LLOYDS BANK UK POUND & EURO EXCHANGE RATES
| LLOYDS BANK | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
|---|---|---|---|---|---|
| GBP £ - to EUR | NO MINIMUM | 5/7 DAYS | 5.0% | €1.081 |  |
| EUR € - to GBP | NO MINIMUM | 5/7 DAYS | 5.0% | £0.835 | |
| BROKER RATES | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
| GBP £ - to EUR | From £100 | From 1 DAY | From 0.7% | €1.13 |  |
| EUR € - to GBP | From £100 | From 1 DAY | From 0.7% | £0.873 | |
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
LLOYDS BANK – RECOMMENDED CURRENCY TRANSFER SERVICES
| BROKER RATES: GBP/EUR | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATE: GBP/EUR | MORE DETAILS |
|---|---|---|---|---|---|
| TORFX | £250 | 1 DAY | 0.7% | €1.13 |  |
| CURRENCIES DIRECT | £100 | 1 DAY | 0.7 to 1.0% | €1.126 to €1.13 | |
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
Question: How many pounds or euros will I receive for my currency transfer, after Lloyds Bank fees and charges?
Answer: Using Lloyds Bank services, the exchange rates shown are typical. All banks have individual rates and commission structures for international currency transfers. Find the latest exchange rates for an overseas bank using our Bank Rate Comparison below:
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Lloyds Bank International Money Transfers
Save money on the exchange rate when transferring funds abroad from your Lloyds bank account in UK pounds, the euro and other currencies. Lloyds Bank international money transfers to or from the UK have higher transaction charges, due to a less competitive exchange rate offered by Lloyds bank. Skip to: UK Money Transfer Specialists
Typically, sending funds to or from your Lloyds Bank account in UK pounds, euro or US dollar overseas bank account will involve a margin rate of 5.0% – much higher than most currency broker rates (typically 0.7 to 1.0%).
Currency Transfer Alternatives – Lloyds Bank
Sending foreign currency to or from your Lloyds Bank account in the UK needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.
Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.
Example: A typical overseas currency transfer of £100,000 UK pounds (GBP) using Lloyds Bank services would have a transaction exchange rate margin of around 5.0% – or £5,000 GBP. Using a specialist broker, in this example TorFX – the exchange rate margin would work out at 0.7% – or only £700 GBP in total, which is a large saving over the bank service.
Lloyds Bank – Other Useful Information
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. 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. Private brokers offer commission free currency transfers, typically over a value of £5000.
Unless you pay a premium, Lloyds Bank’s service will take from 5 to 7 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, UK – About
Lloyds Bank was created in 1765 and in 1995 the bank merged with the TSB and traded as “Lloyds TSB Bank” from 1999 to 2013. After 2013 Lloyds re-instated the Lloyds Bank name after TSB Bank was sold to Spanish Banco Sabadell.
Lloyds Bank – Head Office Address
Lloyds Bank PLC – 25 Gresham Street, London, EC2V 7HN, United Kingdom
TRANSFER PROMOTIONS
