Credit Union Account
Specifically designed banking services for credit unions who play an important part in local communities, providing a springboard for people to move into mainstream banking.
For clients with an annual turnover below £3m. We are currently receiving a high number of Business Current Account applications, so it may take us longer than usual to open your account. After we receive all required information, your account should be open within 4 weeks.
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We do not charge a monthly account fee or for Day to Day Business Banking on this Account. We charge you for specific payment services. Additional service rates and charges can be found in the brochures below;
Additional Account Service Charges and Processing Times (PDF)
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Financial Services Compensation Scheme
Due to FSCS eligibility criteria not all business customers will be covered.
¹Free day-to-day business banking includes cheques, standing orders, cash, UK Sterling direct debits, free electronic payments, deposits and withdrawals. All we ask is that you operate your account in credit or within agreed limits.
Important legal information
Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278. Telephone: 020 7626 1500
Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.