Moving your account to us takes just seven working days. We offer a simple and reliable service with a dedicated team who will manage the switching process. Our aim is to give you products and services that match the growth ambitions of your business.
You can choose between two ways to switch your account to us: the Current Account Switch Service or the Transfer of Payment Arrangement Service. More details of both are outlined below.
If anything goes wrong with the switch, as soon as we are told we will refund any interest or charges you have incurred on your old or new account as a result of a delay caused by us. This does not cover changes or interest resulting from required tasks you or your old bank do not complete.
When you switch, you’ll have the choice of whichever Monthly PricePlan is most suitable for your business. When your free banking period ends, you’ll automatically be placed on your chosen Monthly PricePlan, which gives you a set number of transactions each month for a fixed fee. You will also have the option of moving to one of our alternative tariffs if you think they are more appropriate for your business.
To apply for a Business Account for Switchers, you should:
Make sure you understand the small print.
We're committed to helping British businesses grow and develop by giving them the support they need – our Business Charter will tell you more.
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*Free business banking includes cheques, standing orders, cash, UK Sterling direct debits, deposits and withdrawals. All we ask is that you operate your account in credit or within agreed limits and don’t go overdrawn without agreeing it with us first.
Lloyds Bank plc is covered by the Financial Services Compensation Scheme and the Financial Ombudsman Service. (Please note that due to the schemes’ eligibility criteria not all Lloyds Bank business customers will be covered by these schemes).
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.
Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 020 7626 1500.
Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.