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Share Dealing pricing changes effective 18 January 2016

From 18 January 2016 we're making some important changes to our charges. If you use the online service, you will benefit from a new, lower commission charge (excluding certificate trades) every time you trade. We've changed our prices to flat rate fees to make them easier to understand. Any orders placed after markets close on Friday 15th January will be dealt with on Monday 18th January.

Our new rates and charges

We have updated the charges for your Lloyds Bank Share Dealing Service to simplify our pricing and make it more transparent. You can find all the new charges listed below.

For international trading, foreign currency conversions are required to facilitate the settlement of international transactions. We adjust the exchange rate by 1% 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.

Investing online is simple

As dealing online brings you the lowest commission rate, you may want to register for our secure online service. You will enjoy a number of benefits when you register, including 24/7 access to your account and the ability to trade in funds for £1.50 commission.

Register online

Online commission - UK and international stocks

Deals per quarter Current commission New commission
Online dealing commission £15.00 per deal (first 12 deals per quarter – £11.50 for 13+ deals per quarter) £11.00 per deal (first 7 deals per quarter – £8.00 for 8+ deals per quarter)
Foreign currency conversion charge (international deals) 1.5% 1%
Regular investments (purchases only) £2.00 per deal £1.50 per deal

Telephone commission - UK stocks

Deal value Current commission New commission
£0 – 1,000 £17.50 per deal £35.00 per deal
£1,001 - 2,000 £22.50 per deal
£2,001 - 4,000 £35.00 per deal
£4,001 - 10,000 £50.00 per deal
£10,001+ £75.00 per deal

Telephone commission - International stocks

Deals per quarter Current commission New commission
Dealing commission £17.50 per deal (first 12 deals) £35.00 per deal
Foreign currency conversion charge (international deals) 1.5% 1%

Frequent trader online commission - UK and international stocks

Deals per quarter Current commission New commission
Online dealing commission £15.00 per deal (first 12 deals) £11.00 per deal (first 7 deals per quarter)
Frequent Trader rate £11.50 per deal (13 or more deals) £8.00 per deal (for 8+ deals per quarter)
Foreign currency conversion charge (international deals) 1.5% 1%

Frequent trader telephone commission - UK and international stocks

Dealing commission Current commission New commission
Dealing commission According to deal value £35.00 per deal
Frequent Trader rate £16.50 flat-rate per deal regardless of deal value (13 or more deals)
Foreign currency conversion charge (international deals) 1.5% 1%

Fund trading

Deal type Current commission New commission
Online funds trade £10.00 flat rate per deal £1.50 per deal
Telephone funds trade (sales only) £15.00 flat rate per deal £35.00 per deal

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. As there is a lot more administration involved in selling certificates, the prices have been increased to reflect this. Don’t worry, if you deposit your share certificates into your Share Dealing Account/ISA for free, you can then trade your shares at a lower cost. Find out how to deposit shares into your Share Dealing Account.

Certificated sales - online commission

Deal value Current commission New commission
Any £27.50 per deal £75.00 per deal

Certificated sales - telephone commission

Deal value Current commission New commission
£0-1,000 £27.50 per deal £75.00 per deal
£1,001-2,000 £32.50 per deal
£2,001-4,000 £47.50 per deal
£4,001-10,000 £62.50 per deal
£10,000+ £87.50 per deal

Six-monthly account charge

Account type Current charge New charge
Share Dealing account £16.00 £20.00

All listed charges are inclusive of VAT (where applicable)

Online commission - UK and international stocks

Deals per quarter Current commission New commission
Online dealing commission £15.00 per deal (first 12 deals) £11.00 per deal (first 7 deals per quarter)
Foreign currency conversion charge (international deals) 1.5% 1%
Regular investments (purchases only) £2.00 per deal £1.50 per deal

Telephone commission - UK stocks

Deal value Current commission New commission
£0 – 1,000 £17.50 per deal £35.00 per deal
£1,001 - 2,000 £22.50 per deal
£2,001 - 4,000 £35.00 per deal
£4,001 - 10,000 £50.00 per deal
£10,001+ £75.00 per deal

Telephone commission - International stocks

Deals per quarter Current commission New commission
Dealing commission £17.50 per deal (first 12 deals) £35.00 per deal
Foreign currency conversion charge (international deals) 1.5% 1%

Frequent trader online commission - UK and international stocks

Deals per quarter Current commission New commission
Online dealing commission £15.00 per deal (first 12 deals) £11.00 per deal (first 7 deals per quarter)
Frequent Trader rate £11.50 per deal (13 or more deals) £8.00 per deal (for 8+ deals per quarter)
Foreign currency conversion charge (international deals) 1.5% 1%

Frequent trader telephone commission - UK and international stocks

Dealing commission Current commission New commission
Dealing commission According to deal value £35.00 per deal
Frequent Trader rate £16.50 flat-rate per deal regardless of deal value (13 or more deals)
Foreign currency conversion charge (international deals) 1.5% 1%

Fund trading

Deal type Current commission New commission
Online funds trade £10.00 flat rate per deal £1.50 per deal
Telephone funds trade (sales only) £15.00 flat rate per deal £35.00 per deal

Certificated sales

Where you deal in certificated shares online or over the phone, a new commission charge will apply as follows. Any share certificates traded with us need to be registered in the same name as your Share Dealing Account. As there is a lot more administration involved in selling certificates, the prices have been increased to reflect this. Don’t worry, if you deposit your share certificates into your Share Dealing Account/ISA for free, you can then trade your shares at a lower cost Find out how to deposit shares into your Share Dealing Account.

Certificated sales - online commission

Deal value Current commission New commission
Any £27.50 per deal £75.00 per deal

Certificated sales - telephone commission

Deal value Current commission New commission
£0-1,000 £27.50 per deal £75.00 per deal
£1,001-2,000 £32.50 per deal
£2,001-4,000 £47.50 per deal
£4,001-10,000 £62.50 per deal
£10,000+ £87.50 per deal

Account administration charges

ISA charges Current charges New charge
Standard 0.3% £20.00
Minimum £15.00
Maximum £72.00

All listed charges are inclusive of VAT (where applicable)

Online commission - UK and international stocks

Deals per quarter Current commission New commission
Online dealing commission £13.50 per deal £10.00 per deal (first 7 deals per quarter) £8.00 per deal (for 8+ deals per quarter)
Foreign currency conversion charge (international deals) 1.5% 1%
Regular investments (purchases only) £2.00 per deal £1.50 per deal

Telephone commission - UK stocks

Deal value Current commission New commission
£0 – 3,500 £15.00 per deal £25.00 per deal
£3,501+ £17.50 per deal

Telephone commission - International stocks

Deals per quarter Current commission New commission
Any deal £15.00 per deal (first 12 deals) £25.00 per deal
Foreign currency conversion charge (international deals) 1.5% 1%

Frequent trader online commission - UK and international stocks

Deals per quarter Current commission New commission
Online dealing commission £13.50 per deal £10.00 per deal (first 7 deals per quarter)
Frequent Trader rate £11.00 per deal (13 or more deals) £8.00 per deal (for 8+ deals per quarter)
Foreign currency conversion charge (international deals) 1.5% 1%

Frequent trader telephone commission - UK and international stocks

Dealing commission Current commission New commission
Dealing commission According to deal value £25.00 per deal
Frequent Trader rate £15.00 flat-rate per deal regardless of deal value (13 or more deals)
Foreign currency conversion charge (international deals) 1.5% 1%

Fund trading

Deal type Current commission New commission
Online funds trade £10.00 flat rate per deal £1.50 per deal
Telephone funds trade (sales only) £15.00 flat rate per deal £25.00 per deal

Certificated sales

Where you deal in certificated shares online or over the phone, a new commission charge will apply as follows. Any share certificates traded with us need to be registered in the same name as your Share Dealing Account. As there is a lot more administration involved in selling certificates, the prices have been increased to reflect this. Don’t worry, if you deposit your share certificates into your Share Dealing Account/ISA for free, you can then trade your shares at a lower cost.Find out how to deposit shares into your Share Dealing Account.

Certificated sales - online commission

Deal value Current commission New commission
£0-5,000 £15.00 per deal £75.00 per deal
£5,001+ £15.00 per deal

Certificated sales - telephone commission

Deal value Current commission New commission
£0-5,000 £17.50 per deal £75.00 per deal
£5,001+ £25.00 per deal

Six-monthly account charge

Account type Current charges New charge
Share Dealing Account £10.00 £10.00

All listed charges are inclusive of VAT (where applicable)

Online commission - UK and international stocks

Deals per quarter Current commission New commission
Online dealing commission £13.50 per deal £10.00 per deal (first 7 deals per quarter)
Foreign currency conversion charge (international deals) 1.5% 1%
Regular investments (purchases only) £2.00 per deal £1.50 per deal

Telephone commission - UK stocks

Deal value Current commission New commission
£0 – 3,500 £15.00 per deal £25.00 per deal
£3,501+ £17.50 per deal

Telephone commission - International stocks

Deals per quarter Current commission New commission
Any deal £15.00 per deal £25.00 per deal
Foreign currency conversion charge (international deals) 1.5% 1%

Frequent trader online commission - UK and international stocks

Deals per quarter Current commission New commission
Online dealing commission £13.50 per deal £10.00 per deal (first 7 deals per quarter)
Frequent Trader rate £15.00 per deal (13 or more deals) £8.00 per deal (for 8+ deals per quarter)
Foreign currency conversion charge (international deals) 1.5% 1%

Frequent trader telephone commission - UK and international stocks

Dealing commission Current commission New commission
Dealing commission According to deal value £25.00 per deal
Frequent Trader rate £15.00 flat-rate per deal regardless of deal value (13 or more deals)
Foreign currency conversion charge (international deals) 1.5% 1%

Fund trading

Deal type Current commission New commission
Online funds trade £10.00 flat rate per deal £1.50 per deal
Telephone funds trade (sales only) £15.00 flat rate per deal £25.00 per deal

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. As there is a lot more administration involved in selling certificates, the prices have been increased to reflect this. Don’t worry, if you deposit your share certificates into your Share Dealing Account/ISA for free, you can then trade your shares at a lower cost. Find out how to deposit shares into your Share Dealing Account.

Certificated sales - online commission

Deal value Current commission New commission
£0-5,000 £15.00 per deal £75.00 per deal
£5,001+ £20.00 per deal

Certificated sales - telephone commission

Deal type Current commission New commission
£0-5000 £17.50 per deal £75.00 per deal
£5,001+ £25.00 per deal

Six-monthly account charge

ISA charges Current charges New charge
Standard 0.3% £10.00
Minimum £12.00
Maximum £39.00

All listed charges are inclusive of VAT (where applicable)

Do you have a Share Dealing Account and trade online?
Trade in UK only:

Your account administration charge will increase from £16 to £20 per 6 months. Your online commission rate will reduce from £15 to £11 per deal.

Trade in UK and international shares:

Your account administration charge will increase from £16 to £20 per 6 months. Your online commission rate will reduce from £15 to £11 per deal. Foreign currency charges will reduce from 1.5% to 1% of the trade value.

Do you have a Share Dealing ISA and trade online in UK shares and funds?

Your account administration charge will change from 0.25% +VAT of your ISA value to a flat rate of £20 per 6 months. If your ISA valuation is more than £6,667 your new fee will be the same as, or less than, you pay currently. The fee on your Share Dealing Account will continue to be waived.

Your online commission rate will reduce from £15 to £11 per deal, and your online funds commission rate will reduce from £10 to £1.50 per deal.

Do you have a Share Dealing Account and trade by telephone in UK shares?

Your account administration charge will increase from £16 to £20 per 6 months.

The telephone commission charge will change to a flat rate of £35 per deal. If the value of your trade is £2,001 or more the new rate will be the same as, or less than, the rate you pay currently.

Do you have a Share Dealing Account and you trade by telephone in UK shares, and also sell certificates?

Your account administration charge will change from 0.25% +VAT of your ISA value to a flat rate of £20 per 6 months. If your ISA valuation is more than £6,667 your new fee will be the same as, or less than, you pay currently. The fee on your Share Dealing Account will continue to be waived.

The telephone commission charge will change to a flat rate of £35 per deal. If the value of your trade is £2,001 or more the new rate will be the same as, or less than, the rate you pay currently.

The telephone commission charge for selling certificates will change to a flat rate of £75 per deal. Depositing certificates in a Share Dealing Account will remain free and selling them after they have been deposited will be £11 for trading online or £35 for trading over the telephone.

Do you have a Share Dealing ISA and regular investment plan, and you trade by telephone in UK shares?

Your account administration charge will change from 0.25% +VAT of your ISA value to a flat rate of £20 per 6 months. If your ISA valuation is more than £6,667 your new fee will be the same as, or less than, you pay currently. The fee on your Share Dealing Account will continue to be waived.

The telephone commission charge will change to a flat rate of £35 per deal. If the value of your trade is £2,001 or more the new rate will be the same as, or less than, the rate you pay currently. Regular investments will reduce from £2 to £1.50.

We are making a number of changes to the fees and charges you pay on your Lloyds Share Dealing Account or ISA. In summary:

  • The account administration fee for both the Share Dealing Account and ISA is changing to a flat rate of £20 per 6 months – but the Share Dealing Account fee will continue to be waived if you have an ISA
  • Online UK and funds trading commissions, and online frequent trader rates, are being reduced from £15 to £11 per deal
  • Online international trading commissions and foreign exchange rates are reducing
  • Telephone trading commission rates are changing to a simpler flat rate of £35 per deal instead of being based on deal size. If the value of your trade is £2,001 or more the new rate will be the same as, or less than, the rate you pay currently
  • The telephone commission charge for selling certificates will change to a flat rate of £75 per deal. Depositing certificates in a Share Dealing Account will remain free and selling them after they have been deposited will be £11 for trading online or £35 for trading over the telephone.
  • Regular investment trades will reduce to £1.50
  • Foreign currency charges will reduce from 1.5% to 1%
  • The cost of transferring shares to another provider and obtaining share certificates is increasing
  • Some of our administration fees are changing.

The changes take effect on Monday 18th January 2016, with the exception of the account administration fee. Your fee will be collected in April 2016 at the current rate. The first collection at the new rate will be in October 2016.

Our service charges have not been changed for a number of years. The new charges reflect the current cost of administering your account and the increased use of online technology by many of our customers to manage their account.

Our service charges have not been changed for a number of years. The new charges reflect the current cost of administering your account.

If you have an ISA with a valuation of more than £6,667, then the new account administration fee will be lower than that you currently pay.

Our commission rates have not been changed for a number of years. The new rates reflect the current cost to process this transaction type. Please note that, if the value of your trade is more than £2,001 then the new rate is the same, or cheaper, than previously.

Our commission rates have not changed for many years. Due to the administration involved in selling certificates, the new rates reflect the current cost to process a certificate transaction type. Don’t worry, if you deposit your share certificates into your Share Dealing Account or ISA for free, you can then trade your shares at a lower cost.

Our commission rates have not been changed for a number of years. The new rates reflect the current cost to manage your account. With advances in technology, we are able to process some transactions more cheaply than before.

This service is no longer actively used as many of our customers use our online service to place their trades. If you register online, you can trade from £11, or £8 for your 8th+ deal per quarter. It’s simple to register, just visit www.lloydsbank.com/shares and click on “Register Online”. All you’ll need is your Personal Reference Number (PRN).

Using our online service will also enable you to:

  • Get company information, expert opinion and market news
  • Track securities with our Watchlists tool
  • Track your investments by reviewing your annual statement and consolidated tax voucher. You can also handle most common corporate actions easily online.

If you would prefer to move to another share dealing service you will need to arrange the transfer with them before the 31st January 2016. We will waive our transfer fees but you will need to pay any outstanding account administration fees before you make the switch.

Do you have a Share Dealing Account and trade online?
Trade in UK only:

Your account administration charge will continue to be £10 per 6 months. Your online commission rate will reduce from £13.50 to £10 per deal.

Trade in UK and international shares:

Your account administration charge will continue to be £10 per 6 months. Your online commission rate will reduce from £13.50 to £10 per deal. Foreign currency charges will reduce from 1.5% to 1% of the trade value.

Do you have a Share Dealing Account and trade by telephone in UK shares?

Your account administration charge will continue to be £10 per 6 months. The telephone commission charge will change to a flat rate of £25 per deal.

Do you have a Share Dealing ISA and trade by telephone in UK shares, and also sell certificates?

Your account administration charge will change from 0.25% +VAT of your ISA value to a flat rate of £20 per 6 months. If your ISA valuation is more than £6,667 your new fee will be the same as, or less than, you pay currently. The fee on your Share Dealing Account will continue to be waived.

The telephone commission charge will change to a flat rate of £25 per deal. The telephone commission charge for selling certificates will change to a flat rate of £75 per deal. Depositing certificates in a Share Dealing Account will remain free and selling them after they have been deposited will be £10 for trading online or £25 for trading over the telephone.

We are making a number of changes to the fees and charges you pay on your Lloyds Share Dealing Account or ISA. In summary:

  • The account administration fee for both the Share Dealing Account and ISA is changing to a flat rate of £10 per 6 months – but the Share Dealing Account fee will continue to be waived if you have an ISA
  • Online UK and funds trading commissions, and online frequent trader rates, are being reduced from £13.50 to £10 per deal
  • Online international trading commissions and foreign exchange rates are reducing
  • Online share certificate sale commission charges are increasing
  • Telephone trading commission rates are changing to a simpler flat rate of £25 per deal instead of being based on deal size
  • Regular investment trades will reduce to £1.50
  • Foreign currency charges will reduce from 1.5% to 1%
  • The cost of transferring shares to another provider and obtaining share certificates is increasing
  • Some of our administration fees are changing.

The changes take effect on Monday 18th January 2016, with the exception of the account administration fee. Your fee will be collected in April 2016 at the current rate. The first collection at the new rate will be in October 2016.

Our service charges have not been changed for a number of years. The new charges reflect the current cost of administering your account and the increased use of online technology by many of our customers to manage their account.

Our commission rates have not been changed for a number of years. The new rates reflect the current cost to process this transaction type.

Our commission rates have not changed for many years. Due to the administration involved in selling certificates, the new rates reflect the current cost to process a certificate transaction type. Don’t worry, if you deposit your share certificates into your Share Dealing Account or ISA for free, you can then trade your shares at a lower cost.

Our commission rates have not been changed for a number of years. The new rates reflect the current cost to manage your account. With advances in technology, we are able to process some transactions more cheaply than before.

The new £10 online commission rate is very competitive in the market place and we would like all our customers to benefit from this attractive rate.If you register online, you can trade from £10, or £8 for your 8th+ deal per quarter. It's simple to register, just visit www.lloydsbank.com/shares and click on "Register Online". All you'll need is your Personal Reference Number (PRN).

Using our online service will also enable you to:

  • Get company information, expert opinion and market news
  • Track securities with our Watchlists tool
  • Track your investments by reviewing your annual statement and consolidated tax voucher. You can also handle most common corporate actions easily online.

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.