Guide to sending large payments with Lloyds Business UK, including transfer limits

Need to make a large business payment? You might need to pay an invoice, buy equipment, pay office rental costs or transfer money between accounts.

Whatever the payment is for, you’ll need a quick, secure and cost-effective way to send it.

In this handy guide, we’ll take a look at how large payments work with Lloyds Business here in the UK. This includes how to set up a transfer, average transfer times, security considerations and fees.

We’ll also quickly show you an alternative - Wise Business. You can speedily and securely send large transfers with Wise Business for low fees and mid-market exchange rates. This makes it ideal if you’re making a transfer across international borders.

💡 Learn more about Wise Business

Can you use Lloyds Business for large transfers?

Yes, Lloyds Business accounts have generous transfer limits - so you can send large amounts through the bank.

There are lots of ways to set up a Lloyds Business large transfer, such as online banking, phone banking or branch banking. You can also use the Lloyds mobile banking app.

You can send both UK and international large payments with your Lloyds Business account.

Is Lloyds Business safe for large payments?

Security will always be a top priority when sending large amounts, so it’s important to choose a regulated, trustworthy provider.

As an established and licensed UK bank regulated by the Financial Conduct Authority (FCA), Lloyds Business is completely safe for large payments.

It offers a number of advanced security measures to protect your account and transfers, including:¹

• Anti-fraud protection and monitoring service
• Account suspension after too many incorrect login details, in case fraudsters are trying to guess your details
• Fraud investigation and refunds
• Confirmation of Payee (CoP) - checking that the details for the payment match the account holder
• Secure log on - using biometrics such as fingerprints or face ID to safeguard access to your account
• Automatic logoff after a period of inactivity - so that no one else can access your account
• Strong Customer Authentication - including extra checks when you buy something online
• Data encryption and other leading security technology to protect your online banking.

However, you should also take sensible precautions yourself when sending payments. These include double-checking recipient bank details, keeping your online banking details secure and being vigilant against scams.

How to make a large payment with Lloyds Business

You can make a Lloyds Business large payment via online banking, mobile banking, in branch or by phone.

The easiest method is online, although you can also get support for particularly large transactions in a branch or over the phone if you prefer.

Bear in mind though that there is an additional fee to pay for any staff-assisted transfers being sent overseas - we’ll look at this in more detail shortly.

To send your transfer, you’ll need the recipient’s details to hand:

• The recipient’s name or business name as it appears on their bank account
• Their bank account number and sort code
• The type of account (i.e. a business account)
• The International Bank Account Number (IBAN) - for international transfers
• The SWIFT/BIC code for their bank - needed for international transfers.

To set up the payment online, follow these steps:²

1. Login to your Lloyds Online for Business account
2. Next to the account you want to pay from, select ‘Payments and transfers’
3. Select an existing recipient from the list, or add their details if it’s a new recipient
4. Enter the amount
5. Add a payment reference
6. Authorise the payment (if requested) - this step may be needed if you’re paying a new recipient for the first time, and may involve entering a code texted to your phone or another verification step
7. Check all the details and confirm the payment.

Sending payments to another Lloyds Business account? There’s no shortcut unfortunately - you’ll just need to enter the recipient details and make sure to save them in case of future payments.

In the case of very large payments, you may be contacted by the bank for extra checks. You may also be asked to provide additional verification documents showing the source of the funds (for example, business bank statements).

How long do large transfers take with Lloyds Business?

Sending a time-sensitive payment? Here’s a look at average Lloyds Business large transfer times, so you know roughly how long your payment will take to arrive:

What's the Lloyds Business maximum transfer limit?

You’ll also need to know how much you can send in one payment, and per day.

Lloyds Business transfer limits vary depending on the payment type:²

What are the Lloyds Business fees for large transfers?

Now for the all-important question - how much does it cost to use Lloyds Business for large transfers?

Let’s run through the main Lloyds Business large transfer fees you need to know, including the costs for both online and staff-assisted payments where available:³

• Fees correct as of 13.01.26

If you’re sending an international payment with Lloyds Business, there’s also another ‘hidden’ cost to factor in - the exchange rate for converting currency.

Banks such as Lloyds typically add their own margin to the mid-market exchange rate, which can make the transfer more expensive - especially if you’re sending large amounts.

For Lloyds Business Banking customers, the conversion charge is 2.60% for payments below £25,000. For payments above this, the rate varies between 0.90% and 2.10% depending on the amount you’re sending. The more you send, the better the rate.⁵

Lloyds Business alternative, utilise Wise Business for large transfers

As an alternative to Lloyds Business, check out Wise Business - which has multi-currency account and card solutions for businesses of all sizes.

It also has a dedicated secure service for sending large payments. Transfer limits depend on what currency is being sent, here's a few of the most popular:

• GBP - £20 million GBP per transfer
• EUR - €20 million EUR per transfer
• USD - $20 million USD when paying from your USD account, $1.6 million per SWIFT transfer.

It’s also worth knowing that Wise offers discounts for sending large amounts over £20,000 (or the currency equivalent). The more you send, the more you save.

You can open an account for £50 (Advanced plan) or for free (Essentials plan), with no ongoing monthly fees and no minimum balance requirements. All accounts can hold and exchange 40+ currencies, and Wise Business Advanced accounts let you receive payments like a local with major currency account details.

Whenever you need to convert currencies, to send a payment or spend with your Wise debit card, you’ll get the mid-market exchange rate and low conversion costs from 0.33%.

See High Amount Transfer Comparison 2026 for more info.

Want more? Here are some of the many brilliant Wise Business features you can access:

• Send money quickly or instantly to bank accounts in 140+ countries
• Issue business debit and expense cards for you and your team with no foreign transaction fees, and low conversion costs from 0.33%
• 0.5% cashback on eligible card spending
• Connect seamlessly to your accounting software
• Generate invoices and payment links to receive money easily from customers
• Automate payouts with the powerful Wise Business API.
• Make your money work harder with Wise Interest (capital at risk, growth not guaranteed)

Register with Wise Business🚀

Investments can fluctuate, and your capital is at risk. Interest is offered by Wise Assets UK Ltd, a subsidiary of Wise Payments Ltd. Wise Assets UK Ltd is authorised and regulated by the Financial Conduct Authority with registration number 839689. When facilitating access to Wise investment products, Wise Payments Ltd acts as an Introducer Appointed Representative of Wise Assets UK Ltd. Please be aware that we do not offer investment advice, and you may be liable for taxes on any earnings. If you're uncertain, we urge you to seek professional advice. To find out more about the Funds, visit our website.

*Disclaimer: The UK Wise Business pricing structure is changing with effect from 26/11/2025 date. Receiving money, direct debits and getting paid features are not available with the Essential Plan which you can open for free. Pay a one-time set up fee of £50 to unlock Advanced features including account details to receive payments in 22+ currencies or 8+ currencies for non-swift payments. You’ll also get access to our invoice generating tool, payment links, QuickPay QR codes and the ability to set up direct debits all within one account. Please check our website for the latest pricing information.

Sources used:

Sources last checked 13-Jan-2026