Lloyds Bank International Limited SWIFT/BIC code

What LOYDIMD1 means for a payment to Lloyds Bank International Limited

If an invoice shows LOYDIMD1 or LOYDIMD1XXX, you are looking at the same address for Lloyds Bank International Limited in Isle of Man. A BIC does one job: it makes sure that an international payment ends up at the right bank. You will need it mainly for payments that cross a border.

This page is meant to help people who receives money at an account at Lloyds Bank International Limited. The SWIFT code on its own cannot identify a personal account; for that you need the IBAN or account number is for.

Verifying the SWIFT code of Lloyds Bank International Limited

The most reliable place for the right code remains paperwork issued by the bank, such as a statement or the account details in online banking. Check that code with LOYDIMD1 on this page; if they differ, ask before you pay.

Errors in the BIC are annoying more than disastrous. Do not forget the IBAN: a mistake there can be harder to undo than a wrong BIC.

A validity check in your banking app merely confirms that the code is valid, not that it is the right account. If your bank offers it, a name check before sending adds extra certainty. A small test payment can be a sensible step for a large first payment, even if it costs an extra fee.

British Pound (GBP) and conversion costs

Accounts at Lloyds Bank International Limited are typically held in GBP, the national currency. A payment in a foreign currency will be exchanged into GBP before it reaches the account, and whoever converts it chooses the rate. You rarely see a separate line for that conversion.

Where the conversion happens affects the final amount. Sending the money already in GBP usually prevents an extra conversion.

Exchange rates move during the day, and some providers let you lock in a rate. With bigger transfers, a small difference in the rate adds up quickly.

Sending money abroad from Lloyds Bank International Limited

When you transfer money abroad via Lloyds Bank International Limited, the visible fee is rarely all of the cost. You pay the transfer fee, possibly fees charged by intermediary banks in between and, most importantly, the exchange rate markup when the money is converted.

Banks do not list the margin on the rate separately, but you pay it all the same. An easy check: set the bank’s rate next to the mid-market rate for the same moment and work out the difference on your amount.

Specialised transfer providers frequently use rates closer to the mid-market rate and lower fees. GoldexPay compares the amount that arrives across services, so you can pick the cheapest route. You can always keep your account at Lloyds Bank International Limited to fund the transfer; only the conversion and sending happen elsewhere.

About this information

We gather SWIFT/BIC codes using publicly available data and update them regularly. It is possible that a code on this page is no longer current. The number of codes on this page reflect what is in our directory and not on information from Lloyds Bank International Limited itself.

Treat this page as a starting point, not as the final word. We are a comparison service for money transfers and not part of Lloyds Bank International Limited. If you notice a mistake, we appreciate a message via the contact page.

Choosing between the 6 SWIFT codes of Lloyds Bank International Limited

Having 6 codes in 3 locations, Lloyds Bank International Limited is one of the banks that use individual codes for branches and departments. The main code remains LOYDIMD1XXX.

For the vast majority of incoming transfers, the head office code LOYDIMD1XXX works fine. Branch codes are only needed when the account holder explicitly asks for it, which is more common for business accounts and specialised services.

When in doubt, ask the person you are paying which code their bank gave them. Codes for branches are more likely to be retired than LOYDIMD1XXX.

Scams that use SWIFT codes

A common scam goes like this: an email arrives with a request claiming that a company has a new bank account. That LOYDIMD1 is a real code does not mean that the account is legitimate; criminals use the codes of real banks too.

Never trust a phone number in the same message that announces the change. Pressure and requests to keep it quiet tend to be warning signs. Already paid? Contact your bank without delay and ask them to start a recall and report the fraud.

Fraud can also work the other way: someone sends too much and asks you to refund the difference. Wait until the money has really arrived.

What the XXX in LOYDIMD1XXX means

Each SWIFT/BIC code starts with the same eight core characters: a four-letter bank code, two letters for the country and two characters for the location. That gives you LOYDIMD1 for Lloyds Bank International Limited.

Most payment forms accept either length. If yours asks for eleven characters, use LOYDIMD1XXX, otherwise LOYDIMD1 is fine.

Enter the code as one block, in upper case and without separators. Look out for O versus 0 or I versus 1, a common source of typos.

Tracking a transfer to or from Lloyds Bank International Limited

A SWIFT payment typically needs one to a few business days – it depends on currency, route and the banks in between. Bank holidays in either country add a day or more to the journey. Occasionally a bank asks what the payment is for, which can hold things up.

A growing number of banks use SWIFT gpi. Each payment carries a unique reference, the UETR. Specialist transfer services usually show a status in their app showing how far the payment is.

Only the sending bank is able to request a trace or a recall; the receiving side usually has nothing to trace yet. On the receiving end, you can look at your statements to see a partial amount.

Incoming international payments to Lloyds Bank International Limited

If you expect money from abroad, send the payer everything they need in one go. Share the account holder’s name, your account number or IBAN, SWIFT code LOYDIMD1XXX and your address, which some banks require.

You can include Lloyds Bank International Limited and its city as well, because some payment forms have separate fields for them. A mistake in the IBAN can be harder to fix than it looks.

Money from abroad does not always land in full. Charges on incoming payments vary from bank to bank – the price list of Lloyds Bank International Limited tells you what applies. Agree with the sender who pays which costs before the money is sent.