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Business accounts
Apply for our Business Account online in minutes and get exclusive benefits.
- First account with us? No account fee for a year then £8.50 a month.
- Instant decision on up to £25,000 credit.1
Compare Lloyds business bank accounts
Find the best business account to suit your business or organisation. These are our most popular options.
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A comparison table of the different Lloyds business accounts. Account
Who can apply?
Where to next?
Account
Business Account
Who can apply?
- UK businesses with annual turnover under £3 million.
- Ideal for start-ups, established business, sole traders and limited companies.
- Turnover over £3 million? See how we can help you
Where to next?
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.
Where to next?
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).
Where to next?
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.
Where to next?
Account
Client Accounts (Designated and Undesignated)
Who can apply?
- Professional firms holding client funds, such as solicitors, accountants, insurance brokers, real estate/managing agents.
Where to next?
Account
Credit Union Account
Who can apply?
- An approved credit union.
- Use the account for business only.
Where to next?
Meet the Business Account that works as hard as you
For start-ups, established businesses, sole traders and limited companies.
Hear from real businesses we support
Steve Athwall CEO/Founder, The Big Phone StoreWith 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.
Choose us and get more than just a bank account
Backing businesses across the UK
Discover some of the ways we’re supporting business owners and entrepreneurs.
Disabled-owned businesses
Black-owned businesses
Women-owned businesses
Mental health support
Frequently asked questions
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A business bank account is required for limited companies in the UK. Having a business account makes it easier to manage your company’s finances, stay on top of tax, make payments and track expenses.
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Use our business account comparison table to find the best business account type for you.
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Sole traders or the director of a business trading from a UK address with an annual turnover below £25 million.
Anyone applying must also be:
- at least 18 years old
- a UK resident with a UK mobile phone number.
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You can apply for a Business Account online in minutes. Get an instant decision for most business types.
On-the-go? Download the app and apply from anywhere in the UK. Discover our mobile app
Or you can apply using the website. Apply online now
To open your business bank account, you’ll need a few documents to hand.
You’ll need:
- a way to take a live photo of your signature and one of yourself
- a form of ID such as your passport or UK driving license
- 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.
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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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Yes, you can easily switch your current business account to a Lloyds Bank business account using the Current Account Switching Service (CASS). Once you’ve given us your details, you can sit back and we’ll manage the rest for you. Find out more about switching bank accounts
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If you have an established business, there are various benefits to having a business bank account with Lloyds Bank.
- 24/7 online and mobile banking.
- First Business Account with us? Free for the first 12 months, then £8.50 a month.
- Free accounting tools.
- 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.
Estimate with our calculator how much your business account could cost a month after the first year.
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The Business Account comes with free accounting software to help you manage your finances. And, if you prefer, you can export your transaction data to most major accounting platforms.
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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, 666KB) and product terms and conditions.
Estimate with our calculator how much your business account could cost per month after the first year.
No credit interest is payable on this account.
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.
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In-branch cash and deposit machines, for notes and cheques. Limits and charges will apply. Find out more information on how to manage cash and cheques.
Other options:
- Withdraw cash, notes only, from any LINK ATM. Most don't charge a fee.
- Withdraw or deposit coins and notes at Post Offices or Banking Hubs. Limits and charges will apply.
- You can find out about your options on LINK's Cash Locator.
- Some locations charge a fee to make a withdrawal or deposit. If they do, it'll be clearly signed in store and on the machine. You'll be able to cancel the transaction if you don't want to pay the charge.
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You can find helpful guides and articles on our website. Get help managing your account, tips for online banking, cards and PINs, plus security and fraud support.
Independent service quality survey results
Business current accounts
Published August 2025
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