Account charging period
The monthly charging period runs from the 9th of one month to the close of business on the 8th of the next month.
Everyday transactions on your Mayfair account are free of charges providing your account remains in credit. If we increase any charges or introduce a new charge, we will tell you personally at least 30 days before the change takes effect. We review our charges from time to time.
Mayfair Banking Relationship Fee
This fee is for your banking relationship with Lloyds TSB Private Banking Limited, under its Mayfair Banking Service. It entitles you to a dedicated Private Banking Manager and access, subject to status, to a range of banking products. Your Private Banking Manager will facilitate your day to day banking activities and aim to provide solutions to your banking issues, for which additional charges may be applicable.
Any associated Mayfair bank accounts deriving from your relationship, such as joint accounts, accounts for a partner or spouse and any other account(s), as agreed with your Private Banking Manager are covered under the one fee.
The fee will be collected automatically from an account as agreed with your Private Banking Manager and will be debited monthly in advance by Direct Debit or yearly/half-yearly in advance by Standing Order.
Overdraft and other borrowing
We will advise you in writing and obtain your confirmation to all agreed borrowing facilities. This will cover the interest rate, how it is charged and what fees, if any, are payable. Changes in interest rates are advised through personal notification in writing and displaying a notice in the Mayfair banking office. For details of interest rates that apply when you borrow from us, please contact your Private Banking Manager.
If there is not enough money in your account to make a payment such as a direct debit, cheque or standing order we make a charge each time this happens. We recommend you discuss and agree your requirements in advance to avoid this charge and any unauthorised interest rates being applied.
Arrangement fees will be payable in some circumstances and agreed at the time of the advance.
We will always notify you personally at least 14 days in advance to tell you about any interest and charges you need to pay. We will also tell you on what date we will take the money from your current account.
Occasional administration fees
We’ll be happy to respond to the vast majority of your general banking requests and instructions at no extra cost. But if we need to spend a significant amount of time on a particular task for you, we may have to charge an administration fee.
We will discuss it with you in advance, and we will not go ahead without your specific prior agreement.
Most banking services are exempt from VAT at present. If this should change, we reserve the right to add VAT to these charges.
Back to topMayfair Banking Relationship fee | £480 p.a. |
|---|---|
(not payable by clients who also subscribe to the Mayfair Asset Management Service) | (or £40 per month) |
Using your Lloyds TSB Private Banking debit card to buy foreign currency or travellers cheques | Charge |
|---|---|
From any Lloyds TSB branch | No handling charge or commission |
From any other banks, travel agents, Bureau de Change and other outlets displaying the VISA sign | 1.5 % of the amount. Minimum transaction charge of £2, maximum transaction charge £4.50 |
Foreign currency transactions using your Lloyds TSB Private Banking Debit card | Charge |
|---|---|
Cash withdrawals and purchases abroad | 2.99% foreign exchange administration fee. In addition, we convert the amount to sterling the day the money leaves your account using the exchange rate set by Visa. |
Cash withdrawals are also subject to: | 1.5% of the amount withdrawn. Minimum transaction charge £2.00, Maximum transaction charge £4.50 |
International Payments | Charge |
|---|---|
Express International Moneymover | Under £10,000: £20*, £10,000 plus: £30*. |
Euro Moneymover | Under £10,000: £20*, £10,000 plus: £30*. |
Economy International Moneymover | £10* |
International Draft | £15** |
Currency Cheques and Dividends for negotiation/collection | Up to £100: £5; Over £100: 0.25%; Minimum £15, maximum £80. (intermediary bank charges will be applied) |
* It may also be necessary to pay a foreign bank charge. This will vary depending on the country of payment destination.
** There will be a £20 charge for a cancellation or re-issue of an international draft. Refund conversions will be made using our buying rate of exchange on the day we receive the funds. This rate will vary, you may receive back less than the original value of the funds.
Cash withdrawals using your Lloyds TSB Private Banking debit card in the UK and abroad | Charge |
|---|---|
Cash withdrawals from a Lloyds TSB Cashpoint® machine | Free of charge |
Cash withdrawals from a LINK machine. All LINK cash machines will give you an advance on-screen warning about any charge that may apply. This warning will tell you who’s making the charge. You can then continue or cancel the transaction. | We do not charge for this but the owner of the machine may |
Cash withdrawals - From a non-LINK machine in the UK or ATMs worldwide displaying the Visa sign - Over the counter at a bank or other outlet displaying the Visa sign | 1.5% of the amount withdrawn. Minimum transaction charge £2.00, maximum transaction charge £4.50. |
Mini statements from Lloyds TSB Cashpoint® machines | Free of charge |
Requesting a receipt | Free of charge |
Cashpoint® is a registered trademark of Lloyds TSB Bank plc.
Correspondence | Charge |
|---|---|
Retained mail | £90 p.a. |
Audit letters | £30 per half hour, minimum £60 |
Safe custody service | Charge |
|---|---|
Envelopes | £25 p.a. |
Small parcels/deed boxes | £25 p.a. |
Medium-sized boxes | £50 p.a. |
Large boxes/suitcases (by arrangement) | £75 p.a. |
Inspection/withdrawal | Free |
We may make an administrative charge for excessive requests such as duplicate statements and requests other than those outlined above.
Important Information
Lending is subject to assessment of your circumstances. You must be 18 or over to apply. Overdraft facilities are repayable in full on demand by the Bank.
We may monitor or record phone calls with you in case we need to check we have carried out your instructions correctly and to help improve our quality service.
Lloyds TSB Private Banking Limited is authorised and regulated by the Financial Services Authority and a signatory to the Banking Codes. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2019697.
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