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Premier and Private Banking Share Dealing Account rates and charges
Commission charges
We charge a commission for each deal, whether done online or over the phone.
Online dealing commission - UK and international stocks
|
Deal type |
Dealing commission |
|---|---|
Deal typeOnline dealing commission |
Dealing commission£10.00 per deal (for 1st 7 deals per quarter) |
Deal typeFrequent Trader rate* |
Dealing commission£8.00 per deal (for 8+ deals per quarter) |
Deal typeForeign currency conversion charge (international trades only)** |
Dealing commission1% per deal |
Deal typeRegular investments (purchases only) |
Dealing commission£1.50 per deal |
Telephone dealing commission - UK and international stocks
|
Deal type |
Dealing commission |
|---|---|
Deal typeAny |
Dealing commission£25.00 per deal |
Deal typeForeign currency conversion charge (international trades only)** |
Dealing commission1% per deal |
* Frequent trading
Our standard dealing commission rates will apply for the first 7 trades placed online across your Share Dealing Account or Share Dealing ISA, per calendar quarter (ending 31 March, 30 June, 30 September and 31 December). The Frequent Trader rate will apply to any additional deals you place in the same quarter. Standard rates will resume at the beginning of the next quarter. The Frequent Trader rate does not apply to trades placed in OEICs, Unit Trusts or certificated sales.
**International trading
Foreign currency conversions are required to facilitate the settlement of international transactions. We adjust the exchange rate by 1.0% and keep the difference as our fee. The available exchange rate is based on the exchange rate provided by Digital Look. Indicative exchange rates are provided prior to trading, and the rate applicable to the individual trade is confirmed on the contract note once the deal has been completed.
Fund trading
|
Deal type |
Dealing commission |
|---|---|
Deal typeOnline funds trade |
Dealing commission£1.50 per deal |
Deal typeTelephone funds trade (sales only) |
Dealing commission£25.00 per deal |
If you're looking to invest in a fund, please note the fund manager will charge an 'ongoing charges figure' from the fund (also referred to as the OCF). You can find the OCF within a fund’s 'Key Investor Information' Document' (KIID).
In relation to a number of the funds we offer, we have negotiated discounted initial charges, or an initial charge of 0%.
Government duties and levies – applies to all online and telephone deals
|
|
|
|---|---|
|
Stamp duty reserve tax |
Purchase of UK equities - 0.5% Purchase of Irish equities - 1% |
|
PTM levy |
£1 charge on equity transactions over £10,000 |
Certificated sales
Where you deal in certificated shares online or over the phone, different commission rates and charges will apply as follows. Any share certificates traded with us need to be registered in the same name as your share dealing account.
Certificated sales - online dealing commission
|
Deal value |
Dealing commission |
|---|---|
Deal valueAny |
Dealing commission£75 per deal |
Certificated sales - telephone dealing commission
|
Deal value |
Dealing commission |
|---|---|
Deal valueAny |
Dealing commission£75 per deal |
Account administration charges
Account charges
|
Account type |
Six-monthly account charge |
|---|---|
Account typeShare Dealing Account |
Six-monthly account charge£10* |
*This charge is waived if you hold a Lloyds Bank Share Dealing ISA as well as a Lloyds Bank Share Dealing Account.
Closing your account
|
Account type |
Account charge |
|---|---|
Account typeShare Dealing Account |
Account chargeNo administration fee |
There may be additional charges for dealing, stock transfers out and rematerialisation (the process by which electronic holdings can be converted into physical certificates) as set out elsewhere in this charges information.
|
Service |
Charge |
|---|---|
ServiceDividend reinvestment |
Charge2% maximum £10.00 per deal, funds are capped at £1.50 |
ServiceCheque withdrawal |
Charge£12.50 per withdrawal |
ServiceRequest for share certificate |
Charge£25.00 per stock |
ServiceTransfer of shares to another provider |
Charge£25.00 per holding capped at £125.00 |
ServiceCHAPS payments |
Charge£20.00 |
ServiceAd hoc tax voucher |
Charge£12.50 |
ServiceDuplicate contract note (if 6 months after original) |
ChargeFREE |
ServiceDuplicate statement/valuation (per item) |
Charge£12.50 |
ServiceDebit interest |
ChargeLloyds Bank base rate +5% |
ServiceProbate valuations |
ChargeNo administration fee |
ServiceDistribution of assets |
ChargeNo administration fee |
ServiceLodging a power of attorney |
ChargeNo administration fee |
Please note: All prices include VAT (currently 20%) where applicable.
Our Share Dealing service does not provide advice so if you are in any doubt about making your own investment decisions we recommend you seek advice from a suitably qualified financial adviser. Please remember the value of an investment and the income from it can go down as well as up and you may get back less than you originally invested.
Important legal information
The Lloyds Bank Direct Investments Service is operated by Halifax Share Dealing Limited. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Registered in England and Wales no. 3195646. Halifax Share Dealing Limited is authorised and regulated by the Financial Conduct Authority under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.