Hi,
I am the sole director of a small limited company specialising in illustrations and designs. I do a lot of commissions for international customers - mainly in the US.
I have a Lloyds Bank business current account and feel pretty horrified by the lack of transparency in the way money paid from the US, is converted to GBP with absolutely no information regarding the exchange rate used for that transaction, or confirmation of the additional margin/percentage used by Lloyds to make a profit. In addition, there are set fees for all international payments and another complication is that other correspondent/intermediary banks may be involved which adds yet another layer of obfuscation.