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A business bank account that supports your everyday needs and long-term growth.
“Our Business Banking Manager at Lloyds Bank completely understands the reactive nature of our business and that we have to be able to meet the demands of our customers quickly and effectively. With the Bank’s support over the last decade, we’ve been able to adapt and expand to become the business we are today.”
Ryan Acres, PrintClever
Our business banking app and online banking use the latest technology and comply to the highest standards of security and fraud protection. So the businesses that bank with us never have to compromise on security for convenience.
The cost of a larger business bank account can vary based on which tariff you choose. Check out our rates and charges for more detail.
Explore which tariff works best for your business with our tariff comparison table.
Use our tariff calculator to find out how much your business account could cost.
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)
The best business bank account for you will depend on the nature and size of your business.
We offer various accounts to suit different needs, including accounts for:
If you’re looking to open a business account in the UK, you’ll need to be one of the following:
To set up a business bank account with us, you’ll need:
You’ll also need to tell us if you already have a business account with us.
It will usually take up to six weeks to open your business bank account. If you’re new to Lloyds Bank, we’ll aim to get in touch within 24 hours of you submitting your application. We’ll aim to process your enquiry as quickly as possible. If you switch your existing business bank account to us using the Current Account Switch Service, you are guaranteed to switch within seven working days of us opening your business account.
Pledged Accounts can apply to any lending structure in any sector where the 3rd party takes security in the form of a charge against a named account held with Us, requiring you to request that We waive Our right of set off on the balances and recognise the 3rd party’s claim should you default on your obligations to the 3rd party charge holder.
†Please note, until the point you default, you will have the sole right to amend account level mandate set up and payment approvals as you will remain the Primary Administrator.
Read the Lloyds Bank Pledged Account Factsheet (PDF, 157KB).
Terms around pledging the funds in your Current Account are governed by the Commercial Current Account Terms found in Product Terms And Conditions.
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.
Take part in our free lessons and workshops to help your business thrive in a digital world.
Published February 2025
As part of a regulatory requirement, an independent survey was conducted to ask approximately 1,200 customers of each of the 16 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.
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).
The requirement to publish the Financial Conduct Authority Service Quality Information for business current accounts can be found here
Cardnet® is a registered trademark of Lloyds Bank plc.