International Payments

Making payments across borders and time zones ought to be simple – and it is.

Make an International Payment

Log in to Business Internet Banking (BIB) to make an International Payment.

Log in to BIB

Features and benefits

  • Secure bank-to-bank transfers
  • Send money to almost any country in the world
  • Schedule payments from two up to 30 business days in advance
  • Option to store recipient details for repeat payments
  • Fees are transparent and listed upfront.

Need to know

To make an International Payment, you'll need the recipient’s:

  • full name (or company name) and address
  • IBAN (International Bank Account Number) or account number
  • name and address of recipient’s bank
  • BIC (Business Identifier Code) and SWIFT code and/or the clearing code of recipient’s bank.

Receiving an International Payment

To receive International Payments, please provide the following instructions to the overseas bank:

  • account number, sort code, IBAN and BIC of your business account.
  • Transaction type

    Sent via

    Fees

    Transaction type

    International Payment

    Sent via

    internet banking

    Fees

    £15

    Transaction type

    Express International Moneymover

    Sent via

    in branch

    Fees

    £28

    Transaction type

    Standard International Moneymover

    Sent via

    in branch

    Fees

    £21

    Transaction type

    Non-urgent Euro (SEPA)1

    Sent via

    in branch

    Fees

    £5

    Transaction type

    Correspondent Bank Fee?

    Sent via

    zone 1 (USA, Canada and Europe (non-EEA))

    Fees

    £12

    Transaction type

    Correspondent Bank Fee – zone 2

    Sent via

    zone 2 (USA, Canada and Europe (non-EEA))

    Fees

    £20

    Transaction type

    Electronic payments received from abroad

    Sent via

    n/a

    Fees

    up to £100 (£2)

    over £100 (£7)

    There is no charge for euro payments received from the EEA> If a payment received is in a different currency or is received from a country outside of the EEA, this fee will be charged.

    Transaction type

    Post payment fees – cancellations2, amendments3 and status requests

    Sent via

    n/a

    Fees

    £20 applicable to all post-payment types

    FX Margin

    Our FX margin is the difference between the Bank of Scotland exchange rate and the rate at which we buy and sell currency in the wholesale foreign exchange markets4.

    For International Payments of £25,000 or less, the Standard margin of 2.60% applies.

    For payments above £25,000 please see more detail on our FX margin pricing.

    More information on the rate and charges

     

    ?Correspondent Bank Charges

    When the sending Bank doesn’t have a relationship with Bank of Scotland, payments will be sent via another Bank known as the ‘Intermediary’ or ‘Correspondent Bank’, to help them get the funds to the right beneficiary.

    The Correspondent Bank apply charges for their services which may be deducted from the original amount before Lloyds Bank receives the payment.

  • Make sure you understand the small print.

    Terms and Conditions

Commercial Banking Online Users

Log in to Commercial Banking Online (CBO) to make an International Payment, for registered users of CBO.

Log in to CBO

More about International Payments

What is a BIC?

A Business Identifier Code (BIC) is an international bank code that identifies particular banks worldwide. It's also known as a SWIFT code. You can find your BIC in Online for Business under 'More actions' and 'Account Information‘.

What is an IBAN?

IBAN stands for ‘International Bank Account Number.’ IBANs identify banks according to international agreement. IBANs are mandatory for EU (European) and EEA (European Economic Area) countries. Each country has a different number of characters in their IBANs. You can find your IBAN in Online for Business under ‘More actions’ and ‘Account Information’.

When can I make an International Payment?

International Payments instructed through Business Internet Banking have a cut-off time of 3pm, Monday to Friday. We will process any payment instructions received after the cut-off time on the next Business Day.

Find more information on additional processing days in our Payment Transaction (PDF, 1.3MB) brochure.

What if the currency I want isn’t available?

We have partnered with Equiniti Global to allow you to make International Payments in a further 94 currencies.

Make an International Payment

Log in to Business Internet Banking (BIB) to make an International Payment.

Log in to BIB

Log in to Commercial Banking Online (CBO) to make an International Payment, for registered users of CBO.

Log in to CBO

 

Other ways to make an International Payment

You can make an International Payment using telephone banking.

0345 300 0268

You can make an International Payment in branch.

Find your nearest branch

1For non-urgent Euro (SEPA) you must provide a Bank Identifier Code (BIC) and International Bank Account Number (IBAN).

2If the payment has already been credited into the beneficiary's account using International Moneymover, we can only recall it subject to the beneficiary's agreement. The charge will be taken whether the payment can or cannot be recalled. If a payment is recalled, the amount returned will be calculated according to the exchange rate on the day it is credited into your account. In the case of cancelling a draft, your business may be asked to sign a counter indemnity which allows us to debit the account if money is paid out.

3Amendments are only allowed on International Moneymover (Standard and Express). They are amendments you want to make on the beneficiary details and/or the amount of payment after it is sent. Contact us straight away if the International payment details are incorrect. We can change the name, account number and the reference.  We may be able to change the bank details, currency and amount in some circumstances

4130+ currencies available to those clients who use both Business Internet Banking and our Equiniti Global Partnership.