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Credit Union Account

We offer a package of banking services specifically for community credit unions.

Free day-to-day banking*

If you’re eligible for an account, you won’t pay a monthly fee*.

Instant access to funds

As long as cleared funds are available.

Easy to manage account

Simple withdrawals, Direct Debits or standing orders.

Am I eligible?

To apply for a Credit Union Account, you will:

  • Be an approved credit union
  • Use the account for business only

Please see our Terms and Conditions for other important information.

Switching to us is easy

The Current Account Switch Service makes switching current accounts from one UK bank or building society to another simple, reliable and stress-free. It is available to consumers, businesses, charities and trusts, and allows you to choose a switch date that suits you.

Current Account Switch Guarantee (PDF, 65KB)

Current Account Switch Guide (PDF, 71KB)

A note about rates and charges

We won’t charge you a monthly fee to use your Credit Union Account. But you might have to pay for some specific services.  

Terms and Conditions

Other products you might be interested in

Accounting software – Business Finance Assistant

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Business Finance Assistant is free for Lloyds Bank business account holders

Connect Business Finance Assistant to your business accounts to predict cash flow, submit digital VAT returns and much more.

Business Finance Assistant

Taking card payments

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From card readers to online payments

We can help you accept card payments online, over the phone or face to face, no matter the size of your business.

Lloyds Bank Cardnet®

Further resources

Protecting your money, fscs protected

Financial Services Compensation Scheme

Eligible deposits with Lloyds Bank plc are protected up to a total of £85,000. Due to eligibility criteria, not all business customers will be covered.

More about the FSCS

Other useful links

Financial Inclusion and Education

Credit Union Foundation

*We do not charge for day-to-day banking on our Credit Union Account, however charges for CHAPS, International Payments and other service charges apply. Free day-to-day banking applies if you continue to meet our eligibility criteria, which means you must be a registered Credit Union. Information on other service charges that apply can be found in the relevant charges brochure.