The Lloyds Classic account has no monthly fee while you stay in credit. The charges most people meet are arranged overdraft interest (the representative rate is 29.9% EAR variable) and, on Classic and Basic accounts only, fees for using your debit card in a foreign currency. Club Lloyds, the packaged accounts, Premier, Student and Graduate accounts don’t pay Lloyds debit card fees abroad.
This page is part of our guide to Lloyds Bank. All figures are from Lloyds’ own pages, checked on 28 September 2026.
Monthly account fees
| Account | Monthly fee | When the fee is refunded |
|---|---|---|
| Classic | £0 | Free banking while you stay in credit (Lloyds notes other fees may apply) |
| Club Lloyds | £5 | Each month you pay in at least £2,000 |
| Lloyds Premier | £15 | Each month you pay in £5,000, or if you have £100,000 saved or invested with Lloyds |
| Silver (packaged) | £11.50 | Not refunded |
| Platinum (packaged) | £22.50 | Not refunded |
The packaged accounts bundle insurance and breakdown cover (Lloyds lists mobile phone insurance and AA Roadside Assistance on both, with European and UK family travel insurance on Silver, up to age 65, and worldwide cover on Platinum, up to age 80). They only save you money if you’d otherwise buy that cover separately. What Club Lloyds includes is covered on our Lloyds Bank overview.
Worked example (Club Lloyds). Club Lloyds costs £5 a month, and Lloyds refunds the following month's fee for each calendar month you pay in at least £2,000. The fee is refunded month by month, so it depends on how much you pay in each month, not on your yearly total. In a year when you pay in at least £2,000 in nine months and less in the other three, you pay £15. In a year when you never reach it, you pay £60.
Overdraft charges
Lloyds charges daily interest on an arranged overdraft, only on days you use it. There is no fee for setting one up. The representative rate is 29.9% EAR variable, but your own rate is set individually: Lloyds says it is based on how you manage any accounts you have with it and on the credit information it holds about you. EAR (equivalent annual rate) is the yearly cost of the overdraft, including interest charged on interest, and excluding other fees.
A few Lloyds-specific rules worth knowing:
- Same-day grace period. If a payment takes you into your arranged overdraft, you have until the end of the day to pay money back in and avoid that day’s interest (for example, by moving money from another Lloyds account or paying in cash at a branch).
- Club Lloyds interest-free amount. Club Lloyds overdrafts come with the first £100 interest-free.
- No unarranged overdraft charges. Lloyds says there is no unarranged overdraft interest, fees or charges. If you don’t have enough money, it may let the payment through as an unarranged overdraft or refuse it, with no charge either way. A refused payment can still cost you, because the company you were paying may charge a missed-payment fee, and an unarranged overdraft can damage your credit score.
- Not every account can have one. Lloyds doesn’t offer arranged overdrafts on Under 19s, Smart Start or Basic accounts, and you must be 18 or over. Approval depends on Lloyds’ assessment of your circumstances, and an overdraft must be repaid in full if Lloyds asks.
Lloyds’ own cost example. For a Club Lloyds account, Lloyds says the interest cost of borrowing £500 is £1.96 for 7 days, £8.50 for 30 days and £17.20 for 60 days. Its representative example is a 29.9% EAR variable rate and 33.20% APR variable, based on borrowing £1,200, with the APR including the £5 monthly fee and the £100 interest-free amount. Lloyds’ overdraft page links a cost calculator for other amounts.
If you want to talk to Lloyds about your overdraft or about difficulty repaying it, the numbers are on our Lloyds customer service page.
Using your debit card abroad
Whether you pay anything depends on which account your card belongs to. These are the fees on Lloyds’ debit card charges table:
| Fee | Club, Silver, Gold, Platinum, Premier, Student and Graduate cards | Other debit cards (including Classic and Basic): euros in the EEA or UK | Other debit cards: all other foreign currency |
|---|---|---|---|
| Foreign currency transaction fee (on every payment and withdrawal) | Nil | 2.99% | 2.99% |
| Foreign currency purchase fee (per card payment) | Nil | Nil | £0.50 |
| Foreign currency cash fee (per cash withdrawal, including pounds taken out outside the UK) | Nil | Nil | £1.50 |
| Foreign cash fee (a cash withdrawal where you accept the cash machine’s conversion) | Nil | Nil | £1.50 |
Travel Smart. Travel Smart costs £7 a week and removes Lloyds' debit card fees abroad for the weeks you choose, up to 6 weeks a year. The conditions:
- Up to 6 weeks in each calendar year; unused weeks don't carry over.
- You add it before you travel, with a start date in the next 12 months.
- If Lloyds can't take the payment because there isn't enough money in the account, Travel Smart is cancelled.
- It only removes Lloyds' own fees, not a charge from a provider abroad that converts the payment for you.
- It can't be added to Club, Silver, Gold, Platinum, Premier, Student or Graduate accounts, which don't pay these fees.
Worked example (Classic account). Withdrawing the equivalent of £200 in US dollars costs £5.98 in transaction fee plus the £1.50 cash fee, so £7.48 in Lloyds fees. The same £200 taken out in euros in Spain costs £5.98, because the £1.50 cash fee doesn’t apply to euros within the EEA. Ten card payments of £50 each in US dollars cost £19.95 in fees (each one pays the £0.50 purchase fee plus the percentage fee on £50). On a Club Lloyds card, all three cost nothing in Lloyds fees.
Two more points from Lloyds: if you let the shop or cash machine convert the payment into pounds, the provider may charge you for the conversion, which Lloyds says is often more expensive. Lloyds then doesn’t charge its percentage fee or purchase fee, but a Classic or Basic cash withdrawal abroad that uses the machine’s conversion still pays the £1.50 foreign cash fee (except euros in the EEA or UK). And some cash machines abroad charge their own fee even when Lloyds doesn’t. How much you can withdraw each day is on our Lloyds ATM limit page.
Lloyds credit cards abroad. These have their own fees: a 2.95% non-sterling purchase fee, and a 5% cash fee that also applies to withdrawals in pounds.
Payment charges
- Faster Payments: Lloyds says there is no fee. How much you can send each day is on our Lloyds transfer limit page.
- CHAPS: Lloyds only offers CHAPS in branches, for a fee of £25 per payment. See how long a CHAPS payment takes for how CHAPS works.
- Standing orders and direct debits: see our direct debit vs standing order guide for which suits a regular payment.
- International payments: Lloyds’ personal banking terms (correct as of September 2026) list no Lloyds fee for sending a payment in euros and £9.50 for a payment in any other currency. If you choose to pay the full cost so the recipient gets the whole amount (only in a branch or by phone), a correspondent bank fee of £12 (USA, Canada and non-EEA Europe) or £20 (rest of the world) replaces any intermediary (agent) bank charges. Receiving euros from the UK or EEA, or by SEPA Credit Transfer, is free; other incoming international payments cost £2 up to and including £100 and £7 over £100. Our guide to sending money abroad cheaply explains the exchange-rate costs to compare as well.