value in GBP
Maximum current percentage difference between our standard exchange rate for sending money outside the UK or in a foreign currency and the wholesale rate
Payment Value in GBP
0 - £25,000
Maximum current percentage difference between our standard exchange rate for sending money outside the UK or in a foreign currency and the wholesale rate
3.55%
Payment Value in GBP
£25,000.01 - £75,000
Maximum current percentage difference between our standard exchange rate for sending money outside the UK or in a foreign currency and the wholesale rate
2.40%
Payment Value in GBP
£75,000.01 - £250,000
Maximum current percentage difference between our standard exchange rate for sending money outside the UK or in a foreign currency and the wholesale rate
2.00%
Payment Value in GBP
£250,000.01 and above
Maximum current percentage difference between our standard exchange rate for sending money outside the UK or in a foreign currency and the wholesale rate
1.50%
The percentages outlined above are indicative, for information only and can change at any time.
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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.
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You can make payments up to the following amounts:
Online: Send up to £100,000 per day through Internet Banking.
In branch: There is no maximum limit.
Mobile Branch: Send up to £100,000 per day through a Mobile Branch.
Telephone Banking: you can 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.
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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
The table below provides an indication of the current percentage difference between our standard exchange rate for receiving money from outside the UK or in a foreign currency 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 exchange rate. Please contact your Private Banking Manager for more details.
Payment Value in GBP
Maximum current percentage difference between our standard exchange rate for receiving money from outside the UK or in a foreign currency and the wholesale rate
Payment Value in GBP
0 - £25,000
Maximum current percentage difference between our standard exchange rate for receiving money from outside the UK or in a foreign currency and the wholesale rate
3.55%
Payment Value in GBP
£25,000.01 - £75,000
Maximum current percentage difference between our standard exchange rate for receiving money from outside the UK or in a foreign currency and the wholesale rate
2.40%
Payment Value in GBP
£75,000.01 - £250,000
Maximum current percentage difference between our standard exchange rate for receiving money from outside the UK or in a foreign currency and the wholesale rate
2.00%
Payment Value in GBP
£250,000.01 and above
Maximum current percentage difference between our standard exchange rate for receiving money from outside the UK or in a foreign currency and the wholesale rate
1.50%
The percentages outlined above are indicative, for information only and can change at any time.
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.
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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 a payment outside the UK?
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 a payment outside the UK or in a foreign currency?
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.
What if I make a payment request then want to change or cancel it?
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 (Wednesdays from 9.45am). 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.
What if I make a payment request then find the recipient’s details I quoted are incorrect?
Please call the International Helpdesk on 0345 300 0101 as soon as possible, Monday-Friday, 8.30am-5pm (Wednesdays from 9.45am). We can talk you through the options that you have. Please be aware that additional fees may apply.
I don't want any bank charges to be taken from the money I send my recipient. How can I make sure that my recipient receives the exact amount of money I send them?
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.
Need more information on or help with charges for sending money outside the UK or in a foreign currency?
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 (Wednesdays from 9.45am). You can also visit your nearest branch.
* This charge will not apply to payments in pounds sent to a bank account within the EU from our Basic Account or to payments from an account held with Lloyds Bank Corporate Markets plc. This charge will not apply to payments sent in any currency other than pounds from a Mayfair Private Banking Service account.
Log on to Internet Banking or download our mobile app to get started:
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).