International Services tariff
Sending and receiving money | Currency accounts | Bills and cheques/drafts in foreign currency or drawn abroad | Clean and Documentary bills received from abroad | Letters of Credit | Lloyds TSB Aval | Guarantees and Standby Letters of Credit | Status enquiries | Foreign exchange | Post payment charges
Sending and receiving money
Sending money abroad
Transaction type | Charges |
|---|---|
Standard International Moneymover | £21 |
Express International Moneymover1 | £28 |
Non-urgent Euro (SEPA)2 | £19 |
International Draft payable abroad | £15 |
All charges are per item unless otherwise stated.
1Express International Moneymovers in Euro that do not contain a valid Bank Identifier Code (BIC) and International Bank Account Number (IBAN) will have an additional charge of £7 applied.
2 For non-urgent Euro (SEPA) you must provide a Bank Identifier Code (BIC) and International Bank Account Number (IBAN).
Charges as at 28th January 2008.
Receiving money from abroad
Transaction type | Charges |
|---|---|
Electronic payments received from abroad | Up to £100 – £2 Over £100 – £7 |
Foreign cheque/draft |
Currency accounts
Euro current accounts
Transaction type | Charges |
|---|---|
Maintenance fee | £24 per annum (half yearly fee of £12 charged in March and September) |
Foreign banknotes paid in or out (i.e. foreign banking)3 | £2 per £100; minimum £3; plus £10 administration fee |
Euro BACS credit paid into your Euro account | 15p |
Cheques issued from your Euro cheque book and paid abroad | £5 |
Euro cheques drawn in UK and paid into your account | |
Currency cheques for sterling cheques drawn abroad and paid into your Euro account |
3Where the cash is in a different currency from the account, we'll let you know the appropriate rate of exchange at the time of the transaction.
Domestic Euro transaction (both paying and collecting banks are UK based)
Transaction type | Charges |
|---|---|
Euro cheques paid into your Euro account | 59p |
Euro cheques paid into your Euro account In addition, charge levied for credit | 27p 70p |
Foreign currency accounts
Transaction type | Charges |
|---|---|
Account maintenance fee | £30 per half year or part thereof (charged in March and September) |
Foreign banknotes paid in or out (i.e. foreign banking)4 | £2 per £100; minimum £3; plus £10 administration fee |
Currency cheques or sterling cheques drawn abroad and paid into your currency account | |
Cheque issued from your currency cheque book and paid abroad | £5 |
4Where the cash is in a different currency from the account, we'll let you know the appropriate rate of exchange at the time of the transaction.
Bills and cheques/drafts in foreign currency or drawn abroad
Negotiations
Transaction type | Charges |
|---|---|
Bill and cheques/drafts (including dividend warrants) payable:
(See below for exceptions)5 | Up to £100 – £5 Over £100 – 25p per £100 Minimum £8, maximum £80 Charges are per country |
Cheques/drafts payable in a different currency from the country upon which the cheque/draft is drawn (excluding items expressed in sterling or drawn in the UK) | Up to £100 – £5 Over £100 – 25p per £100 Minimum £15, maximum £80 Charges are per country |
Unpaid charge (if the cheque/draft is not honoured by the paying bank) | £5 |
5For Euro cheques drawn in the UK, please refer to tariff for domestic Euro transactions.
Outward Collection (applicable when you are an exporter)
Transaction type | Charges |
|---|---|
Clean bills and cheques/drafts (including dividend warrants) | Up to £100 – £5 Over £100 – 25p per £100 Minimum £15, maximum £80 N.B. Fee to be taken whether item is paid or unpaid |
Documentary bills | 25p per £100 Minimum £30, maximum £80 |
Earlybird (you remit collection to a bank oversees) | 20p per £100 Minimum £20, maximum £60 |
Clean and Documentary bills received from abroad
Inward Collection (applicable when you are an importer)
Transaction type | Up to £10,000 | £10,000-£50,000 | Over £50,000 |
|---|---|---|---|
Documentary (documents with or without a Bill of Exchange) | £40 | £60 | £80 |
Clean (Bill of Exchange and Promissory notes without documents) | £20 | £40 | £60 |
Received from remitters abroad other than banks (both documentary and clean) | As above plus £30 |
Letters of Credit
Import Letters of Credit (excluding standby Letters of Credit)
Transaction type | Charges |
|---|---|
Letters of Credit up to £25,000 | £150 up to 6 months £75 for each additional 3 months period or part thereof |
Letter of Credit over £25,000 Validity up to 6 months Validity over 6 months | 60p per £100; minimum £150 30p per £100; minimum £75 per 3 month period or part thereof |
These fees cover:
- the issue of a Letter of Credit,
- one amendment, including an extension of term (provided not outside original validity period) and increase of amount (provided that where the original amount was for £25,000 or less, the new total is no greater than £25,000),
- one payment/examination of documents presented,
- one month's acceptance/deferred payment undertaking,
- normal transmission costs.
Transaction type | Charges |
|---|---|
Additional amendments, additional payments, examination of documents, additional month acceptance/deferred payment undertaking, cancellation, 'on the spot' document checking | Charges vary for these specialised services and will be advised at the time the service is provided. |
Export Letters of Credit
Transaction type | Charges |
|---|---|
Pre-advising | £25 |
Advising | £40 |
Payment | 0.125% per presentation; minimum £75 |
Presentations with discrepancies | £40 |
Amendments6 | £40 plus any additional confirmation charges |
Cancellations | £50 |
Confirmation and Acceptances/ Deferred payment undertakings | Subject to arrangement |
Transferring a credit | 0.4% (on the amount transferred); minimum £60 |
6For Export Letters of Credit advised by us bearing our confirmation, increases and extensions may attract additional confirming commission plus amendment commission.
Lloyds TSB Aval
Guarantees and Standby Letters of Credit
Transaction type | Charges |
|---|---|
Issue of guarantees/Standby Letters of Credit to foreign beneficiaries | £2 per £100 per annum; (charged quarterly in advance) plus £75 administration fee |
Status enquiries
Transaction type | Charges |
|---|---|
Status enquiries abroad If sent electronically | £20 Additional £10 |
Foreign exchange
Transaction type | Charges |
|---|---|
Spot transactions | No charge |
Forward exchange contracts | No charge |
Currency options | You will be advised of the charges when the service is provided |
Post payment charges
These charges apply when requests are made after an international payment has been sent abroad.
Transaction type | Charges |
|---|---|
Amendments7 | £5 per message |
Beneficiary claiming non-receipt of funds (BCNR) query | £5 per chaser after the first one which is free of charge |
Recalling a payment8 | £20 per payment |
7Amendments are only allowed on International Moneymover (Euro, Standard and Express). They are amendments you want to make on the beneficiary details and/or the amount of payment after the payment is sent.
8If the payment has already been credited into the beneficiary's account using International Moneymover, we can only recall the payment subject to the beneficiary's agreement. The charge will be taken whether the payment can or cannot be recalled. If a payment is recalled, the amount returned to you will be calculated according to the exchange rate on the day it is credited into your account. In the case of cancelling a draft, we may ask you to sign a counter indemnity which allows us to debit your account if money is paid out.
