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.
What do I need to make a payment?
More details about sending a payment
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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.
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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 5 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
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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: 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: Albania, 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, Ukraine, and United Arab Emirates.
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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.
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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 £871.23 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.
More ways to manage your money
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).