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

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Do you pay your invoices in Sterling?
Paying invoices in your suppliers’ local currency could reduce cost and speed up the process. Here’s more information about how swapping from Sterling to local currency could make international payments easier, faster and cheaper.
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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 - zone 1?
(USA, Canada, Switzerland, Monaco, San Marino, Jersey, Guernsey and Isle of Man)
Sent via
all channels
Fees
£12
Transaction type
Correspondent Bank Fee – zone 2
(Rest of the World, excluding the UK, the EEA, select currencies (please refer to the Payment Transaction Brochure (PDF, 47KB)))
Sent via
all channels
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 you pay and the rate available to us when we obtain these currencies. The rate available to us will depend on a variety of factors such as where we source the rates from, timing of the transaction and whether we hold the rate for you. The rate you achieve is likely to be different from rates quoted elsewhere.
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.
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Make sure you understand the small print.
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.