Features & benefits
If you want to hold savings in another currency, our Call Account could make international transactions a whole lot easier.
It’s available in most major currencies and because you can access your account wherever you are with internet banking, it gives you more control over your money.
- The minimum deposit you need to open an account varies with the currency you choose
- Opening balance for Sterling accounts is £10,000
- Tiered interest rates mean the more you save the more you earn
- Get instant access to your funds
- For Sterling, Euro and US dollar accounts, interest is paid monthly. For other currencies, interest is paid half yearly
Eligibility
You must be a personal customer aged 18 years and over. You must be ordinarily resident in the Channel Islands or Isle of Man.
Current Interest Rates
| Access |
Interest rate |
Minimum deposit |
Currencies available |
| Instant |
Variable |
£10,000 sterling. Other currencies vary. |
All major currencies |
Charges and Fees:
Sending funds*
| International moneymover service |
Through Currency Internet Banking |
£15 |
| Through Offshore PhoneBank, in branch, or in writing |
£25 |
| Through Standing Order |
£15 |
| To your other accounts held with Lloyds Banking Group |
Free |
| International drafts |
£15 (plus registration fee if posted) |
| Electronic Funds Transfer
(CHAPS payments within the British Isles) |
£20 + £5 for confirmation to recipient
Minimum payment £1,000 |
| Cash withdrawals and deposits into the US Dollar Account and/or Euro Account |
2% on the Sterling equivalent of each currency, minimum £3 per currency and £10 administration fee.
These accounts are not designed to be used for receipt of notes or coins. If you need this service, please contact your International Banking Team. |
| Recalling a payment |
£20 per payment
We cannot guarantee the cancellation as funds may already have been paid to the beneficiary. You could receive less than the original amount of the payment, due to adverse exchange rate movements |
* Plus charges levied by the correspondent bank abroad.
Receiving funds
| Cheque Collections |
Cheques up to £100 should go to |
£5 |
| Cheques up to £100 and above |
25p per £100 (min £15, max £80 per cheque) |
| Cheque negotiation to Sterling account* |
Cheques up to £100 |
£5 |
| Cheques of £100 and above |
25p per £100 (min £15, max £80 per cheque) |
| Cheques in a foreign currency drawn in a different country (not UK) e.g. US Dollars drawn in France |
As above, but minimum £10 per cheque. |
| Cheque negotiation to currency account* |
Cheques in the same currency as the account |
£2 per cheque |
| Cheques requiring currency conversion |
£4 per cheque |
| Electronic bank transfer from another financial institution |
Up to £100 |
£2 |
| £100 and above |
£7, or £10 for telephone advice |
* The correspondent bank may also levy a charge based on the value of the cheque.
Other standard services
| Supplying copies of previous bank statements |
£5 per request
An administration charge may be made for excessive requests. |
FAQ
What is the minimum opening balance?
The minimum opening balance for a Money Market Call Account in Sterling is £10,000. The minimum deposit varies for Fixed Term Deposits in other currencies so please ask for details.
How much can I deposit in a Money Market Call Account?
There is no maximum balance so you can deposit as much as you would like.
What currency can I open a Money Market Call Account in?
We offer Money Market Call Accounts in a range of currencies. If the currency is not listed on our website you can always call or visit us in branch to see if we can help.
How much access do I have to my money?
You have instant access to your money 24/7 via Offshore PhoneBank and internet banking.
When is interest paid on the Money Market Call Accounts?
Interest on sterling, US dollar and euro call accounts is paid monthly and on all other currencies it is paid half yearly.
Who can I speak to if I need extra information?
For Jersey residents please call 01534 845155, Isle of Man residents 01624 638279, Guernsey residents 01481 706347 or Alderney residents 01481 822340.