Beat TSB 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 TSB Bank money transfer options and alternatives to make sure you’re getting the maximum savings possible.
International currency transfers to or from your TSB 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.
TSB’s international currency transfer rates are much higher than most money transfer providers (money transfer providers rates range between 0.45 to 1.0%).
TSB Bank, also known as the Trustee Savings Bank, has a rich history dating back to 1810 when it was founded in Birmingham, England. Originally established as a mutual savings bank to help working-class individuals save and manage their money, TSB has grown over the years to become one of the leading banks in the UK.
In 1986, TSB merged with Lloyds Bank to form Lloyds TSB, before eventually splitting off again in 2013 to become an independent entity once more.
International money transfers from TSB Bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing TSB Bank account holder to use their services.
Unless you pay a premium, TSB 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.
TSB 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 TSB Bank account to or from UK pounds and the euro. TSB 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 TSB. More: TSB Bank GBP vs EUR money transfer
Save on the exchange rate conversion when transferring money abroad from your TSB Bank account to or from UK pounds and the US dollar. TSB 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 TSB Bank. More: TSB Bank GBP vs USD money transfer
TSB Bank has expanded its presence abroad with several locations in various countries. As of now, TSB Bank has branches in countries such as the United States, Australia, Canada, Germany, and Spain, among others.
This international presence allows TSB Bank customers to access their accounts and banking services while traveling or living abroad, making it convenient for them to manage their finances seamlessly across borders.
Find TSB 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 TSB Bank branches in your search area results.
You can find answers to everyday banking questions by visiting the TSB Bank website. If you can’t find the answer you’re looking for, you can call them from outside the UK on +44 207 481 2567
Still have questions?
Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers