Card readers
Accept card payments with our wide range of face-to-face solutions.
Business bank accounts
Grow your business idea with our business accounts and free accounting software.
Apply now
Business bank accounts you can trust
We’ve been by the side of British businesses for over 250 years. Today, we help more than a million1 people take care of their business finances. So when you open an account with us, you know you’re in safe hands.
Why open a business bank account with us?
Our business banking app
Log on at a time that suits you using your secure logon details. For extra security, use fingerprint and Face ID on compatible devices.
- Make payments of up to £250,000 per day
- Pay in cheques up to a daily limit of £10,000
- Check balances and transaction details
Simple ongoing fees and transaction charges
|
Payment type |
|
|---|---|
Payment typeIntroductory offer |
No monthly account fee for 12 months |
Payment typeMonthly account fee |
£8.50 after 12 months |
Payment typeElectronic payments in2 |
Free |
Payment typeElectronic payments out2 |
First 100 a month are free / £0.20 each after that |
Payment typeCash payments (in or out) |
£0.85 for every £100 at an Immediate Deposit Machine / £1.50 for every £100 over the counter |
Payment typeCheques (in or out, any amount) |
£0.85 at an Immediate Deposit Machine / £1 over the counter |
Payment typeCredit paid in at branch or ATM |
£0.85 |
Payment typeCredit paid in at an Immediate Deposit Machine, Automated Deposit Machine, through the app |
Free |
Payment typeBACS |
File submission: £5.50 BACS Item: £0.15 (a set up fee may apply) |
Payment typeCHAPS |
£30 |
Payment typeSending and receiving money abroad |
|
Payment typeBalances below £0 (going overdrawn) |
|
Payment typeOther account services |
See the full account rates and charges (PDF, 666KB) and product terms and conditions.
Estimate with our calculator how much your business account could cost per month after the first year.
Borrow up to £5,000 for your new business**
You could apply for up to £5,000 across a Business Overdraft or Business Credit Card, giving you financial flexibility when you need it. This could help you get your business off the ground, build your credit rating and cover any unexpected costs.
**Apply online once your new business account is set up and you’ll get an instant decision. Eligibility for lending will be assessed as part of a separate application, and there is no guarantee of lending being granted. All lending is subject to status.
Growing almost as fast as seaweed
Right now, good things are happening at Notpla as digital business banking helps them grow almost as fast as the seaweed they use to make their packaging.
Winner
Best Service from a Business Bank
Moneyfacts Business Awards 2022
Highly Commended
Business Start-Up Bank of the Year
Moneyfacts Business Awards 2022
Winner
Business Bank of the Year
FD's Excellence Awards 2005 - 2021
Bank accounts for other types of businesses
If you don’t meet the criteria for a small business account, a different business account may be better suited.
Business account cards
Frequently asked questions
-
To set up your business account, you’ll need:
- a copy or photograph of your signature
- A UK driving licence or passport (Proving your identity)
- the name, date of birth and three-year personal address history (including month and year of moving dates), mobile number and email address for everyone connected to the account.
- your business name, address, details of your activities and estimated annual turnover
- For limited company accounts, Companies House must be up to date before we can progress an application. Please allow three days from the date of Companies House registration before applying online or over the phone.
-
If you run a small business, there are various benefits to having a business bank account with Lloyds Bank:
- Separate business from personal transactions to make business accounting easier.
- Access expert resources and support to grow your business skills.
- Manage your accounts using online business banking.
-
Using a business bank account to run your small business rather than your personal account can help you:
- Control business incomings and outgoings, including card payments.
- Organise finances for tax returns.
- Build a stronger business credit history.
With a Lloyds Bank business account, you can also access our other services to help manage your cashflow and grow your business.
-
Can I return to my application to continue or check the status of my application? expandable section
If you’ve already started an online application for a small business or start-up account, you can continue or check the status of your application at any time using the log on button on your welcome email.
You may also be interested in
Taking card payments
From card readers to online payments.
We can help you accept card payments online, over the phone or face to face, no matter the size of your business.
Do I need a business bank account?
Limited companies need to open a business bank account for their new business but there are advantages for sole traders too who want to separate their personal and business finances.
Financial Services Compensation Scheme
Eligible deposits with Lloyds Bank plc are protected up to a total of £85,000. Due to eligibility criteria, not all business customers will be covered.
1 Lloyds Banking Group PLC – 2022 Annual Report
2Electronic payments include:
- Direct Debits
- Standing Orders
- Faster Payments Debits
- Internet/Phonebank Debits
- Internet Bulk Payments.
**Apply online once your new Business Account is set up and you’ll get an instant decision. Eligibility for lending will be assessed as part of a separate application, and there is no guarantee of lending being granted. All lending is subject to status.
Independent service quality survey results
Business current accounts
Published August 2024
As part of a regulatory requirement, an independent survey was conducted to ask approximately 1,200 customers of each of the 16 largest business current account providers if they would recommend their provider to other small and medium-sized enterprises (SMEs*). The results represent the view of customers who took part in the survey.
Overall service quality
We asked customers how likely they would be to recommend their business current account provider to other SMEs.
*SMEs include businesses, clubs, charities and societies with an annual turnover/income of up to £25m (exclusive of VAT and other turnover-related taxes).
Ranking
The requirement to publish the Financial Conduct Authority Service Quality Information for business current accounts can be found here
Important Legal Information
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.
The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.
Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.