Lloyds Bank review

Lloyds Bank offers international money transfers for UK account holders via online banking. Rates and fees are higher than specialist providers. Founded in 1765 and based in London, UK, Lloyds Bank is a high-street bank. Lloyds Bank is authorised and regulated by FCA, PRA, which means customer money is safeguarded separately from company funds.

On the fee side, expect £9.50-£25 per transfer, but the bigger cost is usually the exchange-rate markup of 2.5% - 4% above mid-market, which is built into the rate rather than shown as a line item. Transfers run from a minimum of $1 up to $25,000 per transaction. Because that markup scales with the amount you send, it is worth comparing the final receive amount rather than the fee alone.

Delivery speed is quoted at 2-5 business days, and the service reaches 200+ countries across 30+ currencies. You can fund a transfer by Bank Transfer, with money delivered via Bank Deposit. The mix of funding and payout options is a good guide to which corridors Lloyds Bank handles best.

On the plus side: trusted uk high street bank and send from existing account. That makes it a sensible choice for existing customers who value keeping the transfer inside their own bank. Worth keeping in mind: £9.50+ transfer fees and poor exchange rates (3%+ markup). As always, run your exact amount and currency through a live comparison before sending — the provider you pick usually affects the final amount more than any single fee.