Start-up and small business account

The account that helps your business make a flying start, including 12 months’ free day-to-day¹ business banking and specialist support when you want it.

Please note, new customers cannot open a Business Current Account to access the Recovery Loan Scheme. To be eligible for the Recovery Loan Scheme you must be an existing Lloyds Bank business customer for a minimum of 12 months.

Ready to apply?

In order for us to point you in the right direction we need to ask you a question.

We're sorry

To be eligible for the Recovery Loan Scheme you must be an existing Lloyds Bank business customer for a minimum of 12 months.

Take a look at our Coronavirus help page for other useful resources and answers for frequently asked questions.

Switching business accounts

We’ve taken the difficult decision to temporarily stop accepting business account applications from customers looking to switch their banking to us.

This is undoubtedly going to cause a level of inconvenience, but please be reassured that we’ll reinstate the ability to accept new account applications for switching at the earliest opportunity. Thank you for your understanding at this time.

We’ll help your business grow

Expert support

Our UK-based business management team are available to call on when you need your business questions answered. We help around 100,000 new businesses each year.

Products and services

  • We offer all kinds of financial support, from business loans and asset finance to overdrafts, invoice finance and credit cards.
  • Business insurance – leading UK broker Arthur J Gallagher searches a wide range of insurers to find the right cover for the right price.
  • Lloyds Bank Cardnet® allows you to accept card payments in person, online or by phone, with no joining fees.

Online digital skills training

Whether you‘re looking to improve productivity, increase turnover or enhance customer insight, Lloyds Bank Academy has free tools and interactive webinars to help your business thrive in a digital world.

Key features and benefits

  • 12 months’ free day-to-day1 business banking for new businesses2
  • Dedicated support from our UK-based business management team
  • Simple pricing including free electronic payments
  • Mobile Business Banking app*
  • Useful guides and practical business tools

Is my business eligible?

To apply for a start up and small business account, you should:

  • have an annual turnover below £3m
  • have simple business banking needs
  • be a sole trader, partner or company director and be aged 18 or over
  • have no existing banking relationship with us, including other entities that are part of your business

What we’d need to know

We have worked with other providers of UK business banking accounts to help you prepare by agreeing a basic set of information that we’ll need from you.

  • For free business banking you need to operate your account in credit, or within your agreed overdraft limit

    Free banking includes no monthly account fee, electronic payments, cheques and cash withdrawals/deposits

    Pricing after your first 12 months’ free

    When your 12-month free banking period ends, the simple pricing below will apply. You’ll continue to pay no fee for electronic payments, including withdrawing money from a Cashpoint® or paying by Debit Card.

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


    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.



  • Make sure you understand the small print.


Accounting software

Try it free for 3 months

Business Finance Assistant is an online accountancy package that integrates easily with your business accounts, including accounts with other providers. It can help you predict cash flow peaks and troughs, manage your invoices, submit digital VAT returns and much more – giving you greater control over your finances and saving valuable time.

Accepting card payments

Whatever the current size of your business, we can help you manage accepting card payments; online, over the phone or face to face.






Other options

If our start-up and small business account isn’t right for you, here are some other accounts you may be interested in:

Switch your account to us

Businesses current account

Community accounts

Manage your existing account

Independent service quality survey results

Business Current Accounts

Published August 2021

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 89%
Handelsbanken 75%
Metro Bank 69%
Santander 63%
Barclays 60%
Lloyds Bank 57%

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

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.

Download the statement of responsibilities (PDF, 57KB)

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, Lloyds Bank/Other Bank ATM Withdrawals, Internet/Phonebank Debits/Credits, Faster Payment Debits/Credits, Internet Bulk Payments and Automated Credits.

2Applies to small businesses, including individuals setting up their first business bank account.

*You will need iOS or Android. The app is not compatible with some older versions of the operating systems – check the Apple App Store or Google Play . Business Internet Banking Registration Required. Terms & Conditions Apply.

Cashpoint ® is a registered trademark of Lloyds Bank plc.

Cardnet® is a registered trademark of Lloyds Bank plc.

Lloyds Bank Business Insurance Services are arranged and administered by Arthur J. Gallagher Insurance Brokers Limited which sources products from a panel of insurers. Arthur J. Gallagher Insurance Brokers Limited, registered office: Spectrum Building, 7th Floor, 55 Blythswood Street, Glasgow, G2 7AT. Registered in Scotland. Company Number: SC108909. Authorised and regulated by the Financial Conduct Authority (Firm Reference Number: 311786). The Lloyds Bank brand and logo are used under licence.

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.