Beat Lloyds Bank exchange rates when making an international currency transfer or overseas payment, save time, money and get the best deal. It’s a good idea to evaluate Lloyds Bank money transfer options and alternatives to make sure you’re getting the maximum savings possible.
International currency transfers to or from your Lloyds Bank account in UK pounds, euros, US dollars and many other popular currencies will involve a margin or exchange rate of around 5.0% and additional bank transaction or commission fees may apply.
Lloyds’s international currency transfer rates are much higher than most money transfer providers (money transfer providers rates range between 0.45 to 1.0%).
Lloyds Bank, one of the oldest and most well-known banks in the UK, has a rich history dating back to 1765 when it was founded by John Taylor and Sampson Lloyd in Birmingham. Over the years, the bank has played a significant role in shaping the financial landscape of the country, with branches opening in London and across the UK.
Lloyds Bank has weathered through economic crises, wars, and technological advancements, evolving to meet the changing needs of its customers. Today, it is a major player in the banking industry, offering a wide range of financial services to individuals and businesses. Despite its long history, Lloyds Bank continues to innovate and adapt to the ever-changing financial environment.
International money transfers from Lloyds Bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Lloyds Bank account holder to use their services.
Unless you pay a premium, Lloyds Bank’s service can take up to 5 working days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
Lloyds Bank may additionally charge a flat rate commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer.
Save on the exchange rate conversion when transferring money abroad from your Lloyds Bank account to or from UK pounds and the euro. Lloyds Bank international money transfers to or from the European Union and the UK have higher transaction charges, due to a less competitive exchange rate offered by Lloyds. More: Lloyds Bank GBP vs EUR money transfer
Save on the exchange rate conversion when transferring money abroad from your Lloyds Bank account to or from UK pounds and the US dollar. Lloyds Bank international money transfers to or from the United States and the UK have higher transaction charges, due to a less competitive exchange rate offered by Lloyds Bank. More: Lloyds Bank GBP vs USD money transfer
Lloyds Bank has a presence in several countries around the world. Some of the countries where Lloyds Bank has locations include the United States, Spain, France, Germany, and the United Arab Emirates.
These international branches offer a range of banking services to Lloyds Bank customers living or doing business abroad.
Find Lloyds Bank branch addresses near you with our geolocation map search. Simply enter the bank name (and optionally a city or country) and the map will display the closest Lloyds Bank branches in your search area results.
You can find answers to everyday banking questions by visiting the Lloyds Bank website. If you can’t find the answer you’re looking for, you can call them from outside the UK on +44 173 334 7338
Still have questions?
Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers