Isomatic UK Weblog

Peter Burton's daily log, covering Peter's personal interests, e.g. jazz, travel and general grumpiness plus (occasionally) the business of Isomatic and its associate companies.

Thursday, March 09, 2006

Grumpy old man; Lloyds TSB again

Over the last three days I went through the process of changing a substantial sum from Euros into Pounds. To get a better exchange rate and lower commission I am using Travelex for the first time. There is still the problem of transferring the Euros from Lloyds TSB to Travelex. Lloyds is a High Street bank aimed primarily at personal customers or small shopkeepers. It only allows Internet transfers in Sterling and has no plans to extend this to $US and Euros so it has no interest in international businesses like ours. I had to complete a form by hand, take it to a Lloyds branch (where they photocopied my driving licence for 'security') and they will charge 40 pounds just to move money to another UK bank. This a 'rip-off'.

posted by Peter # 07:52

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