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 6 weeks to open your account.

Apply for a Business Current Account

Access your account on the go anytime with our business mobile app3.

Apply now

Key features

All you need for a flying start

  • 12 months’ free day-to-day business banking¹ for new businesses²
  • Dedicated support from our UK-based business management team
  • Simple pricing, including free electronic payments
  • Lloyds Bank Business mobile app³
  • Useful guides and practical business tools

Please take some time to read the product terms and conditions

  • When your 12-month free banking period ends, the pricing below will apply.

    Estimate with our calculator how much your current account could cost.


    Payment type


    Payment type

    Monthly feeA fixed fee for operating your account.



    Payment type

    Electronic payments (in or out)Includes online, automated and debit card payments.



    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.


    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.



    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.



  • 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.

    How we support start-up businesses (PDF, 1.00MB)


What you need to know

To apply for an account as a small business, you need to:

  • be a sole trader, partner or company director
  • be aged 18 or over
  • have an annual turnover of less than £3 million
  • not already have a Lloyds Bank business account for this business.


If your annual turnover is above £3 million, please see our accounts for larger businesses.

If you already have a business account for this business, please go to existing customers

Please have the following ready:

  • a copy or photograph of your signature
  • the name, date of birth and three-year personal address history (including month and year of moving dates) for everyone connected to the account and the mobile number and email address of the Key Account Party
  • your business name, address, details of your activities and estimated turnover.
  • For limited company accounts, companies house must be up to date before we can progress an application. Please allow 3 days from the date of Companies House registration before applying online or over the phone.


UK Finance business account opening guide

Before applying

Keep in mind:

  • If you’re applying for a loan, please make sure you have the loan agreed before opening an account. You do not need to open a Business Current Account to apply for a loan, you can open a Loan Servicing Account.
  • If you’ve already started an application, you can continue or check the status of your application at any time that suits you.

Switching business account

Get a guaranteed switch in 7 working days from when your account is opened using the Current Account Switch Service.

Switch your business account to us

Apply for a Business Current Account

Access your account on the go anytime with our business mobile app3.

Apply now

Resume application

Pick up where you left off

If you’ve already started an application, you should have received your ‘Welcome’ email.

You can continue or check the status of your application at any time that suits you. To log in you will need the mobile phone number and email address you provided in your application.

Existing customers

Do you already have an account?

If you’re already a Lloyds Bank business customer visit: 

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.

Business Finance Assistant

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.

Lloyds Bank Cardnet®

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.


Starling Bank 86%
Handelsbanken 75%
Metro Bank 68%
Santander 61%
Barclays 58%
Lloyds Bank 56%

View the full set of results

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).

Making sure you get a fair deal

We want you to find a product that's right for your circumstances, which is why we adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board.

To find out more you can read the statement of responsibilities, which details what's expected of us, the lender and you the borrower.

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:

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.