School Bank Account

Our School Bank Account has been designed for state-funded schools and academies.

Get specialist support

You’ll have access to sector specialists to provide support. 

Instant access to funds

As long as cleared funds are available.

Free day-to-day banking*

If you’re eligible for an account, you won’t pay a monthly fee.

Opening a School Bank Account

Opening a School Bank Account

If you’re an academy, multi-academy trust or state-funded school with a turnover of £3m or more per year, complete an enquiry form to apply for a School Bank Account.

Send an enquiry form

Am I eligible?

To apply for a School Bank Account, you will:

  • Be an academy, multi-academy trust or state-funded school
  • Use the account for business only
  • Have a turnover of £3m or more.

If you’re an independent school take a look at our education sector business services page. 

Please see our Terms and Conditions for other important information.

The education expertise hub

Get help from an education specialist and find out about banking services on offer to the education sector.

Get specialist support

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.

More about FSCS
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Take part in our free lessons and workshops to help your business thrive in a digital world.

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*Free day-to-day business banking applies if you continue to meet our eligibility criteria. This  means you have to be a state funded school or academy. We apply a specialist tariff on our School Bank Account. Our specialist tariff is provided free of charge, however charges for CHAPS, International Payments, Online Channels and other service charges apply. Information on other service charges that apply can be found in the relevant charges brochure.

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.