Lloyds cards abroad
Club, Silver, Gold, Platinum and Premier debit cards have no Lloyds foreign-currency or overseas-use fees. Classic and Basic debit cards normally add a 2.99% conversion fee plus fixed purchase or cash charges in applicable cases.
Travel Smart costs £7 per selected week, up to six weeks a year, and removes Lloyds debit-card fees for covered transactions. ATM operators and dynamic currency conversion can still add costs.
Standard Lloyds credit cards add a 2.95% non-sterling purchase fee. Card transactions use Visa or Mastercard rates, which are not guaranteed to equal the mid-market rate.
What is the
best Send Money conversion rate for GBP to EUR?
The best GBP to EUR exchange rate is 1.1662 from Wise. This is -0.39% compared to the mid-market rate 1.1708.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to euro (EUR) rates from different sources before making a conversion.
The above Lloyds Bank - Sterling to Euro comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Lloyds Bank and other foreign exchange providers against the latest GBP-EUR mid-rate and the possible savings of using various providers.
How do Lloyds Bank GBP-EUR rates compare between providers?
Looking at the full GBP to EUR - Send Money comparison table the provider with the best GBP to EUR exchange rate is Wise at 1.1662, -0.39% from the latest mid-market rate 1.1708.
The next best is OFX at 1.1649, -0.5% from the mid-rate.
Then XE at 1.1637, which is -0.61% from the mid-rate.
The Western Union rate is 1.1532 which is -1.5% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Lloyds Bank often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.