Take a look at our list of frequently asked questions for customers saving outside the UK.
No, however Lloyds Banking Group offers international banking services, including a range of savings products, to overseas customers through two subsidiaries - Lloyds Bank International Limited and Lloyds Bank (Gibraltar) Limited.
These companies are not required to be authorised under the Financial Services and Markets Act 2000 of the United Kingdom and therefore are not subject to the rules and regulations of the Financial Services Compensation Scheme made under that Act for the protection of depositors and investors.
These products and services are available in many countries but not all, due to legal or regulatory constraints, and are also subject to other eligibility criteria. For more information, visit Lloyds Bank International Banking.
People who reside abroad (including the Isle of Man and the Channel Islands) are regarded as non-UK residents.
No. Crown Employees, e.g. British Armed Forces and UK Public Officials posted abroad, are defined as living in the UK.
Whilst we value the relationships we’ve built, we’ve made a strategic decision to focus our attention and resources mainly in the UK and to reduce the number of countries in which we operate. Among the considerations for that strategic decision are the varied legal and regulatory requirements that apply in each overseas jurisdiction.
No. By changing to another product you’d be taking out a new savings account. We only offer new savings accounts to UK residents. Early closure of your fixed term account may result in loss of interest in line with the conditions of your account.
As this falls outside our policy for customers living outside the UK, we’ll close the account and return any balance to you by sterling cheque.
When your savings account matures you can renew your existing account however you may not change your product (including interest frequency), increase the amount (other than by interest accrued at maturity), and you may only retain the existing term, otherwise this is considered as taking out a new savings account.
Before your account matures you’ll receive a maturity notification letter which will outline your choices. Once you’ve made your decision, please contact us to provide your instructions by calling us on +44 (0) 113 242 2005 (Mon-Fri 8am-8pm, Sat 8am-6pm, Sun 9am-5pm – UK local time).
If you do not provide your maturity instructions your funds will be treated in line with your current savings account term and conditions.
No. By changing to another product you would be taking out a new savings account. We only offer new savings accounts to UK residents.
Yes. In line with any conditions that apply.
Deposits are not permitted to Fixed Term Deposits and ISAs but are permitted for all other savings accounts (including Junior ISAs). All deposits are subject to the account conditions.
Yes, if you have a variable cash ISA you can make transfers to another current or savings account held with us as long as that is allowed by the conditions of the account.
The impacts for children’s savings accounts are the same as for any other, with the exception of the Junior ISA account where an adult ISA may be opened when the child turns 18.
Living outside the UK affects the way you can use your savings account. If you’ve opened a new savings account, transferred any existing savings accounts/term deposits to a new savings account, or changed the existing term or amount invested (other than by interest accrued) of a fixed term deposit at maturity, your account will have been closed and any balance returned to you by sterling cheque. A confirmation letter will have been sent to your primary address. If you’ve not received the letter and need to get in touch, please call us.
Only new savings accounts will be closed.
You’ll continue to receive all correspondence (e.g. statements, notification letters, interest certificates, and cards), provided your overseas address is registered as your primary address with us.
If you need to update your details you can write to us, complete the online change of address form and post it to Halifax, PO Box 548, Leeds, LS1 1WU, call us on +44 (0) 113 242 2005 (Mon-Fri 8am-8pm, Sat 8am-6pm, Sun 9am-5pm – UK local time), or call into one of our branches if you’re back in the UK; we recommend you book an appointment.
You can call us if you have any further questions or would like to find out more about saving with us whilst overseas.