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.

Key features and benefits

  • Free day-to-day business banking¹
  • Monthly statements on all your accounts
  • View and manage transactions and balances with ease using online banking 
  • Cash deposits credited on the same day with immediate access to all cleared funds
  • Cheque and paying-in books available with one or more signatories

Is my business eligible?

To apply for a Credit Union Account, you must:

  • Be an approved credit union
  • Require the account for business use

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.

Opening a new Credit Union Account

Annual Turnover below £3m

To open a new Credit Union account please call

0800 056 0056

Lines are open Monday to Friday – 7 am to 8pm and Saturday – 9am to 2pm except on UK bank holidays.

Annual Turnover above £3m

To open a new Credit Union account please call

0345 072 5555

Lines are open Monday to Friday – 7 am to 8pm and Saturday – 9am to 2pm except on UK bank holidays.

Switching a Credit Union Account

Annual turnover below £3m

We’ve taken the difficult decision to temporarily stop accepting Credit Union account applications from customers looking to switch their banking to us.

This is undoubtedly going to cause a level of inconvenience, but please be reassured that we’ll reinstate the ability to accept new account applications for switching at the earliest opportunity. Thank you for your understanding at this time.

Annual turnover above £3m

To switch a Credit Union Account please call 0345 072 5555. Lines are open Monday to Friday - 7am to 8pm and Saturday -  9am to 2pm except on UK bank holidays.

FSCS logo

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.