-

LLOYDS BANK DIRECT INVESTMENTSShare Dealing Account

Open a Share Dealing Account online and you could be trading UK and international shares within minutes

Features and benefits

  • Buy and sell UK and international shares and choose from over 3,000 funds to invest in online or over the phone.
  • You choose the investments you want in your portfolio and manage your account online. You can build a portfolio quickly and easily with the help of our online tools.
  • Start investing online from £11 per deal, or benefit from our frequent trader rate of £8 if you trade online 8 or more times per quarter.
  • Reinvest share sale proceeds immediately, or withdraw the funds to your bank account within two days.
  • Use our Research Centre to get up-to-date company news and market information. You can also monitor your investments anytime and create charts and performance comparison tables.
  • If you open a Share Dealing ISA in addition to your Share Dealing Account we will waive the £40 per year administration charge for the Share Dealing Account.

Keep in mind

  • The value of your investments, and the income you get from them, can go down as well as up. When you trade shares there is a chance you will get back less than you originally invested.
  • We don’t provide advice as part of the share dealing service. If you are in any doubt about making your own investment decisions it’s best to get advice from a qualified financial adviser.
  • We charge an administration charge on the Share Dealing Account of £20 every six months. Dealing commission also applies for each trade that you make.

Open a Share Dealing Account and you can start trading shares within minutes. This account will suit you if you want to deal day-to-day, without the hassle of paperwork. We hold your shares electronically and take care of all the administration, giving you more time to research the investments that interest you.

If you have not already used up your ISA allowance, or invested in another Stocks and Shares ISA this tax year, you might want to consider opening a Share Dealing ISA with us. This is similar to opening a Share Dealing Account, except that you will not be taxed on any money you make on your investments - as long as the amount you invest is within the annual ISA allowance of £15,240.

View our Share Dealing ISA

Before you invest for the first time it is important to understand the basics. We’ve put together a guide to investments that we hope will clarify some of the broader benefits and risks.

Read our guideon the basics of investing.

We can’t give advice on specific trades, but our investment tools will help you research the investments that interest you. You can:

  • monitor your investments anytime
  • create your own charts and performance comparison tables
  • get up-to-date company and market information
  • read the latest news and views on the economy and markets.

Visit lloydsbankmarketwatch.co.uk

You can choose from over 3,000 funds that invest across asset classes, geographical regions and sectors.

You can:

  • access a wide range of funds through your Share Dealing Account
  • enjoy low initial charges of only 0.5% with most fund managers
  • search by asset class, geographical region or sector

Find out moreabout the Funds supermarket

Our share dealing guides cover a variety of topics, from the basics of investing to information on investment risk and financial planning.

New to share dealing

Understanding risk

Investment products explained

Jargon buster

Whether you want to make a substantial investment in one go or invest a little every month, you can add money to your Share Dealing Account in one of three ways:

  1. Debit card: Make immediate payments with your debit card. Just go to the Fund and Withdraw section of Account Management when you log on to Online Share Dealing. Or you call us on 0345 606 0560Call telephone number 0345 606 0560, 8am–9pm Monday–Friday, 9am - 1pm Saturday. If you need to call us from abroad, or prefer not to use the 0345 number, you can call us on +44 (0) 113 279 7518Call telephone number +44 (0) 113 279 7518.
  2. Bank transfer: Make one-off bank transfers from your nominated bank account from our payments screen.
  3. Direct Debit: If you want to add money to your Share Dealing account every month, perhaps as part of a regular investments plan, you can set up a Direct Debit.

    Direct Debit Instruction form (PDF, 29 kB)Opens in a new browser window

    Once you have completed the form please send to the following address:

    Lloyds Bank Direct Investments
    Lovell Park Road
    Leeds
    LS1 1NS

If you want to transfer your existing share holdings to us, you can either transfer your existing share certificates, or transfer your shares from another broker. Here is how to do it:

Transfer your existing share certificates

Once you’ve opened a Share Dealing Account, you will need to:

  1. Complete and sign the following forms. Please note that you’ll need to complete a CREST transfer form for each share certificate you wish to transfer.

    Transfer form A (PDF, 88 kB)Opens in a new browser window
    CREST transfer form (PDF, 39 kB) Opens in a new browser window
  2. Send the completed forms and your share certificate(s) to us at: The Stock Administration Department, Lloyds Bank Direct Investments, Lovell Park Road, Leeds, LS1 1NS.

Transferring shares from another broker

Once you’ve opened a Share Dealing Account, you will need to:

  1. Open a Lloyds Bank Share Dealing Account
  2. Log on and complete our online transfer form, then just print it, sign and post it to the address on the transfer form and we will get in touch with your existing broker to start the transfer.

    If you don’t have access to a printer we can post your transfer form to you, just click ‘please post my form to me’ once you’ve completed the form.
Here are few things to keep in mind before you transfer your shares holdings to us:
  • You will be unable to trade any stocks while they are being deposited into your account. I’m afraid we can’t accept liability for any trading opportunities you might miss during the transfer.
  • We will do our best to make sure that every transfer is completed as quickly as possible. However, the timescale is largely dependent on your existing broker and the registrars of each stock held. Typically it takes around 2 – 3 weeks to transfer UK shares and 6 - 8 weeks for funds or international shares.
  • Your existing broker may charge you a transfer fee.

Dealing costs

We charge a dealing commission every time you buy or sell shares, whether on the phone or online.

  • If you trade stocks online we charge £11 per deal, or £8 if you trade 8 or more times every quarter.
  • If you trade funds online we charge £1.50 per deal.
  • If you trade stocks or funds on the phone we charge £35 per deal.

Administration charges

We charge you £20 every six months to cover the cost of administering your Share Dealing Account. However, if you also have a Share Dealing ISA, we'll waive the administration charge for your Share Dealing Account.

How we collect the charges

We’ll normally collect charges from any cash held in your account. If there's not enough money in your Lloyds Bank Share Dealing account, we'll collect this from your nominated bank account.

For full details of our rates and charges and more details on how our frequent trader discount works, visit our rates and charges page.

Rates and charges

If you are a Premier or Private Banking customer you can benefit from our reduced dealing commission rates for trades online or by phone, and a reduced account administration charge.

  • If you trade stocks online we charge £10 per deal, or £8 if you trade 8 or more times every quarter.
  • If you trade funds online we charge £1.50 per deal.
  • If you trade stocks or funds on the phone we charge £25 per deal.

We charge you £10 every six months to cover the cost of administering your Share Dealing Account. However, if you also have a Share Dealing ISA we’ll waive the administration charge for your Share Dealing Account.

In order to receive the discounted rate, you will need to enter a promotional code which will be provided with your Premier Account Welcome Pack or by your Private Banking Relationship Manager.

Premier and Private Banking customer rates and charges

You can apply for a Share Dealing Account if:

  • you’re aged 18 or older
  • you’re a resident in the UK

Apply online and you could be trading within minutesApply now

If you are not comfortable choosing from such a wide range of investments, you can invest instead in one of our three managed funds.

View our e-Investment range

Useful phone numbers

0345 606 0560Call telephone number 0345 606 0560
Mon-Fri 8am–9:15pm, Sat 9am–1pm

If you need to call us from abroad, or prefer not to use the 0345 number, you can call us on +44 (0) 113 279 7518Call telephone number +44 (0) 113 279 7518.

Important legal information

The Lloyds Bank Direct Investments Service is operated by Halifax Share Dealing Limited. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Registered in England and Wales no. 3195646. Halifax Share Dealing Limited is authorised and regulated by the Financial Conduct Authority, 25 The North Colonnade, Canary Wharf, London, E14 5HS under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

Important share dealing information