Lloyds Bank are prominent on the UK high street and will carry out money transfer transactions for existing current account holders only.
Lloyd's bank main features include:
Lloyds Money Transfer service is only available to current account holders.
If you do have a current account with Lloyds you can send an international payment via telephone, in branch or online.
Transaction fees do not include charges made by recipient banks which can vary.
Lloyds charge between £10 and £35 for an individual currency transfer... If you make regular payments overseas these fees can soon start to add up. Many reputable brokerages regulated by the Financial Conduct Authority offer free transfers. They also provide a rate monitoring service to help you buy at the right time, which can help save you hundreds if not thousands of pounds.
Compare Lloyds bank against the UK's leading money transfer firms in our easy-to-use comparison table here.