Change your business address
If you're a full access user, you can update your business, registered, mailing and personal addresses within Online for Business and the Business banking app.
Business bank account
Open a business bank account in June and get £200, no monthly fee, digital banking and 24/7 support
- Go from application to business account in 24 hours.1
- No monthly account fee for a year, then £8.50 per month.
From 10 July 2026, some of the fees for our Business Account are changing. Read the guide to changes for details.
The business account that's digital-first and simple to use
3 steps to lock in your £200 business account boost:
Apply between 1 June and 30 June, then by 30 September:
- Have your account opened.
- Spend £100 on your business debit card.
- Set up 2 direct debits.
Terms and conditions of the £200 offer
Your approvers are people listed as signatories on your account. You can find this information on your bank mandate. Your bank mandate is the set of instructions given to us when your business account is opened. Contact us on 0345 072 5555 if you have any queries.
Open a business bank account online or in the app
Set up your business account online or using the app.
Check you can apply for this business bank account
Frequently asked questions
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Anyone can apply for a business bank account as long as they are at least 18 years old, a UK resident with a UK mobile phone number, and they run a business from a UK address.
The Lloyds Business Account is for:
- small businesses, limited companies, start ups and sole traders
- businesses based in the UK with an annual turnover below £3 million
- business owners or directors who want to apply online and bank in the app
- businesses looking for clear costs, reliability and a bank account that grows with them
If your turnover is more than £3 million a year, switch to Lloyds using the Current Account Switching Service (CASS). Switch to Lloyds
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- a copy or photograph of your signature
- a UK driving licence or passport
- your 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.
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If you’re a director of a limited company, a limited company bank account is a legal must-have for trading in the UK. The Lloyds Business Account is ideal for businesses with a turnover under £3 million, and is available for limited companies, small businesses, start ups and sole traders.
If you run your own business as a sole trader, you don’t need a dedicated business bank account. But it’s a good idea to keep your business and personal finances separate. It can be more practical and help you stay on top of tax. Find out more about sole traders and tax
Not sure if you need a business bank account? Read the guide
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It takes around 20 minutes to complete a Lloyds Business Account application. You could go from application to account opening in just 24 hours.
In some cases, we may need extra information to open your business bank account - if this happens, it usually takes 7 days to set up your business current account.
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You can manage your Lloyds Business Account using online banking (Online for Business) or in the business banking app. Make payments, pay in cheques, share receipts, see upcoming and scheduled payments, get payment alerts and view digital statements.
This table compares business account features available on desktop and in the business banking app. Features
On desktop
In the app
Features
View your Business Account, credit cards, charge cards, loans and savings
On desktop
✔
In the app
✔
Features
View balances, transactions, and statements
On desktop
✔
In the app
✔
Features
Order a cheque book, credit book, debit card
On desktop
✔
In the app
✔
In chatFeatures
Add or remove account signatories
On desktop
✔
In the app
✔
Features
Rename accounts
On desktop
✔
In the app
Features
Stop a cheque
On desktop
✔
In the app
✔
In chatFeatures
View and print recent transactions
On desktop
✔
In the app
Features
Go paper-free with the Digital Inbox
On desktop
✔
In the app
✔
Features
Use our virtual assistant or chat to a live agent
On desktop
✔
In the app
✔
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You can open a business bank account before your limited company or sole trader business has started trading. Already using your personal account? Switch to a business bank account whenever you’re ready.
Download the app and apply from anywhere in the UK. On the Apple App Store and Google Play store.
Use the link below to get your download link sent to you by text.
Send me a download linkOr apply using the website. Apply online now
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If you’ve already started an online application, you can continue or check the status of your application at any time using the log on button in your welcome email, which you’ll get once you’ve provided your personal details.
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- 24/7 online and mobile banking.
- No monthly fee for the first 12 months, then £8.50 a month.
- Unlimited free debit cards.
- Make and receive international payments online or using the business banking app.
- Add business partners, employees or accountants and set their access levels (full, delegate or view-only).
- Payment alerts and digital statements.
- Business support and resources.
- Access to other business banking services including Business Overdrafts, other lending and savings.
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Find out more about our Business Account fees and charges.
Lloyds Business Bank Account fees and charges. Payment type
Charges
Payment type
Introductory offer
Charges
No monthly account fee for 12 months if it’s your first business account with us
Payment type
Monthly account fee
Charges
£8.50 after 12 months
Payment type
Electronic payments in2
Charges
Free
Payment type
Electronic payments out2
Charges
First 100 a month are free / £0.20 each after that
Payment type
Cash payments (in or out)
Charges
£0.85 for every £100 at an Immediate Deposit Machine / £1.50 for every £100 over the counter
Payment type
Cheques (in or out, any amount)
Charges
£0.85 at an Immediate Deposit Machine / £1 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
Free
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, 232KB) and product terms and conditions.
Estimate with our calculator how much your business account could cost per month after the first year.
£200 new business account offer – Terms and Conditions
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These Terms and Conditions explain how this offer works, including who can take part, and what you need to do to receive the payment.
In these terms and conditions “we”, “us” or “our” means Lloyds Bank plc.
1. About this offer
This offer is available to new business customers who apply online for a Business Account between 1 June and 30 June 2026, subject to the eligibility requirements below.
This offer is also available to customers who switch an existing current account held with another bank to us, using the Current Account Switching Service (CASS), once their new account with us is open.
The Business Account, and any transactions made on the account, will be subject to the terms and conditions for the account. Fees and charges may apply.
2. Who can take part
You can take part, if both of the following apply:
- You submit an online application for a new Business Account with us between 1 June 2026 and 30 June 2026. Saved or incomplete applications won’t be eligible.
- You do not already hold a Business Account with us or Bank of Scotland plc.
3. What you need to do to receive the £200
You’ll qualify for the £200 payment if, by 30 September 2026, we have opened your Business Account and:
- You spend at least £100 using your Visa debit card on eligible purchases.
- You set up two direct debits from your new account.
Make sure there’s enough money in your account, or that you have an authorised overdraft in place (if available on your account) before you spend on your debit card or your direct debits are taken. If you don’t, your account may go into an unauthorised overdraft, and you may be charged fees and interest as set out in your account terms and conditions.
Eligible debit card spending
Debit card spending means purchases of goods or services using your Visa debit card.
Excluded transactions
The following do not count towards the £100 spend requirement:
- Cash withdrawals
- Bank transfers made with or without your debit card
- Debt repayments
- Direct debits and standing orders
- Transactions classified as gambling
- Financial services transactions (money transmission orders, purchases of foreign currency or travellers’ cheques and purchases of financial services such as insurance or investments.)
- Cryptocurrency transactions
- Refunds and chargebacks
- Bank charges, fees, interest, and any other non-purchase transactions
- Fraudulent transactions
Direct Debits
Direct debits must be set up with the organisations you’re paying.
If you’re switching to us using the Current Account Switch Service (CASS), any active direct debits moved to your new account as part of the switch will count towards the requirement to set up two direct debits from your account.
4. What do we mean by ‘opening your Account’?
Your Business Account is opened on the date we send you your sort code and account number. This will be after you applied online.
5. When we'll pay you
If you meet the eligibility requirements above, we’ll pay £200 into your new Business Account by the end of October 2026. We’ll email you before we make the payment to let you know when to expect it.
Your Business Account must be open and able to receive payments at the time we try to make the payment.
We can’t pay the £200 into any other account or by cash or cheque.
The £200 payment is made gross, and you’re responsible for paying any tax due on the payment you receive.
We won’t contact you if your Business Account doesn’t meet the offer requirements.
6. Other important information
- Only one £200 payment is available per customer. If you open more than one account with us, including accounts with Lloyds Bank or Bank of Scotland, we’ll only check the first account you open to see if it meets the offer requirements.
- Only Business Accounts are eligible for this offer. Charity and Community Accounts, and accounts that can’t be opened online (such as School Accounts), are not eligible for the incentive.
- Existing customers already holding a Business Account are not eligible for this offer.
- This offer isn’t transferable, and we may change, pause or withdraw it at any time. If you’ve already opened your Business Account when we make a change, or pause or withdraw the offer, it won’t affect you, as long as you meet the offer requirements.
- We won’t cover any fees or interest you incur if your account goes into an unauthorised overdraft as a result of making payments using your Visa debit card or direct debits.
- The £200 payment cannot be exchanged for any other benefits.
- Our decision on eligibility and payment is final.
The business account offering more than just the basics
Find the right business bank account for your business
Protecting your money
The Financial Services Compensation Scheme (FSCS) protects up to £120,000 of the eligible money you hold with us.
Independent service quality survey results
Business current accounts
Published February 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