How to receive an international wire transfer with Lloyds Bank

If you’re a Lloyds Bank customer and need to receive money from someone overseas, you’ll have to take a few steps to make sure your payment can be safely and efficiently delivered to your bank account.

This guide covers how to receive an international transfer with Lloyds Bank, and also touches on a couple of alternatives - Wise, Revolut and Monese, which may be able to offer a more flexible service with low fees.

Read our full guide to receiving incoming international wire transfers with Lloyds Bank, to learn all there is to know.

Key points: Lloyds Bank receive international wire transfer

*Details correct at time of research - 21st July 2025

How to receive an international wire transfer to Lloyds Bank: Step-by-step instructions

If you’re receiving an incoming international wire you’ll need to pass some information to the sender so your money can be delivered hassle free. Here’s a roundup of how to receive a payment to Lloyds in just a few simple steps.

Step 1: Give the sender your Lloyds Bank account information

The basic information needed by the person sending you a payment includes your name and address, your account IBAN, and the Lloyds Bank SWIFT/BIC code.

You can find this information in the Lloyds app and share it instantly with the sender using your preferred messaging service.

Step 2: Agree who will pay the transfer costs

If you’re expecting to receive a fixed amount in the payment, you may want to ask the sender to cover the transfer costs levied by their own bank, plus intermediary fees applied by other banks involved in the process.

Otherwise, fees could be deducted as the transfer is processed, which may mean you get less than you expected in the end.

Step 3: Wait for the money to be deposited into your Lloyds Bank account

The sender can then arrange the payment, and once it has been processed it will be deposited into your Lloyds Bank account.

The transfer time can vary a lot depending on the originating bank and country. Some payments can settle within a business day or two, others may take up to 5 business days to arrive.

Lloyds Bank fees to receive an international wire transfer

A Lloyds Bank incoming international wire transfer fee may apply, depending on where the payment originated and which currency it was sent from.

*Details correct at time of research - 21st July 2025

Alternatives to Lloyds Bank to receive an international wire transfer

Lloyds Bank might charge you a fee to receive your international payment, and your funds will be converted back to GBP automatically for deposit to your account. That might not be convenient, and can mean paying additional costs, including a 3.55% currency conversion charge.

If you’d prefer to receive currencies from overseas without currency conversion, you could consider using a multi-currency account from a provider like Wise and Revolut, or you could take a look at a bank with foreign currency account options like Monese.

Here’s a quick comparison of each of these options:

*Details correct at time of research - 21st July 2025

Wise

The Wise Account can be used to receive, hold, send, spend and exchange a broad selection of currencies.

Your account offers ways to get paid in 20+ currencies with local and SWIFT account details, often with no incoming payment fee.

You can then use your linked debit card to spend online and in person, with currency exchange which uses the mid-market exchange rate with low conversion fees from 0.48%.

*Details correct at time of research - 21st July 2025

Revolut

Revolut offers digital accounts which support 36 currencies for holding and exchange, and which come with account information for both local and international payments.

The exact account information available might vary depending on the account type you hold, and can be viewed in the Revolut app.

Revolut personal customers in the UK can choose from 5 different account tiers depending on needs, all of which come with a linked debit card and some no fee currency conversion every month.

*Details correct at time of research - 21st July 2025

Monese

Monese has accounts which can hold GBP, EUR and RON, which come with their local account information, and ways of receiving payments from other countries using an international IBAN.

If you receive a payment using the international IBAN Monese will convert it to the currency of your account to deposit it - a fee may apply here.

Monese has 3 plans for UK customers, including a basic package that has no monthly fees, and 2 different higher account tiers which have monthly charges. These packages offer discounts on some transaction fees, including the costs of currency conversion.

*Details correct at time of research - 21st July 2025

What information is needed to receive a wire transfer at Lloyds Bank

To receive an international wire transfer to your Lloyds Bank account you must give the sender some important information.

Having incorrect or incomplete information may mean the payment is delayed, rejected or deposited into the wrong account.

Here’s what you need:

Lloyds Bank SWIFT code for international transfers

The Lloyds Bank BIC/SWIFT code is needed to make sure your money is deposited into the right account. It’s a unique identifier which guides the payment from the sender’s bank overseas to your Lloyds Bank account in the UK.

The BIC/SWIFT code which is needed can depend on the branch of Lloyds in which you opened your account.

How to find Lloyds Bank SWIFT code

You can get the SWIFT code that’s needed by the person sending you money in the Lloyds banking app. Here’s what to do:

1. Log on to the Lloyds app and select More

2. Choose Send bank details

3. Select Send international details

4. Choose the messaging app you want to use to send your banking details

5. Find the person sending you money in your phone contacts, and tap to send

Lloyds Bank receive limits for incoming international wires

There’s not usually a limit on the amount of money you can receive as an incoming payment to Lloyds Bank. However, the exact limits can vary depending on the specific account you have, so if you have a large payment on the way it may be worth checking with the bank directly to ensure there are no issues with receiving your money.

How long does it take for Lloyds Bank to receive an international wire transfer?

Incoming EUR payments can arrive to your Lloyds account by the end of the following working day after they’re sent. Other currencies may take longer to receive - this depends on the bank which processes the payment and the country and currency it’s coming from.

You might find a specialist provider like Wise or Revolut can help you receive your payment more quickly. Services like these tend to use local account networks which can mean your payment is processed quickly or even instantly.

How to track an incoming international wire transfer with Lloyds Bank

If you want to check on the progress of the money that’s winging its way to you, you’ll need to ask the sender to log into their bank account and track the payment on your behalf.

What can you do if your transfer is not delivered yet

In the first instance it is worth asking the sender to have their bank track the payment to see what has happened to it.

If the sender’s bank asks you to go back to Lloyds for more information you’ll have to have the sender pass you their reference number of the payment, or the unique tracking reference (UETR) so that Lloyds can help you find the money.

Conclusion: Lloyds Bank incoming international wire transfer 

You can receive incoming international transfers to Lloyds Bank accounts, but depending on the country and currency the payment is sent from, a fee might apply. There’s also a 3.55% currency conversion charge if Lloyds bank has to convert your payment to GBP to deposit to your account.

As an alternative, you might want to look at accounts which offer local account details, such as the Wise account or the Revolut Account. These options let you pass the sender local account details in their home currency, so they can send a local payment which is received to your account in the foreign currency.

So - your friend in Europe can send you a payment in EUR easily, and using a local transfer method, which is usually free or cheap for them, too. You can then hold your balance in the foreign currency, convert and withdraw the money, send it to others, or spend it. This gives flexibility and often means lower costs in the end.

If you’re looking to receive a transfer from a specific country, these guides might be helpful:

• How to receive money from Canada

• How to receive money from Ireland

• How to receive money from Europe

• How to receive money from the US

• How to receive money from Spain