I want to send and receive international payments - how is this done?
The ability to make international payments is vital if you're living or working abroad. You may have a job overseas that allows you to send money home to support your loved ones or need to keep on top of financial commitments while away travelling.
By getting the Premier International Account from Lloyds you can both send and receive international payments, regardless of whether money is going to - or from - a personal or business account.
How do I send money abroad?
There are a number of ways in which you can go about sending money abroad, whether you want to send some cash back home to your family or payments need to be made to a company based overseas. Whatever your needs, we are sure to have suitable international transfers and payments services.
Thanks to the Lloyds TSB International moneymovers service, you can quickly transfer cash to almost anywhere in the world. And as they offer this amenity with all major currencies, you should be able to send international payments in the likes of the euro, US dollar and pound sterling.
If you prefer, you can make international payments by mail. To do this all you need to do is simply send your payment off in the post with a covering letter from us and we'll take care of the rest. This could be useful if you need to pay a large, one-off expense. However, if you need to make international transfers on a regular basis, a standing order service may be more suitable for your needs.
Perhaps you want to make deposits into a savings account or have financial commitments back home that need to be met. By setting up an international standing order, payments from your account can be made on a regular basis. You can specify the amount of money that comes out and on what date, giving you total control over your finances.
By doing so you do not have to remind yourself every few weeks that you need to make a payment, saving you time and hassle. Whatever way you decide to make international payments, carrying out transactions will be easy and secure.
How can I receive international payments?
It is as easy to receive international payments as it is to send them. International standing orders are just one of the ways in which you can receive cash while living abroad - this way of sending money abroad is done electronically with the funds going straight into your account.
However, some people and businesses prefer to deal with cheques and if you've received this form of credit payment from someone overseas, you can receive your money within days. Once the cleared funds are collected from the bank that originally issued the cheque, the money is deposited into your account.
Making international transactions will be easy, quick and secure. But should you have any queries about how to make international payments - maybe this is your first time sending money abroad – you should always be able to get in touch with your bank directly.
Lloyds TSB International have a dedicated team of staff who would be more than happy to help with any questions you have about international transfers. To find out more, visit Lloyds TSB International.
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