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Lloyds Bank GBP to PHP Transfers Compared

Compare live exchange rates, provider costs and current currency market data before you exchange.

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Compare GBP to PHP rates

International money transfer rates Send 10,000 GBP → Receive PHP

 
 
   
   
   
   
   
 

Compare Lloyds Bank Exchange Rates & Fees - Save Time & Money

 

Our Lloyds Bank GBP 10000 to PHP rate is 79.84. This is -3.6% below the mid-rate.

Lloyds Bank international payments at a glance

Lloyds UK personal customers can send international payments through Internet Banking or the mobile app.

  • Online and app payments in euros have no Lloyds fee; other payments cost £9.50.
  • Lloyds' published margin is 3.55% up to £10,000, falls with the amount sent, and reaches 1.50% from £250,000.
  • Online and app transfers use shared charging, so agent or recipient-bank deductions can apply.
  • Optional branch or phone full-amount payments outside the UK or EEA can add a £12 or £20 correspondent-bank fee.
  • Delivery depends on currency, destination, cut-off and receiving bank.

Compare the amount the recipient is expected to receive rather than the transfer fee alone. Lloyds says its margin information is indicative and can change.

Read the full Lloyds Bank review.

 
 
 

Lloyds international-payment margins and fees

Lloyds publishes a 3.55% exchange-rate margin for payments up to £10,000. The margin then falls with the payment amount: from 3.55% to 2.40% between £10,000 and £50,000, from 2.40% to 2.10% between £50,000 and £100,000, and from 2.10% to 1.50% between £100,000 and £250,000. It is 1.50% from £250,000. Lloyds says these figures are indicative and can change.

Online and app payments in euros have no Lloyds fee; other payments cost £9.50 and use shared charging. Agent or recipient-bank deductions may therefore apply. Optional branch or phone full-amount payments outside the UK or EEA can add a £12 Zone 1 or £20 Zone 2 correspondent-bank fee.

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 Lloyds Bank Send Money conversion rate for GBP to PHP?

The Lloyds Bank GBP to PHP exchange rate is 79.84. This is -3.6% compared to the latest GBP-PHP mid-market rate 82.78.

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 Philippine peso (PHP) rates from different sources before making a conversion.

The above Lloyds Bank - Sterling to Peso 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-PHP mid-rate and the possible savings of using various providers. 

How do Lloyds Bank GBP-PHP rates compare between providers?

Looking at the full GBP to PHP - Send Money comparison table the provider with the best GBP to PHP exchange rate is OFX at 82.36, -0.51% from the latest mid-market rate 82.78.

The next best is XE at 82.28, -0.6% from the mid-rate.

Then Wise at 82.26, which is -0.63% from the mid-rate.

The Western Union rate is 81.53 which is -1.5% from the mid-rate.

Among the banks the Lloyds Bank rate is 79.84 at -3.6% the Royal Bank of Scotland rate is 79.07 at -4.5% and the Barclays Bank rate is 80.99 at -2.2% compared to the mid-rate 82.78.

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.

 

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