Why businesses choose Lloyds

  • See why over 1 million UK businesses choose Lloyds for their business bank.
  • Explore additional options for your business growth like business savings and borrowing.

What you get when you bank with Lloyds

Accounts for organisations of any size

Find an account to suit your needs, whether you’re a start-up, limited company, charity or looking to switch.

Products and services to help you grow

Bank with Lloyds and get access to products and services to help you take the next step.

The UK’s biggest digital banking group

Bank while you’re on the move, using the business banking app or online banking.

Find the best business account for your organisation

A comparison table of the different Lloyds business accounts.

Account

Who can apply?

Account

New Business Account

Who can apply?

  • UK businesses with an annual turnover under £3 million.
  • Ideal for start-ups, established businesses, sole traders and limited companies.
  • Get a free debit card plus offers to save on LinkedIn Premium and Google Workspace.
  • Turnover over £3 million? See how we can help you

Account

Switch Business Account

Who can apply?

Account

Charity Account

Who can apply?

  • Organisations registered with the charity regulator for England and Wales, Scotland or Northern Ireland.
  • Organisations with excepted or exempt charity status in England and Wales.
  • Less than £250,000 paid in every 12 months.

Account

Community Account

Who can apply?

  • Not-for-profit organisations serving their local community such as clubs and associations, unregistered societies, school clubs and PTAs.
  • Less than £250,000 paid in 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).

Account

School Bank Account

Who can apply?

  • Academies, multi-academy trusts or state-funded schools.
  • 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.

Account

Client Accounts (Designated and Undesignated)

Who can apply?

  • Professional firms holding client funds, such as solicitors, accountants, insurance brokers, real estate/managing agents.

Account

Credit Union Account

Who can apply?

  • An approved credit union.
  • Use the account for business only.

More than just a business bank account

 

Go with the cash flow

Explore lending options, whether you’re planning for growth or looking for a safety net.1

  • Instant decision on borrowing across a Business Overdraft or Credit Card.
  • Business loans with options for fixed and variable rates. 
  • Plus Asset Finance and Commercial Mortgages to help fund bigger spends.
Explore more borrowing options

More bank for your money

Put your extra cash to work in a savings account - ideal if you have big plans for your next step.

See savings accounts

Business insurance

However your business works, stay protected with business insurance.

Choose the right price and cover from a panel of leading insurers - online and over the phone.

More on business insurance
 

Take payments in person, online and over the phone

Choose from a range of terminals, online gateways and business management solutions.

Find the right solution to suit your business and your customers.

Take card payments

Go with the cash flow

Explore lending options, whether you’re planning for growth or looking for a safety net.1

  • Instant decision on borrowing across a Business Overdraft or Credit Card.
  • Business loans with options for fixed and variable rates. 
  • Plus Asset Finance and Commercial Mortgages to help fund bigger spends.
Explore more borrowing options

More bank for your money

Put your extra cash to work in a savings account - ideal if you have big plans for your next step.

See savings accounts
 

Take payments in person, online and over the phone

Choose from a range of terminals, online gateways and business management solutions.

Find the right solution to suit your business and your customers.

Take card payments

Business insurance

However your business works, stay protected with business insurance.

Choose the right price and cover from a panel of leading insurers - online and over the phone.

More on business insurance


1Any lending decision is based on your financial information. No outcome is guaranteed. 

Backing businesses across the UK


Discover some of the ways we’re supporting business owners and entrepreneurs.

Disabled-owned businesses

Disabled-owned businesses

We back disabled business owners with practical resources and support. And we work with partners to help break down barriers in the finance sector.

Explore support

Black-owned businesses

Black-owned businesses

We offer dedicated support for Black entrepreneurs. Get tailored opportunities to help you start, manage and grow your business.

Discover opportunities

Women-owned businesses

Women-owned businesses

Find the expertise, resources, and products to help you achieve your business goals - from kick-starting your idea to achieving your biggest goals.

View resources

Mental health support

Mental health support

If a mental health condition is making it harder to manage your finances, find out what additional support is available.

Get help

Hear from real businesses we support

With Lloyds, we know our money is in safe hands, and we have someone who understands our business and is always ready to support us, it gives us confidence to keep moving forward.

Steve Athwall CEO/Founder, The Big Phone Store

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

Business current accounts overall service quality survey results: 1st Monzo 85%, 2nd Mettle 83%, 3rd Starling Bank 81%, 4th Handelsbanken 75%, 5th Tide 70%, equal 9th Lloyds Bank 59%

View the full set of results

The requirement to publish the Financial Conduct Authority Service Quality Information for business current accounts can be found here