Charging options

  • Charging options explained

    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.

    Available Charging options

    SHA Only: If the payment is to an EEA country from an EEA country, regardless of the currency, the only valid charging option is SHA e.g. sending any currency from the UK to France.

    OUR or SHA: If the payment is partially in the EEA i.e. either you or the beneficiary are outside of the EEA, regardless of the currency, you can only choose OUR or SHA e.g. sending AUD from the UK to Australia, or USD from the USA to France.

    OUR, BEN or SHA: If the payment is made from outside the EEA to another country also outside the EEA then OUR, BEN or SHA can be selected e.g. sending USD from the USA to Australia

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Important legal information

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Lloyds Banking Group includes companies using brands including Lloyds Bank, Halifax and Bank of Scotland and their associated companies. More information on Lloyds Banking Group can be found at www.lloydsbankinggroup.com