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  • International Money Transfers

    If you need to make payments abroad, or send money to your own accounts overseas, our free overseas money transfers service could make sense.

    Correspondent and recipient bank charges may apply. 

    Find out how the process works.

  • You may need to make overseas money transfers for a variety of reasons.

    This service could be particularly useful for people:

    • Topping up a bank account in a different country.
    • Paying bills.
    • Sending money to family.
    • Making purchases.
    • Running a home or a holiday home.
    • Working or living abroad.
    • About to move to the UK.
    • Buying or investing in a property abroad.
    • Travelling frequently.
    • With dependants in different countries.

    If you are sending money abroad for the first time, you could be worried that the process is complicated and expensive. But for Lloyds Bank International Banking customers, making an overseas money transfer is simple and straightforward – and, it's free with our International Moneymover Service. However, correspondent and recipient bank charges may apply. Whilst our services will be available to many of our customers, there are countries where, due to legal or regulatory restraints, we cannot provide them. This step-by-step guide explains how the process works.

  • Sending money abroad step-by-step

    1. Assess your needs

    If you know you will need to send money abroad on a regular basis, it could make sense to set up an international bank account. You can bank in different major currencies with flexibility.

    You need to hold one of these Lloyds Bank International accounts:

    • International Current Account in Sterling, US Dollars or Euros
    • Savings accounts in all currencies (Bonus Saver and Incentive Saver)
    2. Think about how you want to make payments

    Lloyds Bank Corporate Markets plc lets you make payments online 24 hours a day, 7 days a week, or over the phone from 6 am to midnight, 7 days a week. We’ll process your payment during normal banking hours. Payment limits vary depending on the account you have and on how you request the payment, but will usually be higher for payments made online.

    3. Understand the various methods available for sending money overseas and weigh up the pros and cons.

    There are several options to choose from:

    Electronic transfers

    The cheapest and simplest way of sending money abroad is through an electronic transfer. You can use the free, fast International Moneymover Service which allows you to make overseas money transfers in all major currencies. However, correspondent and recipient bank charges may apply.

    International Standing Orders

    These allow you to make overseas money transfers on a regular basis using your International Currency Account. They are ideal for paying bills, topping up an account in another country or sending money to family on a regular basis. It means you won't forget to make a payment if you’re busy or away. It's as straightforward as setting up a normal standing order. You can set up the payment online, by phone or in writing and once the initial instruction has been received it will happen automatically, until you request it to stop.

    International Drafts

    These are the international equivalent of a cheque. They’re useful if you don't have your recipient’s bank account details. International Drafts are sent through the mail, which often takes longer than electronic transfers.

    The bank account that the draft is paid into has to be in the same name as the recipient on the draft.

    Weigh up the pros and cons, together with the costs of the different methods for sending money abroad.

    In most circumstances, using electronic payments will be the quickest, cheapest and easiest method of sending money abroad for both one-off and regular payments.

    4. Check the exchange rate.

    If you are sending money abroad, your payment is being converted from one currency into another. Lloyds Bank International banking offers a wide range of foreign exchange services to help make your transfer quick and easy.

     To find out the current exchange rates please contact us.

    5. Decide on the currency you want to use.

    You can make a payment in two ways

    • Pay in your own currency, which is then converted into the local currency when it arrives at its destination
    • Convert the amount into the destination currency before paying it overseas

    When you make overseas money transfers online with your international currency account, you'll be able to see clearly how much money will leave your account – or how much the recipient will get.

    If you need to be sure of how much is leaving your account then pay in your own currency – but the amount that will be deposited in the account abroad will depend on the exchange rate on the day that payment is made.

    If you need certainty about the exchange rate, make your payment in the currency of the destination country. This removes any uncertainty about the exchange rate used by the receiving bank.

    Please be aware that the overseas banks involved may make a charge, which we have no control over.

    6. Gather the information you need from the intended recipient.

    You'll need to get information from the person or company that you want to make an overseas money transfer to, about their bank account.

    7. Set up the payment details.

    If you’re making a payment online, it's easy to set up the payment details once you have the information you need from the intended recipient (see step 6).

    Alternatively, if you find sending money abroad easier to do by phone or mail then you’ll need to provide the details of the recipient (see step 7) and the payment to us. You can start sending money abroad to the new recipient as soon as their details are set up.

    8. Make the payment.

    You can set up the recipient and make overseas money transfers via Internet Banking. Just log in and follow the instructions.

    To make the payment by phone or in writing make sure you include the details of the payment along with the instructions to set up the recipient (see steps 7 and 8). You can print out a receipt for the payment if you make it online, otherwise, check your statements to confirm the overseas money transfer has been made as requested.

    Payments are subject to normal account withdrawal restrictions.

    9. Need to repeat a payment?

    Your recipient’s details are saved, so it's easy to make a payment again. If you need to make a payment regularly to the same recipient, consider setting up an International Standing Order.

    10. Need to stop a payment?

    We can’t guarantee the cancellation as your payment may already have been made, but if you ask us to stop a payment, we will do our best.

    You could receive less than the original amount of the payment, because of adverse exchange rate movements. There is a charge of £20 per payment.

    11. What you should do 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.

  • Don't forget...

    When you’re sending money overseas, there are a few things you need to be aware of:

    Time zones

    Your payments are only handled by banks during their normal working hours – and the receiving bank may be in a different time zone. This can affect how quickly your payment is handled. You may need to take this into account if you need to meet a payment deadline.

    Costs and charges

    Sending money overseas using the Lloyds Bank International Moneymover Service is free. However, correspondent and recipient bank charges may apply.

    Delays

    Payments to banks in the EEA (in euro or another EEA currency)
    By law, the bank receiving the payment from us must pay it to its customer’s account on the day it receives it from us.

    For Payments outside the EEA, Monaco and Switzerland or in non-EEA currencies While this will usually be within five working days, we cannot control exactly when the foreign bank will get it. This will depend on the banking practice of that country but should be no longer than 14 working days.

  • Receiving money from abroad

    If you're being sent money from overseas, it’s normally cheaper and easier to receive the money through an electronic bank transfer. So, make sure you provide your bank details to the sender.

    If you’re sent a cheque or a draft, you can pay it into your account. Cheques or drafts can be processed as either:

    • funds by negotiation
    • funds for collection

    The costs for handling them (and how quickly you can access the money) will depend on how they’re treated.

  • Funds by negotiation

    Cheques or drafts by negotiation will be credited into 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. Cheques can still be unpaid by the bank, at a later date.

  • Funds for collection

    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.

    More information on charges for sending and receiving overseas money transfers >

  • How we can help

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    Moving abroad

    Planning on working or retiring overseas? We could help you keep your finances running smoothly.

    Moving abroad (Moving abroad)

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/.

Lloyds Bank International Limited and Lloyds Bank (International Services) Limited, both Jersey registered and regulated banks are subsidiaries of Lloyds Bank Corporate Markets plc, a UK Non-ring-fenced Bank. All such companies are part of Lloyds Banking Group plc and are independent from Lloyds Bank plc which is Lloyds Banking Group’s ring-fenced, UK regulated retail and commercial bank. For more information on ring-fencing visit international.lloydsbank.com/ringfencing.

Our International services are offered by Lloyds Bank Corporate Markets plc, Lloyds Bank International Limited, Lloyds Bank (International Services) Limited & Lloyds Investment Fund Managers Limited. 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 at www.fca.org.uk.

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 11-12 Esplanade, St Helier, Jersey JE2 3QA, 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 PO Box 136, Sarnia House, Le Truchot, St Peter Port, Guernsey, GY1 4EN, is licensed by the Guernsey Financial Services Commission to take deposits and insurance intermediary business under the Banking Supervision (Bailiwick of Guernsey) Law, 1994, 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 PO Box 111, Peveril Buildings, Peveril Square, Douglas, Isle of Man IM99 1JJ, 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 a trading name of the Jersey, Guernsey and Isle of Man branches of Lloyds Bank Corporate Markets plc.

The paid up capital and reserves of Lloyds Bank Corporate Markets plc was £3.9bn as at 31st December 2018. Copies of our terms and conditions and latest report and accounts are available upon request from the above registered office.

Lloyds Bank Corporate Markets plc, Jersey Branch trading as Lloyds Bank International 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 www.gov.je/dcs or on request.

Lloyds Bank Corporate Markets plc, Isle of Man Branch trading as Lloyds Bank International is a participant in the Isle of Man Depositors’ Compensation Scheme as set out in the Depositors’ Compensation Scheme Regulations 2010.

Lloyds Bank Corporate Markets plc, Guernsey Branch trading as Lloyds Bank International 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: www.dcs.gg or on request from telephone: +44 (0) 1481 722756 or post: P.O. Box 33, St Peter Port, 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.

Rules and regulations made under the Financial Services and Markets Act 2000 for the protection of 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 International Limited. Registered office and principal place of business: 11-12 Esplanade, St Helier, Jersey, JE2 3QA. Lloyds Bank International Limited is incorporated in Jersey, No. 4029 and is regulated by the Jersey Financial Services Commission to carry on deposit-taking business under the Banking Business (Jersey) Law 1991 and investment and general insurance mediation business under the Financial Services (Jersey) Law 1998. Lloyds Bank International Limited subscribes to the Jersey Code of Practice for Consumer Lending and has also notified the Jersey Financial Services Commission that it carries on money service business.

Lloyds Bank (International Services) Limited. Registered office and principal place of business: 11-12 Esplanade, St Helier, Jersey, JE2 3QA. Lloyds Bank (International Services) Limited is incorporated in Jersey and is regulated by the Jersey Financial Services Commission to carry on deposit taking business under the Banking Business (Jersey) Law 1991. Lloyds Bank (International Services) Limited has also notified the Jersey Financial Services Commission that it carries on money services business.

Lloyds Bank Corporate Markets plc and Lloyds Bank (International Services) Limited are participants 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 www.gov.je/dcs or on request.

The Guernsey branch of Lloyds Bank International Limited, principal place of business PO Box 136, Sarnia House, Le Truchot, St Peter Port, Guernsey, GY1 4EN, is licensed by the Guernsey Financial Services Commission to take deposits and to carry on controlled investment business and insurance intermediary business under The Banking Supervision (Bailiwick of Guernsey) Law, 1994, The Protection of Investors (Bailiwick of Guernsey) Law, 1987 (as amended) 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 International Limited of PO Box 111, Peveril Buildings, Peveril Square, Douglas, Isle of Man IM99 1JJ is licensed by the Isle of Man Financial Services Authority to conduct deposit-taking and investment business and is also registered as an insurance intermediary in respect of general business.

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 International Limited and Lloyds Bank (International Services) Limited are wholly owned subsidiaries of Lloyds Bank Corporate Markets plc. Lloyds Bank Corporate Markets plc is incorporated in the United Kingdom, is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under number 763256, and is part of the Lloyds Banking Group. Lloyds Bank International Limited and Lloyds Bank (International Services) Limited place funds with Lloyds Bank plc and Lloyds Bank Corporate Markets plc and thus their financial standing is linked to that of the group.

Depositors may wish to form their own view on the financial standing of Lloyds Bank Corporate Markets plc and Lloyds Bank (International Services) Limited and their respective parent company based upon publicly available information. Lloyds Bank Corporate Markets plc and Lloyds Bank (International Services) Limited's latest annual financial statements are available on our website at http://international.lloydsbank.com/legal-information/.

The paid up capital and reserves of Lloyds Bank International Limited was £809m at 31st December 2018. Copies of our terms and conditions and latest report and accounts are available upon request from the above registered office.

Lloyds Investment Fund Managers Limited. Registered office: 11-12 Esplanade, St Helier, Jersey, JE2 3QA. Authorised by the Jersey Financial Services Commission under the Collective Investment Funds (Jersey) Law 1988.

View our information on how to complain.

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.