What Lloyds Bank Business has shown on monitored routes
A win requires a completed, non-promotional quote at the same sending amount. Converter rates and modelled bank prices remain useful evidence, though neither is allowed to wear the winner's badge.
Where Lloyds Bank Business makes sense
- Best for
- Existing Lloyds businesses that need bank controls and prefer the payment to remain within their banking platform.
- Less suitable for
- Businesses choosing primarily on recipient amount.
- Where the rate cost sits
- A published standard outbound FX margin of 2.60% up to £25,000, tapering on larger payment bands.
- What the fee tells you
- Payment fees depend on the account and channel. The FX margin remains the larger cost on many conversions.
- Delivery
- International bank payment subject to cut-offs, currency and correspondent route.
- Access
- Lloyds business banking and Commercial Banking Online for eligible customers.
How Lloyds Bank Business's quote can flatter or disappoint
Lloyds publishes information that many banks leave buried in the quote. An outbound business payment of £25,000 or less carries a standard 2.60% margin. That is not a separate debit; it changes the exchange rate and therefore the recipient amount.
The absolute cost grows quickly. A 2.60% margin represents about £52 of value on £2,000 and £650 on £25,000 before any other charge. The margin band narrows above £25,000, but it remains worth obtaining a specialist quote.
The bank may still be the right operational choice for a controlled supplier payment. The review does not call the margin abuse. It reflects liquidity, service, risk, distribution and the bank's pricing decision. The customer's job is simply to compare the complete outcome.
Where it works well
- Exceptional transparency about standard FX margins
- Business permissions and bank statements
- Tiered margins improve with size
Where the value thins out
- 2.60% is expensive beside many specialists
- Payment fees or correspondent charges may add cost
- The best pricing may require a larger amount or relationship
The latest Lloyds Bank Business figures we can reproduce
Each row is the newest record for that route. The receipt shows the provider screen or calculation behind it, including the time we saw it.
| Route | Sent | Visible fee | Amount delivered | Against the best completed quote | Receipt |
|---|---|---|---|---|---|
| United Kingdom → Hong Kongbank transfer · bank deposit | £200.00 | £15.00 | HK$1,892.36Rate 10.22896 | Calculator evidence | Open receipt31 Jul 2026, 08:12 UTC |
| United Kingdom → Singaporebank transfer · bank deposit | £200.00 | £15.00 | SGD 310.60Rate 1.678919 | Calculator evidence | Open receipt31 Jul 2026, 08:12 UTC |
| United Kingdom → South Africabank transfer · bank deposit | £200.00 | £15.00 | ZAR 4,000.48Rate 21.624243 | Calculator evidence | Open receipt31 Jul 2026, 08:12 UTC |
| United Kingdom → Philippinesbank transfer · bank deposit | £200.00 | £15.00 | ₱14,846Rate 80.2506 | Calculator evidence | Open receipt31 Jul 2026, 08:11 UTC |
| United Kingdom → Indiabank transfer · bank deposit | £200.00 | £15.00 | ₹23,084Rate 124.777451 | Calculator evidence | Open receipt31 Jul 2026, 08:11 UTC |
| United Kingdom → New Zealandbank transfer · bank deposit | £200.00 | £15.00 | NZ$413.00Rate 2.232422 | Calculator evidence | Open receipt31 Jul 2026, 08:11 UTC |
| United Kingdom → Australiabank transfer · bank deposit | £200.00 | £15.00 | A$345.58Rate 1.868003 | Calculator evidence | Open receipt31 Jul 2026, 08:11 UTC |
| United Kingdom → Canadabank transfer · bank deposit | £200.00 | £15.00 | CA$338.85Rate 1.83164 | Calculator evidence | Open receipt31 Jul 2026, 08:11 UTC |
| United Kingdom → United Statesbank transfer · bank deposit | £200.00 | £15.00 | US$241.25Rate 1.304045 | Calculator evidence | Open receipt31 Jul 2026, 08:11 UTC |
| United Kingdom → Switzerlandbank transfer · bank deposit | £200.00 | £15.00 | CHF 196.01Rate 1.059508 | Calculator evidence | Open receipt31 Jul 2026, 08:11 UTC |
| United Kingdom → Polandbank transfer · bank deposit | £200.00 | £15.00 | PLN 905.59Rate 4.895056 | Calculator evidence | Open receipt31 Jul 2026, 08:11 UTC |
| United Kingdom → Francebank transfer · bank deposit | £200.00 | £15.00 | €210.22Rate 1.136324 | Calculator evidence | Open receipt31 Jul 2026, 08:10 UTC |
| United Kingdom → Germanybank transfer · bank deposit | £200.00 | £15.00 | €210.22Rate 1.136324 | Calculator evidence | Open receipt31 Jul 2026, 08:10 UTC |
| United Kingdom → Irelandbank transfer · bank deposit | £200.00 | £15.00 | €210.22Rate 1.136324 | Calculator evidence | Open receipt31 Jul 2026, 08:10 UTC |
| United Kingdom → Italybank transfer · bank deposit | £200.00 | £15.00 | €210.22Rate 1.136324 | Calculator evidence | Open receipt31 Jul 2026, 08:10 UTC |
| United Kingdom → Netherlandsbank transfer · bank deposit | £200.00 | £15.00 | €210.22Rate 1.136324 | Calculator evidence | Open receipt31 Jul 2026, 08:10 UTC |
| United Kingdom → Portugalbank transfer · bank deposit | £200.00 | £15.00 | €210.22Rate 1.136324 | Calculator evidence | Open receipt31 Jul 2026, 08:10 UTC |
| United Kingdom → Spainbank transfer · bank deposit | £200.00 | £15.00 | €210.22Rate 1.136324 | Calculator evidence | Open receipt31 Jul 2026, 08:10 UTC |
What to price beside Lloyds Bank Business
NatWest Business keeps permissions and payment records inside Bankline, which has genuine value. Its £15 payment fee swallows 7.5% of a £200 transfer before the exchange-rate margin gets involved.
Read the NatWest Business rate review →Santander publishes a 3% business FX markup up to £10,000, falling to 1% above £50,000. The transparency is welcome; the smaller-transfer price is not exactly a bargain.
Read the Santander UK rate review →Wise remains the cleanest yardstick for an ordinary bank transfer. It uses the mid-market rate and places its charge in view, so there is less detective work between the advertised rate and the amount delivered.
Read the Wise rate review →Lloyds Bank Business's own pricing documents
These pages describe the published terms. The corridor table is gathered separately, so a provider's explanation never substitutes for the quote it gives us.
- Published business FX marginsLloyds Bank