Apply for a Business Current Account

Banking for your start-up or small business

After you apply, we’ll be in touch if we need anything else. Then it usually takes up to six weeks to open your account.

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Free day-to-day business banking

Open an account as a small business or sole trader2 and you’ll get 12 months’ free day-to-day business banking3.

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Dedicated support

Benefit from the support and expertise of our UK-based business management team.

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Confidence and trust

We’re a fully regulated UK bank so you can feel confident about your money.

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Current Account Switch Guarantee

We’ll switch everything over within seven working days of your account opening if you use the Current Account Switch Service.

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“Lloyds Bank really understand our business and have supported our growth while still helping us to maintain our small business values.”

Andrew Pountney
Managing Director at Andyfreight

Are you eligible to apply for our business current account?

To apply for one of our business bank accounts, you must:

  • be at least 18 years old
  • be a sole trader, partner or company director
  • have an annual turnover of less than £3 million
  • be applying for your first business bank account with us.  

Please take some time to read the product terms and conditions.

If your turnover is more than £3 million a year, check out our bank account for larger businesses.

UK Finance business account opening guide

What you get with our bank account for sole traders, small businesses and start-ups

Free day-to-day business banking for a year

If you’re a new business banking customer2, enjoy your first year of day-to-day banking free3.

During this time, you won’t pay for:

  • monthly account fees
  • electronic payments
  • cash deposits and withdrawals  
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Our business banking app

Download our business banking app for easy and convenient banking. Available on Apple and Android, you can log in at a time that suits you using your secure login details. For extra security, use fingerprint and Face ID on compatible devices4

More about the app

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Use the app to:

  • Pay in cheques
  • Make payments of up to £250,000 per day
  • Create standing orders
  • Send money between business accounts
  • Check balances and transaction details
  • View or cancel Direct Debits
  • Approve online purchases
  • Access your statements in your Digital Inbox.

Simple transparent pricing and free electronic payments

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

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

  • Business account rates and charges

    Payment type


    Payment type

    Monthly fee



    Payment type

    Electronic payments5 (in or out)



    Payment type

    Cash payments (in or out)


    The first £1,500 per month - £1.00 per £100
    Anything over £1,500 per month - £0.90 per £100

    Payment type

    Cheques (in or out, any amount)



    Payment type

    Credit in



Bank accounts for other types of businesses

Bank accounts for other types of businesses

If you don’t meet the criteria for a small business account, a large business account may be better suited. Find out more about the different business accounts we offer.

See all business bank accounts

Frequently asked questions about start-up and small business accounts

Pick up where you left off

Pick up where you left off

If you’ve already started an online application for a small business or start-up bank account, you can continue or check the status of your application at any time.

Complete 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

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Accounting 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

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Taking 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®

* Lloyds Banking Group PLC – 2021 Annual Report

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

3Free day-to-day business banking includes:

  • electronic payments
  • cheques
  • cash
  • deposits and withdrawals.

All we ask is that you operate your account in credit or within agreed limits.

You'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.

Free electronic payments include:

  • UK sterling direct debits
  • standing orders
  • debit card transactions
  • Lloyds Bank/Other Bank ATM Withdrawals as indicated 
  • Internet/Phonebank Debits/Credits
  • Faster Payments debits and credits
  • internet bulk payments
  • automated credits.

Cashpoint® is a registered trademark of Lloyds Bank plc.

Cardnet® is a registered trademark of Lloyds Bank plc.

Independent service quality survey results

Business current accounts

Published August 2022

As part of a regulatory requirement, an independent survey was conducted to ask approximately 1,200 customers of the 15 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.

*SMEs include businesses, clubs, charities and societies with an annual turnover/income of up to £25m (exclusive of VAT and other turnover-related taxes).


Independent overall service quality survey results for 1st place Starling Bank 83%
Independent overall service quality survey results for 2nd place Monzo 79%
Independent overall service quality survey results for 3rd place Handelsbanken 73%
Independent overall service quality survey results for 4th place Tide 68%
Independent overall service quality survey results for 5th place Metro Bank 64%
Independent overall service quality survey results for 7th place Lloyds Bank 58%

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.

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.