Lloyds Large Transfers 2025 Guide: the How-to, Limits & Fees 

Lloyds lets customers send payments overseas in a branch, online, in their app and by phone. The Lloyds transfer limit which applies varies depending on how you decide to set up your payment.

This guide walks through how Lloyds transfer limits work, and also suggests a few alternative options like Wise and OFX which you may want to consider for a low cost and fully digital international transfer with low fees and minimum hassle.

Quick summary: Lloyds transfer limits

• The Lloyds transfer limit which applies varies depending on how you decide to set up your payment

• There's no upper limit on branch payments, but daily Lloyds limits apply online and by phone - 100,000 GBP online, and 10,000 GBP by phone

• Lloyds has a fee on many outgoing and incoming international payments, and applies a 3.55% margin to the exchange rate

• You may find you can get a simple and cheap transaction experience if you choose an alternative provider like Wise or OFX instead of using your bank

Lloyds in branch transfer limit: There is no upper limit on branch payments

Lloyds online transfer limit: Send up to 100,000 GBP per day overseas online - lower limits of 25,000 GBP per day may apply on UK transfers

Lloyds phone banking transfer limit: Send up to 10,000 GBP per day by phone

Lloyds receiving limit: No limit usually applies on receiving payments

Lloyds does have a broad range of ways to send payments to people overseas, in app, online, by phone and in a branch. This allows you to pick the one which best suits your needs.

However it's worth knowing that payments have variable fees and delivery times, and where Lloyds is involved in converting your currency, there will be a margin of 3.55% applied. You might find that alternative providers like Wise or OFX can offer a cheaper, faster or more convenient service.

Can you send high value international transfers with Lloyds?

Yes, Lloyds has certain limits set on a daily basis, for online and phone payments. There's no limit on the amount of money you can send in a branch, but you may meet daily caps on the amount of money you can transfer without having to head out to your branch in person.

Lloyds high amount transfer fees

When sending money overseas, Lloyds has no fee for payments made in euros, but if you're sending money in any other currency, you will pay 9.5 GBP per transfer.

There may also be a couple of other fees to know about, including an exchange rate markup - which we'll cover in a moment - and third party fees which are paid to intermediary banks.

There may also be fees levied by the recipient's own bank. Third party fees do not go to Lloyds, but as they're deducted while the payment is being processed, they can still mean that the recipient gets less than you expected in the end where they apply.

If you're sending your Lloyds transfer in a branch or by phone you can choose to cover these third party fees yourself. It could cost 12 GBP or 20 GBP depending on the destination, but this does mean your recipient won't have to pay these costs themselves.

Lloyds exchange rate for international transfers

Lloyds uses an exchange rate markup of 3.55%. This means that to calculate the exchange rate offered to customers, Lloyds will take the mid-market exchange rate, and add 3.55% to it. This margin covers their costs and profits.

Exchange rate markups don't look huge - but as a percentage fee, they can mount up quickly when you're sending a high value transfer. This can very easily be the highest charge you pay overall on your international transfer.

Shop around for the best exchange rate you can find, including looking at alternative providers like Wise and OFX, to see if you can reduce your overall costs.

Is Lloyds safe for large amount transfers?

Lloyds is a large and reliable bank which is safe to use, even when you're sending a higher value payment.

You'll need to take steps to keep your own account secure, but with normal precautions you are safe to use Lloyds to send money locally and internationally.

Lloyds transfer limits

The Lloyds transfer limit which applies to your payment varies depending on how you're sending money and where you're sending it to. Here's a summary:

Details correct at time of research - 3rd April 2025

Alternatives to Lloyds with higher transfer limits

Lloyds may be able to offer higher value payments without limits if you use their branch transfer service. However, this may not be convenient. If you need to make a higher value payment, or if you just want to compare your options to check you're getting the best available deal, there are plenty of alternatives to Lloyds out there.

Here we've picked out OFX, Wise and Xe money transfer as some services you might want to look at, which can support high value payments online and in app, with good exchange rates and low overall costs. Here's how they measure up:

*Other limits may apply, depending on the payment method and destination country. Details correct at time of research - 3rd April 2025

OFX

OFX allows customers to send money in 50+ currencies, all over the world. OFX does not charge any transfer fee on payments although there is a fee included in the exchange rate that's used to process your payment.

There's no upper limit on the amount of money you can send with OFX. If you're sending a high value payment you may need to talk it through with OFX using their 24/7 call line, to make sure you have all the right information and documentation to support your transfer.

Some banks have a daily or per transfer limit on the amount you can send. If your bank imposes a limit, OFX can accept partial payments for a transfer - so you can make several bank transfers to pass OFX the full amount required for processing.

Wise

Wise offers high value payments for individuals and businesses to 140+ countries, with the mid-market exchange rate and low fees from 0.48%. Wise is a secure provider which also offers volume discounts on fees, so the costs could be reduced if you use the service regularly or if you're sending a large amount.

Wise limits when sending in GBP depend on how you want to pay. You can send up to 1 million GBP, but in some cases - such as when you pay with a card - the limit is lower. You'll be shown the payment options based on the amount you need to send so you can decide how best to pay.

If you send more than the currency equivalent of 20,000 GBP a month you could get an automatic discount of up to 0.17%. There's no need to pre-arrange the fee, discounts apply automatically.

Here's how the Wise high value payment discounts break down:

Learn more on How to send large transfers with Wise

Xe Money Transfer

With Xe Money Transfer you can send a payment online or in app to 130+ countries from the UK, for personal or business use. Xe has a fixed limit of 375,000 GBP or the currency equivalent per personal payment. This limit does not apply on business transfers.

Xe does not market volume discounts on fees or exchange rates, but if you're using the service for a big transfer it may be worth calling them to check if there's a good deal to be had.

How long do large transfers take with Lloyds?

Lloyds publishes their transfer times which depend on the payment country and currency. Your payment will start to be processed on the day you request it if you submit your request by 3pm, or by 2pm using the phone banking service.

If you're later than this the processing time does not start until the next working day. Here's a summary of the Lloyds transfer time you may expect:

Details correct at time of research - 3rd April 2025

How to send a large amount transfer with Lloyds

The easiest way to send a payment with Lloyds is to use the Lloyds banking app. You can also send payments in a branch, but using the app can be more convenient. Here's how:

1. Log on to your Lloyds account in the app

2. Select the More menu, then Send money outside the UK

3. Choose Select an international recipient or Pay someone new - for new recipients you need to add their details next

4. Enter how much you'd like to send

5. Select Continue to review the payment details

6. Select Confirm Payment and enter your password to process the transfer

Information needed to send large amounts of money with Lloyds

Here's the information you need to send a payment to someone in the UK or EEA with Lloyds:

• The recipient's full name and address

• The recipient's IBAN

• The recipient's Swift/BIC

You'll need a bit more information for sending to any other destination:

• The recipient's full name and address

• The recipient's IBAN

• The recipient's Swift/BIC

• Name and address of the recipient's bank

• Clearing code

• Reason for your payment

Is it possible to increase Lloyds transfer limits?

There's no limit on the amount you can send overseas with Lloyds in a branch.

If you hit a limit when sending a payment with Lloyds online or by phone you'll need to visit a branch to arrange the payment.

How to increase Lloyds transfer limits

To send a payment with Lloyds you'll always be able to visit your local branch - here there's no limit on the amount you can send.

How to receive large transfers with Lloyds

If you need to receive large transfers with Lloyds, you'll have to give the sender the following information:

• Your full name and address

• Your account IBAN

• Your account BIC which you can find using Internet Banking or the Lloyds app

There's no fee to receive a payment in euro from the UK, EEA or by SEPA transfer. There's a 2 GBP fee for other payments under 100 GBP in value, and 7 GBP on all other payments.

Alternatives to Lloyds for receiving large payments

Receiving a large value payment to your Lloyds account is hassle free but can mean paying an incoming transfer fee.

Transfers to your bank are also not always the fastest or cheapest option. If your sender is overseas, for example, you may find you get less than you expect because of third party charges involved in sending the payment via SWIFT.

You may avoid some of these costs if you choose to receive your payment to a specialist account which lets you receive payments in a foreign currency instead:

Wise Account: Receive money with local or SWIFT account information in 20+ currencies, with quick payment options and low or no fees. Hold, send, or spend your money as you choose, with mid-market exchange rates. Learn more on Wise Account Review.

Revolut Account: Hold money in 25+ currencies in your Revolut account, which you can spend with your Revolut card, use for future payments or withdraw to your US bank later. In some cases you can receive in foreign currencies using local details – in other cases you need to use SWIFT details, which can be slower and come with higher costs.

Lloyds business payments limits

Lloyds business customers can send transfers online through the business banking service. This allows you to send payments to UK and international accounts of up to 250,000 GBP per day. If you're sending more than this you may need to visit your local branch in person to arrange the transfer.

Lloyds customer support for high amount transfers

Lloyds recommends that you message the bank securely online or in the Lloyds app if you need support with your transfer.

You can also call into your local branch if you'd rather talk to someone face to face.

Conclusion: Does Lloyds have transfer limits?

The Lloyds transfer limit which applies to your payment will depend on how you decide to make your transfer in the first place. There is no upper limit on branch payments, or you can send up to 100,000 GBP per day overseas online - lower limits of 25,000 GBP per day may apply on UK transfers. If you'd prefer you can also send up to 10,000 GBP per day by phone.

Lloyds has a fee on many outgoing and incoming international payments, and applies a 3.55% margin to the exchange rate used for currency conversion. To see if this is the best way for you to send or receive money, you'll want to compare your options with some other providers, such as Wise and OFX to see which can offer the best available deal on your specific payment.

Lloyds transfer limits FAQs

How much can I transfer with Lloyds internationally online?

You can send up to 100,000 GBP per day overseas online - lower limits of 25,000 GBP per day may apply on UK transfers.

What is the maximum amount you can transfer abroad with Lloyds?

There is no upper limit on branch payments sent overseas. However, if this isn't convenient you might want to take a look at alternative digital services like Wise and OFX which offer higher online limits compared to Lloyds.

How can I increase the Lloyds maximum transfer limit?

To send a very high value payment with Lloyds you'll always be able to visit your local branch - here there's no limit on the amount you can send.

Related: Lloyds international money transfer guide.