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 accounts
Apply for a business bank account online in minutes. Designed for businesses with a turnover under £3 million.
- Free business bank account for the first year, then £8.50 account fee each month.
- App-based business bank account with 24/7 digital support.
The business bank account trusted by 1 million UK businesses
One Business Account. The whole bank behind you.
How to open a business bank account
Who can apply for a Lloyds Business Account?
Get more than just a bank account
Frequently asked questions
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A business bank account is an account you can use to manage your business income and expenses separately from your personal finances. It’s designed for day-to-day business banking such as receiving payments, paying suppliers and managing cashflow.
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This Business Account is for:
- small businesses 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
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.
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It usually takes around 20 minutes to complete a Lloyds Business Account application. We’ll open your Business Account within 4 to 8 business days, depending on if we need more information from you.
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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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To open your business bank account, you’ll need a few documents to hand.
You’ll need:
- a copy or photograph of your signature
- a UK driving licence or passport
- 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 your application. Please allow four days from the date of your Companies House registration before applying to open a business bank account.
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.
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