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Understanding the Table:
The comparison table above helps you see the total cost of your Lloyds Bank currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
The transfer charge you pay depends on the amount of money you send and how you send it:
Lloyds Bank state that they won't charge you extra fixed fees for transferring money overseas online. However, the true cost is in the exchange rate margin (see comparison table above) plus any correspondent and recipient bank charges.
There are two ways for Lloyds Bank customers to Send Online Money Transfers these are via the Currency Internet Banking platform or Lloyds Bank International Moneymover Service.
Both these services are available 24/7. However Lloyds only process the payments during normal banking hours so if your rate was not booked then the final rate may differ depending on the market.
You can make international money transfers online via Lloyds Bank's Currency Internet Banking. This service is for any of these international accounts:
The fine print:
You can send up to £30,000 – or currency equivalent – a day to almost anywhere in the world. There is a limit of £10,000 per payment.
For larger amounts up to £100K (currency equivalent) it is possible to give an instruction over the phone
loyds International Moneymover is a service offered by Lloyds Bank that allows customers to send and receive international money transfers quickly and securely. The service is available to Lloyds Bank current account holders who have registered for online banking.
With Lloyds International Moneymover, customers can transfer money in a range of currencies to over 200 countries worldwide. The service offers competitive exchange rates and low transfer fees, and allows customers to track the progress of their transfer in real-time.
Customers can use the Lloyds International Moneymover service through the bank's online banking platform, where they can initiate a transfer, set up recurring payments, and manage their payment history. The service also provides customers with a clear breakdown of the fees associated with each transfer, including any exchange rate margins, transfer fees, and other charges.
- less than £5,000 = £20
- £5,000 or over = £35
It's worth noting whatever the transfer method that Lloyds exchange rates and fees will vary depending on a range of factors, including the amount being transferred, the destination country. Customers should always compare rates and fees to ensure that they are getting the best value for their money.
How much does it really cost to live, work, or travel in ? Here's what to expect for daily expenses and expat living.
When planning a one-week mid-range stay in Saudi Arabia, travelers should budget approximately 4,500 to 7,000 SAR (Saudi Riyals) based on typical expenditures. Within a week's timeframe, you can expect to spend around 600 SAR on your daily meals, including a mix of local restaurants and cafes, which cost about 40 SAR for a meal at a local eatery 🍽️. A cup of coffee will set you back approximately 15 SAR ☕, while public transport fares are about 10 SAR for one-way trips. If you're considering a prepaid SIM card for local connectivity, expect to pay around 100 SAR. For accommodation, budget hotels and Airbnb options can vary from 200 to 400 SAR per night, making the total for a week around 1,400 to 2,800 SAR. Overall, Saudi Arabia can be considered an average destination in terms of cost when compared to the United States, where similar expenses might add up to around 1.5 times more. When paired with the UK, Saudi Arabia typically offers slightly cheaper options for travelers.
For expats settling in Saudi Arabia, monthly living costs are generally around 6,000 to 10,000 SAR, depending on lifestyle choices, housing, and personal needs. Rent for a one-bedroom apartment in the city center averages about 2,500 to 4,000 SAR, while utilities generally cost around 500 SAR. For those used to international banking, it's advisable to utilize local banks for convenience and to take advantage of easier access to cash withdrawal and deposit services. Although credit cards are widely accepted, having some cash on hand is beneficial for small transactions. When it comes to sending and receiving money, services like Wise or OFX often offer better exchange rates and lower fees compared to traditional banks. However, for day-to-day expenses, exchanging money locally typically remains the most straightforward approach, ensuring you have the local currency readily available without incurring additional service charges.
View a full list of exchange rates by selecting your Base (from) currency:
