Account for start-up and small businesses
The account that helps your business make a flying start. Includes 12 months’ free day-to-day¹ business banking and specialist support when you want it.
After submitting your application we will check we have all the information we need and we will contact you if anything is missing. Then, it will usually take us up to 4 weeks to open your account.
Ready to apply?
In order for us to point you in the right direction we need to ask you a question.
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When your 12-month free banking period ends, the pricing below will apply.
Estimate with our calculator how much your current account could cost.
Pricing
Payment type
Cost
Payment type
Monthly feeA fixed fee for operating your account.
Cost
£7.00
Payment type
Electronic payments (in or out)Includes online, automated and debit card payments.
Cost
Free
Payment type
Cash payments (in or out)Cash you pay into or withdraw from your account using our branch counter or deposit machine. We don’t charge for ATM withdrawals.
Cost
The first £1500 per month - £1.00 per £100
Anything over £1500 per month - £0.90 per £100
Payment type
Cheques (in or out)Any cheque payment made in or out of your current account made via a branch counter, Immediate Deposit Machine, or bulk or other cheque deposit service including cheque imaging via the Business Mobile Banking App.
Cost
£0.85
Payment type
Credit inCredit in is a fee charged when paying in a credit of cheques and/or cash at the branch counter, or through other cheque/cash deposit services. We do not charge a credit in fee when you deposit via an Immediate Deposit Machine, depositpoint™, Night Safe, Business Mobile Banking App cheque imaging or Post Office® counters.
Cost
£0.85
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¹Free day-to-day business banking includes:
- cheques
- standing orders
- cash
- UK sterling direct debits
- deposits and withdrawals.
All we ask is that you operate your account in credit or within agreed limits.
Free electronic payments include:
- UK sterling direct debits
- standing orders
- debit card transactions
- free cashpoint withdrawals from Lloyds Bank, Halifax and Bank of Scotland cash machines; withdrawals from other cash machines may incur additional charges set by the owner of the machine
- internet debits and credits
- PhoneBank® debits and credits
- Faster Payments debits and credits
- internet bulk payments
- automated credits.
2Applies to small businesses, including individuals setting up their first business bank account.
³You'll need iOS or Android. The app is not compatible with some older versions of these operating systems. Please check the Apple App Store or Google Play. You'll need to have registered for Online for Business. Terms and conditions apply.
Switching business account
Get a guaranteed switch in 7 working days from when your account is opened using the Current Account Switch Service.
Ready to apply?
In order for us to point you in the right direction we need to ask you a question.
Further resources
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.
Grow your digital skills online
Take part in our free lessons and workshops to help your business thrive in a digital world.
Other products you may be interested in
Accountancy software
Try it free for 3 months
Connect Business Finance Assistant to you business accounts to predict cash flow, submit digital VAT returns and much more.
Accepting card payments
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.
Independent service quality survey results
Business Current Accounts
Published February 2022
As part of a regulatory requirement, an independent survey was conducted to ask approximately 1,200 customers of the 14 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.
Ranking
The requirement to publish the Financial Conduct Authority Service Quality Information for business current accounts can be found here
Cashpoint® is a registered trademark of Lloyds Bank plc.
Cardnet® is a registered trademark of Lloyds Bank plc.
SMEs include businesses, clubs, charities and societies with an annual turnover of up to £25m (exclusive of VAT and other turnover-related taxes).
Important Legal Information
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.
The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.
Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.
We adhere to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk.
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.