Online Transfers: When you transfer less than £5,000, you pay £10 in fees. Below is a snapshot of the fees to expect when sending or receiving money in foreign currency. The fees you pay depend on how much you send and how you send it. Lloyds charges among the highest exchange rate margins of all banks when sending money abroad or when receiving foreign currency, and these rates are significantly higher than you’ll find if using specialist money transfer companies. The exchange rates may vary depending on the country you are sending money. If you would like to know more, you can check Lloyds bank exchange rates by visiting their website. GBP to CAD: Customers are billed 5.1% on top of the mid-market rate. GBP to AUD: Customers pay 4.96% above the mid-market rate GBP to EUR: Lloyds bank charges 5.08% above the mid-market rate GBP to USD: The bank charges 4.95% above the mid-market rate Here are a few scenarios involving the major currencies. The bank adds a margin of between 4.5-6% on top of the mid-market rate when transferring customers’ funds overseas. Here is a breakdown of the Lloyds exchange rates and the fees Lloyds bank charges. When using these services to make international money transfers, there are fees that you should expect to incur. These exchange rates are automatically applied. It purchases different foreign currencies at wholesale exchange rates and then adds an exchange rate margin when selling them to its customers. Lloyds bank is a major player in the foreign currency market.
South Georgia and the South Sandwich Islands. For example, if you are abroad and you need to pay in foreign currency, you can use your Lloyds debit card for purchases outside local jurisdictions and foreign currencies. This means you can use Lloyds bank to pay in foreign currency or exchange currency. Through its multi-currency services, the bank supports over 50 foreign currencies including the Sterling, Euro and US dollar. Lloyds has over 1100 branches spread across England and Wales and serves more than 10 million customers. The group is cross-listed on the London Stock Exchange and New York Stock Exchange in addition to being among the largest companies listed on the FTSE 100 financial index. Over time, it grew to what we know today as the Lloyds Banking Group bringing together Lloyds Bank, Bank of Scotland, Halifax, and Scottish Widows among other leading brands. About Lloydsįounded in 1765 by John Taylor and Sampson Lloyd, this bank started as a private financial institution in Birmingham. In this review, we shall dig deeper into the banking solutions offered, especially in relation to the bank’s international money transfer services including Lloyds exchange rates. The bank’s customers enjoy a wide array of products and services including banking solutions, investing, insurance, wealth management, and pension services. With over 250 years of experience in personal and business banking, Lloyds has managed to steer through both the good and bad economic times. Lloyds TSB International has won several awards showcasing their dedication to bringing you the best possible service and products.īest Consumer Internet Bank 2011 from Global Finance:īest Information Security Initiatives in Europeīest Online Deposit, Credit and Investment Product Offerings.Lloyds is a household name and one of the Big Four banking institutions in the United Kingdom. International tax planning available through our carefully selected partners≠ No need to move banks when you move countriesīased in a politically and economically stable jurisdictionĪccounts opened in Gibraltar or Isle of Man depending on country of residence and account currency Alternatively you can also be eligible if you have £25,000/€33,000 to deposit (solely or jointly) with Lloyds TSB International within 3 months of opening your account.įlexible and convenient access to your money To be eligible you need a gross annual income of £50,000/€66,000. 
Lloyds tsb int free#
They offer international payments free of charge and won't charge you either to receive money from other international accounts.Īccounts in multiple currencies - avoid exchange rate fluctuations
They have offices and dedicated staff located around the world to serve you in Greece. Lloyds TSB International gives you the security of a brand you can trust whilst offering products for customers with international needs.
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