Manage your payments in a reliable and efficient manner

As a business, you’ll require different ways of paying suppliers and taking payment from your customers.

BACS Direct

Bacs Direct allows you to make payments cost-effectively and securely, without the use of paper vouchers, cash or cheques. You can pay your insurance premiums, subscriptions, salaries and wages, pensions, or interest payments by utilising the efficient Bacs Direct facility.

Find out moreabout BACS Direct payment

Telepay

If you are interested in understanding more about Telepay please speak to your relationship manager.

Bulk Payments Service

  • Determine the date of each payment yourself.
  • Set up payments from two to 30 business days in advance.
  • Industry standard Bacs payment cycle with credit and debit occurring on the same day (Day 3).
  • Stay in control of your payments via a full audit trail.
  • Potentially reduce your bank charges by using the Bulk Payments Service instead of cheques or bank giro credits.

Find out more about Bulk Payments Service

CHAPS

  • Fast, reliable and secure method of guaranteeing same business day payment of cleared funds in the UK.
  • Payment is made from one account to another on the same business day.
  • Funds are cleared on day of receipt.
  • Payments can be made for any amount, so there's no need to worry about cheque guarantee limits.
  • Money is received on the same business day, and can therefore be drawn against immediately.

Cut-off times for making a same-day payment:

CHAPS payment via Commercial Banking Online -
Bulk Files - 5.10pm
Single Payments - 5.25pm

CHAPS payment via Corporate Online or LloydsLink Online - 5.25pm
In branch – 4.25pm.

Find out more

Faster Payments

Faster Payments is a UK service that allows you to send and receive payments in hours, or even minutes, when you use Internet Banking or Phonebank.

If you have a Lloyds Bank personal account, find out more about how Faster Payments affects you. Charges for this service could apply, depending on the business account tariff that you choose.

Cut-off times for making a same-day payment:

Faster Payments via Telephone Banking – 10pm
Faster Payments via Internet Banking – 10pm
Faster Payments via LloydsLink and Corporate Online - 5:45pm

Find out moreabout Faster Payments

Card Terminals

  • Accept card payments online, face-to-face and over the phone.
  • No Lloyds Bank account required.
  • Foreign currency conversion for overseas customers.
  • Easily track payments with sophisticated online reporting tools.

Find out more

Enquire onlineabout Cardnet

Card terminals

Branch services

You can deposit or withdraw small volumes of cash from your current accounts at one of our branches via our Branch Counter or use the self service facilities through Deferred Checking, Depositpoint or Nightsafe.

Withdrawals must be secured under an Open Credit arrangement arranged via your Relationship Manager.

Bulk

Sometimes your business might need to withdraw or deposit a higher volumes of cash. This is especially true if you operate in a sector that uses a large amount of cash, such as retail, pubs and restaurants or schools.

The various schemes are designed to be convenient and secure for you and can even result in cost savings for your business.

Your relationship manager will be able to advise if you would benefit from one of the schemes.

Find out moreabout cash and cheque bulk schemes

Branch services

You can deposit small volumes of cheques into your current accounts at one of our branches via our Branch Counter or use the self service facilities through Deferred Checking, Depositpoint or Nightsafe.

Cheque encashments are available but must be secured under an Open Credit arrangement arranged via your Relationship Manager.

Cheque Clearing cycle

Sometimes your business might need to deposit a higher volumes of cheques. This is especially true if you operate in a sector that receives a large volumes, such as utility companies, local authorities, charities and schools.

The various schemes are designed to be convenient and secure for you and can even result in cost savings for your business.

Your relationship manager will be able to advise if you would benefit from one of the schemes.

Find out more

Bulk

Sometimes your business might need to deposit a higher volumes of cheques. This is especially true if you operate in a sector that receives a large volumes, such as utility companies, local authorities, charities and schools.

The various schemes are designed to be convenient and secure for you and can even result in cost savings for your business.

Your relationship manager will be able to advise if you would benefit from one of the schemes.

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Online Payment Control demo

As your business grows, it makes sense to have a straightforward method of managing online payments. Our Online Payment Control Service can give you greater control of your business' online payments, and your account limit will still apply.

Find out moreabout the Online Payment Control

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Merchant services: Cardnet®

Visit our dedicated website to find out more about Cardnet and the benefits it can offer your business.

Find out moreabout Cardnet Merchant services