Lloyds TSB International has removed its fees for international money transfers for all existing and new personal banking customers of the Bank's Premier International Account
This means account holders will no longer be charged a transfer fee to move currency to any overseas bank account, regardless of whether it involves currency exchange or not and regardless of how the transfer request is made, be it online, by telephone or post. Previously, international money transfer fees were charged at £15 online and £25 on the phone. "Removing fees for international money transfers is a logical and, we hope, popular step to take as we try to build the market-leading banking service for expats," said Managing Director Russell Galley. "Many expats rate foreign excha...
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