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Accounts for businesses and organisations
New business customer? Unlock our most rewarding offer.
- Get a £200 boost, a free 6-month Xero subscription and a £200 Amazon gift card. Offer ends 15 October.*
- No account fee for a year, then £10 a month.
Something for every business need
Whatever stage your business is at, Lloyds is here to help you grow. Discover what we offer businesses, big and small.
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A comparison table of the different Lloyds business accounts. Your organisation
Which account is right for me?
Where to next?
Your organisation
New and established businesses
Which account is right for me?
- Designed for UK businesses with an annual turnover under £3 million.
- Ideal for start-ups, established businesses, sole traders and limited companies.
- Turnover over £3 million? See how we can help you
Where to next?
Your organisation
Sole traders
Which account is right for me?
- Get a bank account designed to support self-employed businesses with an annual turnover under £3 million.
- Free software if your business comes under HMRC’s Making Tax Digital rules.
Where to next?
Your organisation
Switching to Lloyds
Which account is right for me?
- UK businesses with an annual turnover under £3 million can switch their banking to an account with Lloyds.
- It’s simple and secure to switch with the Current Account Switching Service.
- Turnover over £3 million? See how we can help you switch
Where to next?
Your organisation
Charity
Which account is right for me?
- The Charity Account is designed for organisations registered with the charity regulator for England and Wales, Scotland or Northern Ireland.
- Also available to organisations with excepted or exempt charity status in England and Wales.
- Pay in less than £250,000 every 12 months.
Where to next?
Your organisation
Community organisation
Which account is right for me?
- The Community Account is designed for not-for-profit organisations serving their local community such as clubs and associations, unregistered societies, school clubs and PTAs.
- Pay in less than £250,000 every 12 months.
- Not suitable if your organisation pays out surplus money as dividends or profits.
- Not suitable if your organisation is structured and run for the personal benefit of members.
- Not available to co-operatives, property management companies and residents’ management companies (or equivalent).
Where to next?
Your organisation
School
Which account is right for me?
- The School Bank Account is ideal for academies, multi-academy trusts or state-funded schools.
- The account must be used for core school activities such as payroll and receiving state funding.
- Not suitable for independent schools that are registered with Companies House.
Where to next?
Your organisation
Professional firm
Which account is right for me?
- We have accounts designed for use by professional firms holding client funds.
- Ideal for businesses such as as solicitors, accountants, insurance brokers, real estate or managing agents.
- Select a Designated or Undesignated account, depending on your business needs.
Where to next?
Your organisation
Credit union
Which account is right for me?
- We offer a Credit Union Account for approved credit unions.
- The account must be used for business only.
Where to next?
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Why 1 million UK businesses choose Lloyds
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Check the application criteria for businesses
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Lloyds Business Bank Account fees and charges. Payment type
Charges
Payment type
Monthly account fee
Charges
Free for the first 12 months, then £10 a month.
This introductory offer on the monthly account fee is only available for first-time Lloyds Business Accounts.Payment type
Electronic payments in2
Charges
Included at no extra cost
Payment type
Electronic payments out2
Charges
Included at no extra cost
Payment type
Cash payments (in or out)
Charges
£0.85 for every £100 at an Immediate Deposit Machine / £1.60 for every £100 over the counter
Payment type
Cheques (in or out, any amount)
Charges
£0.85 at an Immediate Deposit Machine or through the app / £1.20 over the counter
Payment type
Credit paid in at branch or ATM
Charges
£0.85
Payment type
Credit paid in at an Immediate Deposit Machine, Automated Deposit Machine, through the app
Charges
No fee
Payment type
BACS
Charges
File submission: £5.50
BACS Item: £0.15 (a set up fee may apply)
Payment type
CHAPS
Charges
£30
Payment type
Sending and receiving money abroad
Charges
Payment type
Balances below £0 (going overdrawn)
Charges
Payment type
Other account services
Charges
No credit interest is payable on this account.
See the full account rates and charges (PDF, 222KB) and product terms and conditions.
Estimate with our calculator how much your business account could cost per month after the first year.
Get more than just the basics with Lloyds
Independent service quality survey results
Business current accounts
Published August 2026
As part of a regulatory requirement, an independent survey was conducted to ask approximately 1,200 customers of each of the 17 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