School Bank Account
Our School Bank Account has been designed for state-funded schools and academies.
School Bank Accounts opened on or after 10th October 2022
School Bank Accounts opened before 10th October 2022
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.
*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.