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Lloyds Bank Exchange Rates

In this article we take a look at Lloyds Bank and examine how Lloyds exchange rates & international money transfer services compare to other options available to you.

Exchange Rates 1.5
Customer Service 1
Ease of Use 1

Online International Payments with Lloyds

There are two ways for Lloyds customers to Send Online Money Transfers these are via the Currency Internet Banking platform or within Sterling Internet Banking.

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.

Lloyds Currency Internet Banking

You can make international money transfers online via Currency Internet Banking. This service is for any of these international accounts:

– International current account in Euros and US Dollars.
– Savings accounts in all currencies (Bonus Saver and Incentive Saver). Penalties may apply, depending on account withdrawal restrictions.

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

Lloyds Sterling Internet Banking

Send from £1.01 up to £100,000 per day via Internet Banking.

 

Lloyds Exchange Rates – Are you getting a good deal?

If you are a Lloyds customer and looking to send money overseas through an International Money Transfer (IMT) or get some travel money, you can use the comparison table snapshot below for an indication of how Lloyds Bank exchange rates compare to alternative FX providers.

 

GBP to USD International Money Transfers

 Compare  Lloyds TSB logo

FX ProviderReceive USDExchange RateFee GBPDeal Links
Lloyds TSB logo
Lloyds TSB
U$12,336
5.44%
1.23360
OFX
U$12,980
0.5%
U$644 more
1.298£0^
WorldFirst logo
WorldFirst
U$12,980
0.5%
U$644 more
1.2980
TorFX logo
TorFX
U$12,849
1.5%
U$513 more
1.28490
HSBC logo
HSBC
U$12,529
3.96%
U$193 more
1.255420
Natwest Bank logo
Natwest Bank
U$12,483
4.31%
U$147 more
1.250215
Citibank logo
Citibank
U$12,423
4.77%
U$87 more
1.243812
Santander logo
Santander
U$12,263
5.99%
U$73 less
1.2387£100.00
Citibank logo Santander logo Lloyds TSB logo HSBC logo Natwest Bank logo
U$12,407
4.89%
Bank Average
1.244315
Lloyds TSB logo Lloyds TSB
 
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Lloyds TSB: Foreign Transfer GBP→USD
From Amount (GBP)£10,000
Fee:0
Exchange Rate:1.2336 (5.44% from mid-rate)
To Amount (USD) U$12,336
Total Cost:5.44%
Time:14:28 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Review:Lloyds TSB


OFX logo OFX
 
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OFX: Foreign Transfer GBP→USD
From Amount (GBP)£10,000
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:1.2980 (0.5% from mid-rate)
To Amount (USD) U$12,980
Total Cost:0.5%
Difference:
U$644 USD more than using Lloyds TSB
Time:
Rate Fetched: 14:28 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Speak to Dealers, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Review:OFX


Compare OFX
WorldFirst logo WorldFirst
 
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WorldFirst: Foreign Transfer GBP→USD
From Amount (GBP)£10,000
Fee:
Exchange Rate:1.2980 (0.5% from mid-rate)
To Amount (USD) U$12,980
Total Cost:0.5%
Difference:
U$644 USD more than using Lloyds TSB
Time:14:28 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts, Speak to Dealers
Rating:
 
: 4.6/5.0
Review:WorldFirst


Compare WorldFirst
TorFX logo TorFX
 
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TorFX: Foreign Transfer GBP→USD
From Amount (GBP)£10,000
Fee:
Exchange Rate:1.2849 (1.5% from mid-rate)
To Amount (USD) U$12,849
Total Cost:1.5%
Difference:
U$513 USD more than using Lloyds TSB
Time:14:28 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Speak to Dealers
Rating:
 
: 4.7/5.0
Review:TorFX


Compare TorFX
HSBC logo HSBC
 
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HSBC: Foreign Transfer GBP→USD
From Amount (GBP)£10,000
Fee:20
Exchange Rate:1.2554 (3.76% from mid-rate)
To Amount (USD) U$12,529
Total Cost:3.96%
Difference:
U$193 USD more than using Lloyds TSB
Time:14:28 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Review:HSBC


Compare HSBC
Natwest Bank logo Natwest Bank
 
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Natwest Bank: Foreign Transfer GBP→USD
From Amount (GBP)£10,000
Fee:15
Exchange Rate:1.2502 (4.16% from mid-rate)
To Amount (USD) U$12,483
Total Cost:4.31%
Difference:
U$147 USD more than using Lloyds TSB
Time:14:28 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Review:Natwest Bank


Compare Natwest Bank
Citibank logo Citibank
 
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Citibank: Foreign Transfer GBP→USD
From Amount (GBP)£10,000
Fee:12
Exchange Rate:1.2438 (4.65% from mid-rate)
To Amount (USD) U$12,423
Total Cost:4.77%
Difference:
U$87 USD more than using Lloyds TSB
Time:14:28 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Review:


Compare Citibank
Santander logo Santander
 
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Santander: Foreign Transfer GBP→USD
From Amount (GBP)£10,000
Fee:£100.00 GBP (1%)
Exchange Rate:1.2387 (5.04% from mid-rate)
To Amount (USD) U$12,263
Total Cost:5.99%
Difference:
U$73 USD less than using Lloyds TSB
Time:14:28 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Review:


Compare Santander
Banks - Average Rate
 
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Foreign Transfer GBP→USD
From Amount (GBP)£10,000
Fee:
Exchange Rate:1.2349 (5.34% from mid-rate)
To Amount (USD) U$12,407
Total Cost:4.89%
Difference:
U$71 USD more than using Lloyds TSB
Transfer Speed:
Services:
Click bank icon to add to table


 
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Snapshot 10/24/2020 - View live rates
Sending GBP 10K with Lloyds Bank vs Best Provider
 

The transfer charge you pay depends on the amount of money you send and how you send it:

Lloyds 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.

Extra Fees for Branch and Telephone
– less than £5,000 = £20
– £5,000 or over = £35

 
Please note that the opinions of our authors are their own and do not reflect the opinion of Best Exchange Rates and should not be taken as a reference to buy or sell any financial product.
 

2 Reviews for “Lloyds Bank Exchange Rates”

  1. Avatar jjames says:

    Lloyds TSB offshore IOM is an absolute disgrace. They can’t change my address, they can’t cancel a standing order, they can’t set up a new standing order, they wont set up telephone banking for me, they wont recognize my identity. it seems that they have got my money and are making damn sure I cant touch it. Tell me how or who can I complain too?

    1
  2. Avatar unhappy customer says:

    having banked offshore with lloyds tsb for two years not really using them for anything apart from the odd payment here and there, I began calling them more frequently as purchase date loomed on my property in italy. then innumerable calls to phone banking, pathetic service from teenagers much of the time, no guarantees on when monies would actually be available in the offshore or onshore accounts, and to top it off, an inexplicable 24 hour delay before euro funds were available on my visa debit card from when my salary was paid in. I asked to log a complaint and was told that it would be done, but only a generic sorry letter would be sent out to me. goodbye lloyds tsb, the unnecessarily long and infantile internet and phone banking set up process that everyone has complained about is truly not worth it.

    1.3

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