Lloyds Bank: International Money Transfers and Overseas Payments

Learn how you can use Lloyds Bank international money transfers service to send money abroad quickly and conveniently.

Lloyds Bank offers fast and simple international money transfers to almost anywhere in the world. The service is available 24 hours a day, 7 days a week and allows you to send up to £100,000 within a matter of minutes. You also have the option of sending money overseas from the convenience of a Lloyds branch or over the phone.

As far as transfer options go, Lloyds can accommodate one-off transfers, the setting up of a recurring payment, or a transaction at a later date. The exchanges rates offered are based on live market rates, as well as the amount being transferred, and most transfers can be made within one working day.

Product NameLloyds Bank International Money Transfers
Min. Transfer AmountGBP 100
Max. Transfer AmountGBP 75,000
Transfer MethodsOnline
Transfer Speed
Minimum transfer time
2 days
Available CurrenciesAED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, INR, MXN, NOK, NZD, PLN, SEK, SGD, USD, ZAR

Send your money with Azimo

  • Make the first THREE transfers for free using code AZ-FIND
  • Send money to bank accounts, phones or cash pick-up locations
  • Most transfers take less than a day
  • Send money to 195 countries in 60 different currencies
Promoted

Beat the banks

We’ve tested the amounts a bank will give you against an average money transfer company, and the results could net you big savings. A £10,000 transfer to Denmark with a money transfer company would save DKK 1,647 compared to a bank.

Why is this? Some banks charge up to £25 extra, which may be shown to you as a sum of small charges made of percentages and absolute fees. On top of this, there’s a hidden charge – the margin on the exchange rate. Money transfer companies tend to have much lower rates than banks and are generally a better option for sending money abroad. Don’t believe us? See our table below.

Amount received for £10,000
EUR USD AUD
FC Exchange FC Exchange €11,304 EUR (save €737) $12,813 USD (save $263) $16,164 AUD (save $332)
lloyds2” Lloyds €10,567 EUR $12,550 USD $15,832 AUD

Compare Lloyds Bank to other international money transfer options

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 0 1 - 2 days GBP 0.00 1.086 EUR
5,429
Whatever amount you transfer, XE will not charge you a fee for using their service. Go to site Show details
GBP 50 2 days GBP 2.99 1.084 EUR
5,415
Send money online anytime, anywhere, with a simple to use platform and transparent fees and exchange rates shown upfront. Go to site Show details

Compare up to 4 providers

Compare all international money transfer providersBack to top

Lloyds exchange rates

Lloyds offers immediate conversion from one currency to another at the current exchange rate for customers.

To view Lloyds’ exchange rate for your transfer destination, login to your internet banking account and enter the details of your transfer. You’ll be able to review the details of your transaction, including the exchange rate that will apply, before you commit to the transfer.

Back to top

How much does it cost to transfer money with Lloyds?

Lloyds charge £9.50 to make international payments from your account, although it is free if you are transferring money into another Lloyds account.

Back to top

Minimum transfer amount and available countries

There is currently no minimum limit, but there is a maximum transfer amount of £100,000 per transaction.

As a ‘Big 4’ bank, Lloyds offers transfers to bank accounts all around the world. For a full list of where you can send funds, contact Lloyds Bank.

Back to top

What types of transfers can you carry out with Lloyds?

Lloyds offers the following transfer options when you want to send money to an overseas bank account:

  • One-off transfers. This allows you to send money overseas quickly and conveniently.
  • Repeated payments. You can make use of this transfer option when sending money to the same person, a family member for example, multiple times.

If you ever need help regarding Lloyds international money transfers, a selection of frequently asked questions and answers can be accessed through the bank’s website. Phone support is available 24/7, or you can pop into your nearest Lloyds branch for assistance.

Back to top

The registration and transfer process

You’ll need to be a Lloyds Bank account holder in order to send money overseas, so make sure you take a look at all the banking services available from Lloyds to decide if they meet your needs.

To send an online transfer, login to your Lloyds Internet Banking account. You can then navigate to the account from which you want to make the payment and click on ‘Send Money Overseas’.

Next, enter the details of your payment, including:

  • the recipient’s name and address (exact full name or company name)
  • the recipient’s IBAN (International Bank Account Number) or account number
  • the name and address of recipient’s bank – including the BIC (Business Identifier Code) / SWIFT code / clearing code
  • The amount you wish to send

The final step is to review and confirm the details of your transfer.

The number you need to call to send a phone transfer depends on your account type, while you’ll need to take photo ID and your beneficiary’s details with you if you want to send a payment from an Lloyds Bank branch.

Back to top

What are the pros and cons of using Lloyds?

Pros

  • Choice of transfer methods. You can place a transfer online through your internet banking account, over the phone or by visiting a Lloyds branch.
  • Secure and convenient. Sending an international money transfer with Lloyds gives you the security and peace of mind of dealing with a trusted global financial institution, plus HSBC customers will already have an account set up and will not have to go through a registration process to access the service.

Cons

  • Some charges apply. Transaction fees apply to all transfers to non-Lloyd accounts, and the exchange rate will usually be significantly worse than a specialist money transfer company.
Back to top

What other products and services does Lloyds offer?

As a global financial institution, HSBC offers an extensive range of banking products and services to its customers. In terms of international banking it offers the following:

  • Investment services You can manage portfolios and make investments, with the help of a personal adviser, to help you achieve your goals and aspirations
  • Travel money. Lloyds allows you to order your travel money online and take advantage of free next-day delivery.
  • Mortgages and loans. You can get loans from Lloyds to help you when buying a home or need some extra cash.
Back to top

Frequently asked questions


If you’re impressed with the features offered by Lloyds’ international money transfer service, make sure to compare it with the options available from other money transfer providers. Taking the time to weigh up your options will ensure that you can find the right solution to your transfer problems.

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

Related Posts

  • Lloyds loan calculator
    Considering a Lloyds personal loan? Use our calculator to work out how much you'll pay back. Not only that, you can see how Lloyds stacks up against the competition and make sure you're getting the best deal.
Go to site