International Payments

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

Rates and charges expandable section

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.

Important information expandable section

Make sure you understand the small print.

Terms and Conditions

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.