Overview
Lloyds Bank International, at a glance.
Lloyds Bank International is a bank (branches in jersey, guernsey and the isle of man) headquartered in the United Kingdom, regulated by Prudential Regulation Authority and Financial Conduct Authority, Jersey Financial Services Commission, Guernsey Financial Services Commission, Isle of Man Financial Services Authority. The company behind Lloyds Bank International is Lloyds Bank Corporate Markets plc. Business accounts cost £8.50 a month. Opening an account takes 3–5 days.
Deposits at the island branches are covered by the local schemes: Jersey Bank Depositors Compensation Scheme and Guernsey Banking Deposit Compensation Scheme (up to £50,000 each) and the Isle of Man scheme.
Why businesses pick Lloyds Bank International
- Part of Lloyds Banking Group, with branches and relationship managers in the islands
- A sterling current account with USD and EUR accounts
- £8.50 a month up to £25 million turnover
- Faster Payments credits are free; 100 electronic payments a month are free
- New-to-bank businesses under £3 million turnover can apply online
Watch out for
- Only for companies registered and operating in Jersey, Guernsey or the Isle of Man
- International payments cost 0.25% (minimum £13) and payments received from abroad £7
- FX margin 2.70% under £25,000 balance, falling with size
- Prohibited industries, gambling stance and non-resident rules are not published
- Foreign-currency balances use call accounts, not a multi-currency account
Business fit
Will Lloyds Bank International accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on Lloyds Bank International's published rules
Likely no
Lloyds Bank International does not list United Kingdom among the countries where it accepts companies.
Lloyds Bank International does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What Lloyds Bank International publishes about the businesses it takes on.
Who Lloyds Bank International serves
- Startups and SMEs
- Financial institutions
- NGOs and charities
- Professional services
All 6 industries on Lloyds Bank International's accepted list
- Small and medium-sized businesses with turnover of £3 million to £25 million
- Corporates above £25 million
- Financial institutions and service providers (trust and company administrators, funds)
- Commercial real estate
- Charities, clubs and community organisations (Island Charity and Community Accounts)
- Businesses holding client money (Island Clients Account)
Not supported
Industries and countries Lloyds Bank International does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use Lloyds Bank International?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
GBP, USD and EUR
- GBP
- USD
- EUR
Sterling current account; USD and EUR accounts.
Payment reach
Not published
Who can apply
Company incorporation countries3 countries · show list
- Jersey
- Guernsey
- Isle of Man
Owner nationality
Not publishedOwner residency
Not publishedCompany types
Island companies, Charities, clubs and community organisations (Island Charity and Community Accounts), Businesses holding client money (Island Clients Account)
Pricing
What does Lloyds Bank International cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Free
Monthly fee
£8.5–20
depends on plan
Island Business Banking Account
Lowest cost£8.5 per month
£0 setup · £102 in year one
Island Business Extra Account
£20 per month
£0 setup · £240 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| Faster Payments (GBP) | Free | No charge |
| SWIFT / international | £7 | Fixed fee · Payments received from abroad; £2 if £100 or less |
| Outgoing | ||
| SEPA | 0.25%, min £16 | Percentage, with a minimum charge · Maximum £40 |
| Faster Payments (GBP) | £0.2 | Fixed fee · Each electronic payment after the first 100 a month |
| CHAPS (GBP) | £25 | Fixed fee |
| SWIFT / international | 0.25%, min £13 | Percentage, with a minimum charge · Standard International Moneymover; maximum £40 (Express: minimum £19, maximum £46) |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | 2.7% | Percentage of the amount · Indicative margin for balances below £25,000; 2.00% from £25,000, 1.20% from £50,000, 1.00% from £100,000, 0.75% from £150,000, 0.50% from £500,000, 0.20% from £750,000 |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Card FX | 2.75% | Percentage of the amount · Non-sterling card transactions |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Pre-scoping
Give high-level detail on ownership and the purpose of the account so the bank can decide if it has the risk appetite.
- 2
Application
Complete the account forms on the bank's KYC360 portal.
- 3
Due diligence
The onboarding team reviews source of wealth and the structure.
- 4
Account live
Once approved the account is opened; larger businesses contact the bank directly.
Documents you need
Not published
FAQ
Your questions, answered.
Is Lloyds Bank International a bank?
Yes. It is the island business of Lloyds Bank Corporate Markets plc (company number 10399850; PRA and FCA registration 763256), with branches in Jersey, Guernsey and the Isle of Man.
How much does Island Business Banking cost?
£8.50 a month for businesses with turnover up to £25 million and £20 above. Faster Payments credits are free, electronic payments cost £0.20 after the first 100 a month, CHAPS £25, and international payments 0.25% (minimum £13, maximum £40).
Who can open an account?
Companies registered and operating in Jersey, Guernsey or the Isle of Man. Businesses new to the bank with turnover under £3 million apply through the online portal.
Does it offer foreign-currency accounts?
Yes: USD and EUR accounts alongside the sterling account; foreign-currency balances use call accounts.
Alternatives
How Lloyds Bank International compares.
If Lloyds Bank International is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 Lloyds Bank InternationalThis pageBank (branches in Jersey, Guernsey and the Isle of Man) |     | Channel IslandsIsle of Man |
 NatWest InternationalBank |  | BankChannel Islands |
 HSBC UKBank | | High-street bankInternational payments |
 Allica BankBank | | CashbackEstablished SMEs |
| Starling BankBank | | Free accountDeposit protection |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.