Charging options

  • SHA:Shared between parties The LBG charge will be invoiced as per your agreed tariff, but won’t be on the debit advice

    OUR: Sender pays charges The LBG charge will be invoiced as per your agreed tariff, but won’t be on the debit advice. If there are Agency charges taken by the beneficiary bank, these will either be taken at payment execution, as a separate debit (and will show in the debt advice) or may be taken later in the event of a claim.

    BEN: Beneficiary pays charges The charge is taken as part of the payment execution and reduces the principle sum sent to the beneficiary by the LBG charge. The charge taken will be displayed on the debit advice.

     

    Payments in an EU/EEA (European Economic Area) currency and being sent within the EU/EEA
      

    The charging rules are as follows -

     

    SHA Only: If the payment is in an EEA currency and to an EEA country then, if the currency of the account being debited is the same as the currency being remitted then the only valid charging option is SHA.

     

    OUR / SHA: If the payment is in an EEA currency and to an EEA country then, if the currency of the account being debited is different from the currency being remitted then the only valid charging options are OUR or SHA.  The exception to this rule is for a SEPA Credit Transfer where the only valid charging option is SHA. 

     

    Payments in a non EEA Currency being sent outside the EEA   

     

    OUR / BEN / SHA: If the payment is in a non EEA currency to the EEA, in an EEA currency to a non EEA country, or in a non EEA currency to a non EEA country then the charging options are valid, namely OUR, BEN or SHA.

     

Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.

Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 020 7626 1500.

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.

We subscribe to the Lending Code; copies of the Code can be obtained from www.lendingstandardsboard.org.uk.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.