In the global financial network, SWIFT/BIC codes play a pivotal role, particularly when it comes to cross-border transactions. For instance, LLOYDS BANK PLC operates with the SWIFT code LOYDGB21 067 , located at 60 Church Street, Luton, United Kingdom, with the postal code LU1 2BB. For individuals or businesses looking to transfer funds internationally—such as from the U.S. to France—understanding this financial tool is essential.
Suppose you intend to send $10,000 via LLOYDS BANK. The recipient in France would receive approximately €8,482 , based on an exchange rate of 0.8482 . This rate reflects the current market valuation between the U.S. dollar and the euro. However, it is important to note that exchange rates are dynamic and subject to fluctuations, as they are determined by financial service providers such as XE and updated regularly.
When executing an international wire transfer, familiarity with SWIFT codes and the transfer process can significantly reduce uncertainties related to fund movement while ensuring secure delivery to the recipient’s account. Before initiating a cross-border transaction, it is advisable to thoroughly research how to use a bank’s SWIFT code, along with associated fees and exchange rate conditions, to avoid potential complications or financial losses.