Lloyds Tsb Bank PLC SWIFT/BIC code

Lloyds Tsb Bank PLC SWIFT code: LOYDECE1

The short code LOYDECE1 and the 11-character code LOYDECE1XXX identify one and the same institution: Lloyds Tsb Bank PLC, with its head office in Quito. A SWIFT code shows the sending bank exactly which bank is meant to get the money, much like a postcode for banks. In daily life you usually come across it on invoices from abroad, in payment forms and in the bank details of Lloyds Tsb Bank PLC customers.

On this page you can read what the code means, when it matters and what else a transfer to or from Lloyds Tsb Bank PLC requires. Remember that the SWIFT code only identifies the bank, not the person: the account number or IBAN takes care of that.

The US Dollar and what conversion costs you

The currency in Ecuador is the US Dollar (USD). When you pay another currency it gets converted somewhere along the way. You rarely see a separate charge for the conversion; it is built into the rate.

Who does the conversion has an effect on how much arrives, as rates and margins differ per bank. Compare what USD the recipient gets with different services.

The USD rate changes throughout the day, so the amount you see is usually only valid for a short time. On larger amounts, a small gap in the rate can be worth more than the fee.

Before you send: check the Lloyds Tsb Bank PLC code

The most reliable source for a SWIFT code is the bank details provided by the recipient: an invoice, a bank statement or their online banking. If the code you have differs from LOYDECE1 or LOYDECE1XXX, do not guess – contact the recipient or Lloyds Tsb Bank PLC.

With a wrong code, the payment might get stuck, bounce back or end up costing more – sometimes after weeks of searching. A mistake in the account number is a bigger problem.

Most online banking apps validate the format of IBANs and some suggest the matching BIC – that confirms the format, not the owner. Where available, a name check on the recipient gives an extra layer of safety. When you pay someone new, many people start with a small amount first and wait for confirmation.

A note on our data

The details here come from public sources that we update regularly. Still, banks merge, rename themselves or change codes. The number of codes we show reflect what is in our directory and not on information from Lloyds Tsb Bank PLC itself.

Treat the information here as a helpful check, and let the details from the recipient or Lloyds Tsb Bank PLC have the final say. We are a comparison site and not part of Lloyds Tsb Bank PLC. Should you notice a mistake, we welcome a short note.

Choosing between the 2 SWIFT codes of Lloyds Tsb Bank PLC

Having 2 codes, Lloyds Tsb Bank PLC is one of the banks that use individual codes for branches and departments. The main code remains LOYDECE1XXX.

Unless the recipient tells you otherwise, go with LOYDECE1XXX or its short form LOYDECE1. Just use a branch code when the recipient explicitly asks for it.

Unsure which code applies? Ask the recipient or the bank itself. Codes for branches are more prone to be retired than LOYDECE1XXX when a bank merges or closes offices.

International transfers from Lloyds Tsb Bank PLC: the real cost

What you pay for a payment abroad has more than one component – not just the fee on your screen. On top of the transfer fee, correspondent or intermediary banks may deduct a fee, and if currencies are converted, the bank often applies a rate that is less favourable than the real market rate.

Banks rarely show their exchange rate markup separately – you only notice it if you compare. Check their rate against the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

Money transfer services frequently use a rate near the mid-market rate with clearer fees. GoldexPay lists these services next to each other so you can see the amount the recipient gets before you commit. Choosing a specialist does not mean closing your account at Lloyds Tsb Bank PLC: you simply pay the service from your account.

Receiving money from abroad at Lloyds Tsb Bank PLC

A sender in another country needs several details from you – incomplete details often cause delays. Give them the account holder’s name, your account number or IBAN, SWIFT code LOYDECE1XXX and your address.

Certain banks also ask for the address of Lloyds Tsb Bank PLC. A mistake in your account number is more trouble than you might think; copy them from your banking app rather than typing.

The amount you receive is often less than the amount sent. Charges on incoming payments vary per bank – the price list of Lloyds Tsb Bank PLC tells you what applies. Make clear with the sender who pays which costs before the money is sent.

How long does an international transfer to Lloyds Tsb Bank PLC take?

There is no single delivery time: many arrive the same day or the next, others take several business days. Bank holidays in the sending or receiving country add extra days to the journey. Compliance checks by one of the banks can also cause some delay, even when all details are correct.

When a payment takes longer than expected, ask the sending bank about the tracking status and the transaction reference. Keep your transfer receipt until the money has arrived – you will need it for any trace request.

If the money does not arrive after a few business days, the sender should contact their own bank, not the receiving bank. Ask the sender for the payment receipt – it helps your own bank look for the money.

8 or 11 characters: LOYDECE1 versus LOYDECE1XXX

A BIC is made up of a few fixed parts: characters one to four stand for the bank, the next two give the country and the two after that indicate the location. Combined, those parts form LOYDECE1 – the version you usually see online.

XXX at the end of LOYDECE1XXX does not stand for a missing value or an error: it stands for the head office of Lloyds Tsb Bank PLC. Some banking apps insist on 11 characters, in which case you simply enter XXX after LOYDECE1.

In practice the code is written in capitals, without spaces or dashes. Pasting the code is safer than typing it by hand: a typo can point to another bank.

Scams that use SWIFT codes

Stay alert if someone suddenly asks you to send money to a different account. A real SWIFT code says nothing about who owns the account – scammers simply use real codes.

Never trust contact details in the same message that announces the new account. Urgency and secrecy tend to be red flags; a genuine business can wait for you to check. When money has already gone to the wrong account, contact your bank immediately – speed improves the chance of getting it back.

People receiving money are targeted too: a classic trick is an overpayment and then sends a request to send back the difference. Wait until the money is actually in your account – ask Lloyds Tsb Bank PLC if something looks wrong.