Revolut vs Lloyds Bank: Fees, Rates & Speed Compared
Revolut
4.7Revolut is a digital banking app offering international money transfers at interbank rates during market hours, along with a full suite of financial services.
Lloyds Bank
3.4Lloyds Bank offers international money transfers for UK account holders via online banking. Rates and fees are higher than specialist providers.
Revolut and Lloyds Bank are both popular choices for international money transfers, but they take different approaches. Revolut, founded in 2015 and headquartered in London, UK, is best known for transparent, low-cost transfers. Lloyds Bank, operating since 1765 from London, UK, focuses on international money transfers. This comparison uses real transfer data collected from both providers across 6 popular corridors to show you exactly which one offers better value for your specific needs. Our data shows the difference can be significant — on a £1,000 GBP → EUR transfer, Revolut delivers €39.64 more to the recipient.
In this comparison
Live comparison: Revolut vs Lloyds Bank across popular corridors
The table below shows how much the recipient receives when sending through Revolut vs Lloyds Bank on 6 popular corridors. Data is refreshed every 6 hours from provider APIs and websites.
| Corridor | Revolut | Lloyds Bank | Winner |
|---|---|---|---|
| USD → INR($1,000) | ₹95,747.26 | — | N/A |
| GBP → EUR(£1,000) | €1,153.60 | €1,113.96 | Revolut (+€39.64) |
| USD → PHP($500) | ₱30,575.23 | — | N/A |
| USD → MXN($1,000) | MX$17,209.66 | — | N/A |
| GBP → PKR(£500) | — | — | N/A |
| USD → NGN($200) | — | — | N/A |
Amounts shown are what the recipient receives. Based on current scraped data, updated every 6 hours.
Key differences between Revolut and Lloyds Bank
Revolut vs Lloyds Bank: Feature comparison
| Feature | Revolut | Lloyds Bank |
|---|---|---|
| Overall rating | 4.7/5 (Excellent) | 3.4/5 (Fair) |
| Fee structure | Free up to £1,000/month, then 0.5% | £9.50-£25 per transfer |
| Exchange rate markup | 0% weekdays, 0.5-1% weekends | 2.5% - 4% above mid-market |
| Transfer speed | Instant to 3 days | 2-5 business days |
| Supported countries | 150+ | 200+ |
| Supported currencies | 36+ | 30+ |
| Max transfer | No limit | $25,000 |
| Payment methods | Bank Transfer, Debit Card, Revolut Balance | Bank Transfer |
| Delivery methods | Bank Deposit, Revolut Account | Bank Deposit |
| Regulators | FCA, ECB, FinCEN | FCA, PRA |
| Founded | 2015 | 1765 |
Pros and cons
Revolut
Pros
- Interbank rates during market hours
- Free transfers between Revolut users
- Multi-currency account
- Virtual and physical cards
- Crypto and stock trading available
Cons
- Weekend markup of 0.5-1%
- Free tier has monthly limits
- Customer support can be slow
Lloyds Bank
Pros
- Trusted UK high street bank
- Send from existing account
Cons
- £9.50+ transfer fees
- Poor exchange rates (3%+ markup)
- Slow delivery
When to choose Revolut vs Lloyds Bank
Choose Revolut if:
- You want the real mid-market exchange rate with no hidden markup
- You need to transfer large sums (Revolut has no upper limit)
- You need a multi-currency account to hold and convert balances
Choose Lloyds Bank if:
- You want the real mid-market exchange rate with no hidden markup
- You need wider country coverage (200+ vs 150+ countries)
- Lloyds Bank's strengths (Bank Deposit) match your needs
Verdict: Revolut or Lloyds Bank?
Cost winner: Revolut
Revolut wins on cost in 1 of 6 corridors we tested. For example, on GBP → EUR (£1,000), the recipient gets €39.64 more with Revolut. Revolut achieves this through transparent pricing with the real mid-market exchange rate.
Faster: Revolut
Revolut is generally faster, with transfers arriving in Instant to 3 days, compared to 2-5 business days for Lloyds Bank.
Wider coverage: Lloyds Bank
Lloyds Bank has broader coverage with 200+ countries and 30+ currencies. Lloyds Bank also offers Bank Deposit.
Bottom line
Overall, Revolut edges ahead for most users thanks to transparent pricing with the real mid-market exchange rate. That said, Lloyds Bank is the better pick if you need international money transfers.
Frequently asked questions
Is Revolut or Lloyds Bank cheaper for international transfers?
Based on our data, Revolut is generally cheaper across most corridors. Revolut charges Free up to £1,000/month, then 0.5% with a 0% weekdays, 0.5-1% weekends exchange rate markup, while Lloyds Bank charges £9.50-£25 per transfer with a 2.5% - 4% above mid-market markup. For example, on a £1,000 GBP → EUR transfer, Revolut delivers €39.64 more. However, costs vary by corridor, so always compare for your specific route.
Which is faster, Revolut or Lloyds Bank?
Revolut typically completes transfers in Instant to 3 days, while Lloyds Bank takes 2-5 business days. Actual speed depends on the corridor, payment method, and delivery option you choose. Bank transfers tend to be slower than card-funded transfers, and bank deposits are generally faster than cash pickups.
Are Revolut and Lloyds Bank safe to use?
Yes, both are regulated money transfer services. Revolut is regulated by FCA, ECB, FinCEN and has a 4.7/5 Trustpilot rating. Lloyds Bank is regulated by FCA, PRA with a 3.4/5 Trustpilot rating. Both companies are required to safeguard customer funds under their respective regulatory frameworks.
What are the transfer limits for Revolut vs Lloyds Bank?
Revolut has a maximum transfer of no published upper limit (minimum $1), while Lloyds Bank allows up to $25,000 (minimum $1). Limits may vary by corridor, account verification level, and payment method. New accounts typically start with lower limits that increase over time.
Can I get cash pickup with Revolut or Lloyds Bank?
Revolut offers Bank Deposit, Revolut Account. Lloyds Bank offers Bank Deposit. Neither provider offers cash pickup — both deliver to bank accounts only.
Should I use Revolut or Lloyds Bank to send money internationally?
For most users, Revolut offers better overall value thanks to transparent pricing with the real mid-market exchange rate. However, Lloyds Bank is the better choice if you need international money transfers. The best provider for you depends on your corridor, transfer size, and whether you need features like Revolut Account.