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  • Lloyds Bank International Money Transfers

    Money transfers

    Benefits

    • Send and receive money internationally for free
    • Transfer money between your currency accounts
    • All major currencies available

    Need to know

    • You need to have a current or savings account with us to use this service
    • Correspondent and recipient bank charges may apply
    • Charges may apply, dependent on account withdrawal restrictions
    • The amount sent or received may vary as the exchange rate fluctuates constantly
    • We may make additional security checks before acting on a particular request for an International Money Transfer, when we believe we are justified in doing so
    • We won't charge you for transferring money overseas. However, correspondent and recipient bank charges may apply
    • Useful to pay bills, your mortgage abroad or to send money to friends and family abroad
    • Move money between your currency accounts
     
    • A range of foreign exchange services including Spot FX, Regular Currency Plans and Limit Order FX
    • Send up to £100,000 a day to almost anywhere in the world
    • You can make international money transfers online via Internet Banking
     
  • Sending Funds
    International Moneymover Service*Free:
    • Through Internet Banking
    • Through International PhoneBank, in branch, or in writing
    • Through Standing Order
    • To your other accounts held with Lloyds Banking Group
     
     
    Correspondent Bank Fee*Zone 1 (USA, Canada and Europe)£12
    Zone 2 (Rest of the world)£20
    (Note: For the purposes of the Correspondent Bank Fee, Europe is defined as all EEA countries plus Jersey, Guernsey, Isle of Man, Monaco, San Marino and Switzerland)
    Electronic Funds Transfer
    (CHAPS payments within the British Isles)
    £30  
    Recalling a payment

    We cannot guarantee the cancellation as funds may already have been paid to the beneficiary.

    Lloyds Bank International do not charge customers to recall a payment, however any return of funds may be subject to deductions in the form of

    • Beneficiary bank or other institutions return payment fees
    • Foreign bank charges
    • Foreign exchange fluctuations

     

     

    *When making an International Payment there are two charging methods:

    Split Charges: Recipient and Correspondent banks abroad may charge a fee for receiving payments which will be paid by the recipient if you choose to share charges.

    Pay all Charges: A Correspondent Bank Fee will be payable for international payments where you choose to pay the charges for the recipient, if you are permitted to do so based upon the destination of the payment and the type of account that you hold. The Correspondent Bank Fee replaces all Correspondent 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.

    Receiving funds

    Electronic Bank Transfer from another financial institutionFree
    Cheque Collections

    Cheques up to £100: £5

    Cheques of £100 and above:
    25p per £100 (min £15, max £80 per cheque)

    Cheque negotiation to Sterling account
    The correspondent bank may impose an additional charge based on the value of the cheque.  

    Cheques up to £100: £5

    Cheques of £100 and above:
    25p per £100 (min £8, max £80 per cheque)

    Cheques in a foreign currency drawn in a different country
    (e.g. US Dollars drawn in France, but not UK):
    25p per £100 (min £10, max £80 per cheque)

    Cheque negotiation to current account
    The correspondent bank may impose an additional charge based on the value of the cheque.  

    Cheques in the same currency as the account: £2 per cheque

    Chequesrequiring currency conversion: £4 per cheque

  • What exchange rate will I get?

    We offer a wide range of foreign exchange services. When you make a payment online, you'll be told how much you should expect to leave your account or how much the recipient will receive.

    If you want certainty over the exchange rate, you should make your payment in the currency of the country you are sending it to. Otherwise, you won't know what exchange rate is going to be used by the receiving bank.

    Standard Exchange Rate

    Payments are processed using our standard exchange rate. The tables below provides an indication of the margin, which is 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). The margin will be applied and incorporated within your foreign exchange rate.

    Please note if you are sending funds from a Sterling International account please refer to below table:

    (Sterling Premier International Current Account, Sterling International Current Account, International Regular Saver Account, Island Current & Savings Account. *Excluding Sterling International Bonus Saver*)

    Payment Value in GBP Current margin for sending money in a foreign currency from a Sterling International Account
    0 - £10,000 3.55%
    £10,000 - £50,000 3.55% - 2.40%
    £50,000 - £100,000 2.40% - 2.10%
    £100,000 - £250,000 2.10% - 1.50%
    £250,000 and above 1.50%

    Please note if you are sending funds from a Currency International account please refer to below table:

    (Euro & US Dollar Premier International Account, Euro & US Dollar International Account, International Bonus Saver, International Incentive Saver, Fixed Term Deposit & Money Market Call Account. *Including Sterling International Bonus Saver*)

    Payment Value in GBP Current margin for sending money in a foreign currency from a Currency International Account
    £0 - £25,000 2.70%
    £25,000 - £50,000 2.00%
    £50,000 - £99,999 1.20%
    £100,000 - £149,999 1.00%
    £150,000 - £499,999 0.75%
    £500,000 - £749,999 0.50%
    £750,000 and above 0.20%

    For our exchange rates for international money transfers, please call us or contact your Relationship Manager

    From the UK: 03457 449 900

    From outside the UK: + 44 (0) 1539 736 626

    Lines are open 6am – Midnight UK time, 7 days per week. Calls may be monitored/recorded.

  • International Moneymover Service
    • Free*, fast and convenient money transfers in all major currencies.
    • Send money online via Internet Banking or over the phone.

    Online:

    Make international money transfers from your accounts for free*. However, correspondent and recipient bank charges may apply.

    Telephone:

    Call International PhoneBank®:

    From the UK: 03457 449 900

    From outside the UK: + 44 (0) 1539 736 626

    Lines are open 6am – Midnight UK time, 7 days per week. Calls may be monitored/recorded.

    There may be limits on payments you can make and we may not be able to start processing all payments instructed out of normal banking hours.

    In writing:

    You can send your request to transfer money overseas to:

    Lloyds Bank
    PO Box 368
    Douglas
    Isle of Man
    IM99 3XU

    Security

    We may make additional security checks before acting on a particular request for an International Money Transfer, when we believe we are justified in doing so.

    *When making an International Payment there are two charging methods:

    Split Charges: Recipient and Correspondent banks abroad may charge a fee for receiving payments which will be paid by the recipient if you choose to share charges.

    Pay all Charges: A Correspondent Bank Fee will be payable for international payments where you choose to pay the charges for the recipient, if you are permitted to do so based upon the destination of the payment and the type of account that you hold. The Correspondent Bank Fee replaces all Correspondent 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.

    International Standing Orders

    Make regular International Money Transfers automatically and free of charge.

    • Ideal for paying bills
    • Send money regularly to your family
     

    How do I start an international money transfer?

    You will require:

    • Their Bank Identifier Code (BIC), SWIFT code or national bank code.
    • Their bank account number or International Bank Account Number (IBAN).
    • Their full name.
    • Their bank's full address.
    • BIC and IBAN codes are similar to a bank account number and sort code in the UK. They are compulsory for payments to European Economic Area (EEA) countries and other countries around the world where an IBAN is required. You'll need to get these details from the person receiving the payment overseas.
     

  • How do I create a new international recipient?

    You'll need to provide us with your recipient's bank account number and the full name and address of their bank.

    For payments to the EU (European Union and EEA (European Economic Area) and selected other countries, you'll also need to provide the BIC (Bank Identifier Code)/Swift code and the IBAN (International Bank Account Number).

    What information do I need to supply for a new international recipient?

    You'll need to give us accurate information about the person you are sending it to. This includes:

    • Their Bank Identifier Code (BIC), SWIFT code – a standard format for BIC codes – or national bank code
    • Their bank account number or International Bank Account Number (IBAN).
    • Their full name.
    • Their bank's full address

    BIC and IBAN codes are similar to a bank account number and sort code in the UK. They are compulsory for payments to European Economic Area (EEA) countries and other countries around the world where an IBAN is required. You'll need to get these details from the person you want to transfer money overseas to.

    What is an IBAN?

    IBAN stands for International Bank Account Number. It is a unique code that identifies an individual bank account. We won't be able to process your payment to the European Union, EEA (European Economic Area) and other countries where an IBAN is required, without it.

    IBANs are obligatory for payments to the European Union and EEA (European Economic Area) and other countries where an IBAN is required. Please note that IBANs can have a different number of characters and are a mix of letters and numbers.

    Where can I find a recipient's Bank Identifier Code (BIC)/SWIFT code?

    You'll need to ask your recipient for the BIC/SWIFT code of their bank.

    How long do payments take?

    Your payment should get to the recipient's bank in 1-3 days – the time it takes will vary from country to country. We aren't in control of how long it takes the recipient's bank to process the transfer, however.

    Will I get a receipt?

    You'll get a reference number if you pay online and can print off your own receipt. Payments made by phone will be shown on your statement, so please check this carefully. Payment confirmations are available upon request.

    What happens if the money doesn't arrive?

    If for any reason the money doesn't arrive, please tell us as soon as possible and we'll try to trace it. You may be charged for this service.

    Can I pay a foreign currency cheque into my account?

    Yes. Charges will vary depending on the value of the cheque and whether it's paid into a Currency Account or a Sterling Account.

    What is the difference between funds by negotiation and funds by collection?

    Cheques or drafts by negotiation will be credited to your account in a few days, minus charges. This service can only be used if the draft or the cheque is in the local currency. Credits from cheques can still be reversed by the bank at a later date if it turns out that the payer's bank account has insufficient funds.

    If the payment is from a high-risk country or isn't in the sender's local currency, it's likely the payment will be sent for collection. This means your account won't be credited until we're certain the money will be paid. The time this takes will depend on the country involved – it can take several weeks.

    It's usually cheaper, quicker and simpler to use electronic payments.

    When will I be able to make an international payment to my new recipient?

    Payments to new recipients can be made as soon as their details have been set up.

  • Online International Payments via Currency Internet Banking

    You can make international money transfers online via Currency Internet Banking, which is available for International current accounts held in Euros and US Dollars.

    The advantages of Online International Payments

    • You can transfer money overseas when it suits you – 24 hours a day, 7 days a week. Payments are processed during normal banking hours
    • It's easy to send money to anyone you've already made a payment to, as we'll store their details
    • Send up to £100,000 a day (or currency equivalent) to almost anywhere in the world.

    How to make an International Payment online

    Watch our demo to see how to make an international payment online.

    View demo 

    Online Transfer payments via Sterling Internet Banking

    Sending money abroad

    The quick and secure way to send money around the world.

    Available online 24 hours a day, 7 days a week. We’ll process your payment during normal banking hours.

    Send from £1.01 up to £100,000 per day via Internet Banking.

    We won't charge you for transferring money overseas. However, correspondent and recipient bank charges may apply.

    Once you’ve set up a new recipient online, we’ll save the details to make it easier for you next time.

    Making an International Payment

    Sending money abroad online is easy.

    Use our online calculator for an indication of cost and fees for the payment. When you’re ready, you’ll be able to complete the payment in a few simple steps.

    Make a payment

    What you need to make a payment

    • The recipient’s name, address and their bank’s address
    • For some countries, including all countries in the European Union, you need the BIC/SWIFT code and the IBAN (this replaces the account number)
    • For the rest of the world, you will need the recipient’s bank account details, such as their account number
  • How much will it cost?

    You can use our international payments calculator to get an estimate of how much a payment will cost. You’ll see this useful tool when you go to send money abroad from your account.

    Our fees

    We won't charge you for transferring money overseas. However, correspondent and recipient bank charges may apply.

    If you make the payment using Internet Banking then the recipient will pay their bank or correspondent bank charges that may apply.

    If you would like to pay the recipient and / or correspondent bank charges then you need to make the payment in branch or over the phone.

    How long will my payment take?

    Processing your payment

    Payments made before 3pm on a working day will be processed the same day. Otherwise, the payment will be processed on the following working day.

    Money will only be debited from your account when your payment has been processed.

    When will the money arrive in the recipient’s account?

    Once your payment has been processed you can follow the below guidelines:

    Currency and destinationDelivery times
    Payments in euro to EU and EEA* countries, Monaco, Switzerland or San MarinoNo later than the next working day
    Any other currency to EU and EEA* countries, North America, Canada, South Africa, Australia, New Zealand, Middle East and the Far EastGenerally no later than four working days
    Any currency to any other countryShould take no longer than 14 working days

    *The European Economic Area (EEA) includes countries in the European Union and also Iceland, Liechtenstein and Norway.

    Make a payment

  • Need help?

    From the UK, call:

    03457 449900

    Outside the UK, call:

    +44 (0) 1539 736626

    Mon-Sun 8am-8pm. Not all Telephone Banking services are available 24 hours a day, seven days a week.
    Or contact your Relationship Manager

Lloyds Bank Corporate Markets plc is authorised and regulated in the UK as the non-ring fenced bank of the Lloyds Banking Group. The Jersey, Guernsey and Isle of Man branches of Lloyds Bank Corporate Markets plc are each separately licensed as regulated deposit-takers in their respective jurisdictions. Lloyds Bank Corporate Markets plc is independent from Lloyds Bank plc, which is authorised and regulated in the UK as the ring fenced bank of the Lloyds Banking Group. For more information on ring-fencing visit international.lloydsbank.com/ringfencing/.

Our International services are offered by Lloyds Bank Corporate Markets plc. See Company Information. Whilst our services will be available to many customers, there are countries where, due to legal or regulatory restraints, we cannot provide them.

Rules and regulations made under the UK Financial Services and Markets Act 2000 for the protection of depositors and investors, including the Financial Services Compensation Scheme, do not apply to the financial services business of companies within the Lloyds Banking Group carried out from offices outside of the United Kingdom.

Lloyds Bank Corporate Markets plc. Registered Office and principal place of business: 25 Gresham Street, London, EC2V 7HN. Registered in England and Wales no. 10399850 with company number 10399850. Lloyds Bank Corporate Markets plc in the UK is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 763256. Authorisation can be checked on the Financial Services Register.

Services provided by the Jersey, Guernsey and Isle of Man branches of Lloyds Bank Corporate Markets plc will be subject to the regulatory regime applicable in their respective jurisdiction, which will differ in some or all respects from that of the UK.

Further information about the regulatory status of the Jersey, Guernsey and Isle of Man branches of Lloyds Bank Corporate Markets plc, is set out below.

The Jersey branch of Lloyds Bank Corporate Markets plc, principal place of business 9 Broad Street, St Helier, Jersey, JE2 3RR, is regulated by the Jersey Financial Services Commission to carry on deposit-taking business under the Banking Business (Jersey) Law 1991 and general insurance mediation business under the Financial Services (Jersey) Law 1998 and has also notified the Jersey Financial Services Commission that it carries on money service business. Lloyds Bank Corporate Markets plc, Jersey Branch, subscribes to the Jersey Code of Practice for Consumer Lending.

The Guernsey branch of Lloyds Bank Corporate Markets plc, principal place of business 1 Smith Street, St Peter Port, Guernsey GY1 2JN, is licensed by the Guernsey Financial Services Commission to take deposits and insurance intermediary business under the Banking Supervision (Bailiwick of Guernsey) Law 2020, and the Insurance Managers and Insurance Intermediaries (Bailiwick of Guernsey) Law, 2002 (as amended), respectively, and is also registered with the Guernsey Financial Services Commission as a money service provider.

The Isle of Man branch of Lloyds Bank Corporate Markets plc, principal place of business Villiers House, 2 Victoria Street, Douglas, Isle of Man, IM1 2LN, is licensed by the Isle of Man Financial Services Authority to conduct deposit-taking and is also registered as an insurance intermediary in respect of general business.

Lloyds Bank International is the registered business name of Lloyds Bank Corporate Markets plc in Jersey and the Isle of Man.

Lloyds Banking Group plc does not guarantee the liabilities of its subsidiaries. The paid up capital and reserves of Lloyds Banking Group plc was £53.152bn billion as at 31 December 2021. Rules and regulations made under the UK Financial Services and Markets Act 2000, including the Financial Services Compensation Scheme, do not apply to the financial services business of companies within the Lloyds Banking Group carried out from offices outside the United Kingdom.

The paid up share capital and reserves of Lloyds Bank Corporate Markets plc was £3.489 billion as at 31 December 2021. Copies of our terms and conditions and latest report and accounts are available upon request from the above registered office.

Lloyds Bank International is the registered business name of Lloyds Bank Corporate Markets plc in Jersey and is a participant in the Jersey Bank Depositors Compensation Scheme. The Scheme offers protection for eligible deposits of up to £50,000. Eligible deposits are deposits held by private individuals and charities. Depositor protection does not extend to corporations, small to medium sized enterprises, partnerships and trusts. The maximum total amount of compensation is capped at £100,000,000 in any 5 year period. Full details of the Scheme and banking groups covered are available on the States of Jersey website or on request.

The Isle of Man branch of Lloyds Bank Corporate Markets plc is a participant in the Isle of Man Depositors’ Compensation Scheme as set out in the Depositors’ Compensation Scheme Regulations 2010, as amended (the “Isle of Man Scheme”). The Isle of Man Scheme offers protection for ‘eligible protected deposits’ of up to £50,000 (which includes deposits by most individual persons but does not, for example, include trustees or nominees) or £20,000 for most other categories of depositor, subject to certain rules and limitations set out in the  Isle  of  Man  Scheme.  Further details of the Isle of Man Scheme are available on the Isle of Man Financial Services Authority’s website and on request.

The Guernsey branch of Lloyds Bank Corporate Markets plc is a participant in the Guernsey Banking Deposit Compensation Scheme. The Scheme offers protection for 'qualifying deposits' up to £ 50,000, subject to certain limitations. The maximum total amount of compensation is capped at £ 100,000,000 in any 5 year period. Full details are available on the Scheme's website or on request from telephone: +44 (0) 1481 722756 or post: P.O. Box 33, Dorey Court, Admiral Park, St Peter Port, Guernsey GY1 4AT. Deposits are not covered by the Financial Services Compensation Scheme under the Financial Services and Markets Act 2000 in the United Kingdom.

Deposits with the Guernsey branch of Lloyds Bank Corporate Markets plc will not be covered by any equivalent deposit compensation scheme to the Guernsey Banking Deposit Compensation Scheme in any other jurisdiction.

Complaints involving the Isle of Man branch of Lloyds Bank Corporate Markets plc that it cannot settle should be referred to the Financial Services Ombudsman Scheme in the Isle of Man. Complaints involving the Jersey and Guernsey branches of Lloyds Bank Corporate Markets plc that it cannot settle should be referred to the Channel Islands Financial Ombudsman.

View our information on how to complain.

Please note that, in relation to banking services which we provide, you might not be eligible for compensation under a deposit protection guarantee scheme available in your country of residence. If in doubt, contact your local banking regulator, visit their website or seek independent advice.

Lloyds Bank Corporate Markets plc is incorporated in England and Wales with company number 10399850 and is authorised by the Prudential Regulation Authority (PRA), registration number 763256 and regulated by the Financial Conduct Authority (FCA)and the Prudential Regulation Authority. The Jersey, Isle of Man and Guernsey branches of Lloyds Bank Corporate Markets plc are licensed by the Jersey Financial Services Commission, the Isle of Man Financial Services Authority and the Guernsey Financial Services Commission respectively. Lloyds Bank Corporate Markets plc is a wholly owned subsidiary of Lloyds Banking Group plc. The Jersey, Isle of Man and Guernsey branches of Lloyds Bank Corporate Markets plc place funds with Lloyds Bank Corporate Markets plc and thus their financial standing is linked to that of Lloyds Banking Group.

Depositors may wish to form their own view on the financial standing of Lloyds Bank Corporate Markets plc and their parent company based upon publicly available information.

Legislation or regulations in your home jurisdiction may prohibit you from entering into such a transaction with us. We reserve the right to make final determination on whether you are eligible for any products or services. Residents or Nationals of certain jurisdictions may be subject to exchange controls and should seek independent advice before entering into any transactions with us.