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 6 weeks to open your account.
When your 12-month free banking period ends, the pricing below will apply.
Estimate with our calculator how much your current account could cost.
Monthly feeA fixed fee for operating your account.
Electronic payments (in or out)Includes online, automated and debit card payments.
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
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.
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:
- standing orders
- 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.
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.
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.
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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.