Lloyds Bank International Limited SWIFT/BIC code

What LOYDGGS1 means for a payment to Lloyds Bank International Limited

LOYDGGS1 and LOYDGGS1XXX are the short and the long form of the same SWIFT/BIC code, and both point to Lloyds Bank International Limited in St. Peter Port. The code has a single purpose: it ensures that money from abroad ends up at the right bank. In practice you mostly come across it on invoices from abroad, in your banking app and on the account details of Lloyds Bank International Limited customers.

Below we go through the practical questions: receiving money at Lloyds Bank International Limited, sending money abroad and how to check the code before you hit send. Remember that the BIC only identifies the bank, not the account: the IBAN or account number takes care of that.

Which of the 6 codes of Lloyds Bank International Limited do you need?

Lloyds Bank International Limited has 6 different SWIFT/BIC codes across 4 cities. Only one is the head office code; the rest belong to branches or departments, and sometimes specific services.

Unless the recipient tells you otherwise, use LOYDGGS1XXX or its short form LOYDGGS1. Just use a branch code when your contact gives you that exact code.

The best way is to copy the code straight from the recipient’s invoice. Codes for branches are more prone to be retired than LOYDGGS1XXX when a bank merges or closes offices.

What to give a sender who pays you at Lloyds Bank International Limited

To receive a transfer from abroad into your account at Lloyds Bank International Limited, the person paying you needs more than the SWIFT code. The basics are: your name, IBAN or account number, LOYDGGS1XXX and in many cases your postal address.

Their bank might also ask for the bank address of Lloyds Bank International Limited; the head office in St. Peter Port is usually fine. A mistake in your account number can be more trouble than it looks, so copy the details from your online banking.

Money from abroad does not always land for the full amount. Correspondent banks can take a fee, Lloyds Bank International Limited may charge for incoming payments, and if the currency changes, an exchange rate margin comes on top. Make clear with the sender who covers the fees.

Before you send: check the Lloyds Bank International Limited code

The most reliable source for the BIC is the bank details provided by the recipient: an invoice, a bank statement or their online banking. If the code you have does not match LOYDGGS1 or LOYDGGS1XXX, stop and ask: check with the recipient or with Lloyds Bank International Limited directly.

If the code is wrong, the payment might get stuck, bounce back or end up costing more, and tracing it can take weeks. A mistake in the IBAN or account number can be a bigger problem because it can reach the wrong person.

Most online banking apps check the structure of an IBAN and some suggest the matching BIC. If your bank offers it, a name check on the recipient gives an extra layer of safety. Sending a small amount first is worth it for large sums.

A note on our data

We gather SWIFT/BIC codes from publicly available data and check our list regularly. It can happen that information on this page is out of date, for example after a merger. Counts and locations are from our own dataset and may differ from what Lloyds Bank International Limited publishes.

Treat the information on this page as a helpful check, and let the details from the recipient or Lloyds Bank International Limited have the final say. GoldexPay is an independent comparison service and not part of Lloyds Bank International Limited. If you notice a mistake, we appreciate a short note via the contact page.

LOYDGGS1 or LOYDGGS1XXX – which one to use?

Each SWIFT/BIC code has an 8-character core: a four-letter bank code, a two-letter country code and a two-character location code. In this case, the 8-character core is LOYDGGS1.

The 11-character version has three more characters that identify a branch or department. When those three characters are XXX, the code points to the head office, so LOYDGGS1XXX and LOYDGGS1 are interchangeable.

Do not add spaces or dashes when you type LOYDGGS1. A wrong letter may route the money to a different institution.

Paying into Lloyds Bank International Limited in GBP

Guernsey pays in the British Pound. If you send money in a different currency has to be converted somewhere along the way – by your bank, by Lloyds Bank International Limited or by a bank in between. There is rarely a separate charge for that conversion.

Who converts the payment makes a difference: every bank has its own margin. In many cases you pay less to send GBP straight away through a transfer service that converts near the mid-market rate rather than letting the receiving bank convert.

Rates for GBP change during the day. With bigger transfers, a small gap in the rate adds up quickly.

Transfer times and tracking a payment to Lloyds Bank International Limited

A SWIFT payment usually needs anywhere from one to several business days. Bank holidays in the sending or receiving country add a day or more. Extra checks on larger or unusual payments may also add some delay, regardless of the details.

Many banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Each payment gets a unique reference, the UETR. Keep the payment confirmation until the recipient confirms.

The bank that sent the money can start an official trace – the recipient’s bank often cannot see a payment that has not arrived. On the receiving end, you can look at your account to see a partial amount.

Sending money abroad from Lloyds Bank International Limited

What you pay for an international transfer is made up of several parts, and the transfer fee is only the most visible one. On top of the transfer fee, correspondent or intermediary banks can deduct a fee, and when the money changes currency, the bank often applies a rate that is less favourable than the actual market rate.

Most of the cost usually sits in the exchange rate: many banks convert at a rate with a margin built in. Compare their rate with the mid-market rate; the gap is what conversion costs you.

For a lot of routes, a transfer service is less expensive than a bank – mostly thanks to the rate. GoldexPay compares these services next to each other, showing the amount the recipient gets for the same amount sent. Choosing a specialist does not require leaving Lloyds Bank International Limited – you pay the provider from your own account.

Changed bank details? Be careful

Scammers regularly send fake invoices containing new bank details. That LOYDGGS1 is a real code does not mean that a request mentioning it is genuine; criminals use the codes of real banks too.

Never trust contact details in the same message that announces the new account. Watch out for urgent requests, odd spelling or a sender address that is slightly off. Already paid? Call your bank straight away and ask them to try to recall the payment and report the fraud.

Recipients are targeted too: one known trick is an overpayment and then sends a request to refund the difference to another account. Do not act before the money is actually in your account and check with Lloyds Bank International Limited if anything seems off.