Switch your business bank account

Switching your business bank account to us is easy

Take the hassle out of switching your account using the Current Account Switching Service. Once your account is opened, everything will be switched within 7 days.

What to expect

We’ll guide you through it 

How switching works

  1. Give us the details of the account you want to switch
  2. Choose the date you want the switch to happen
  3. Leave the rest to us

And get ready to join the 1 million businesses who already bank with us.

You must be 18 years or over.

Fees and transaction charges 

Switch your business account

Switch to us with ease using the Current Account Switching Service. Once your account is opened, everything will be switched within 7 days.  

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More than just a business account

As well as getting digital banking with no account fee for 12 months, you’ll also benefit from: 

Access to £25,000 to grow your business

Manage your cash flow and help your business grow with access to up to £25,000 across a Business Credit Card or Business Overdraft. Once your Business Account is set-up you can apply online and get an instant decision*. 

Apply via the app once your account is set-up

Free accounting software to stay in control of your finances

  • Connect all your business accounts to see everything in one place 
  • Digitally submit VAT to HMRC and stay on top of your VAT position all year round 
  • Automate your finances with tools like expense tracking and cash flow forecasting 

More on our accounting software

 

Bank on-the-go 24/7 with our Business Banking App

  • Set-up new payees 
  • Make payments of up to £250,000 per day 
  • Pay in cheques via the app up to a daily limit of £10,000 
More on the app

Bank on-the-go 24/7 with our Business Banking App

  • Set-up new payees 
  • Make payments of up to £250,000 per day 
  • Pay in cheques via the app up to a daily limit of £10,000 
 
  • Download on the App Store
  • Get it on Google Play

Tools and support to help your business grow at your fingertips

Protect your business

Protecting your business against unforeseen circumstances which could cause financial loss, such as liability claims and property damage is essential. We know price and cover is important, so you'll have access to a panel of leading insurers both online and over phone.

More on Business Insurance

Make your money work harder with our business savings accounts

Whether you want to save for new equipment, a tax bill or something unforeseen, our range of savings accounts can help you make the most of your cash. Choose the account that’s right for you based on how much you have to save and how quickly you want to access your money. 

More on business savings accounts

Manage your cash flow and expenses whilst earning rewards

Manage your business expenses, free up cash flow and earn rewards with our Credit and Charge Cards. Earn cashback on eligible purchases and get up to 56 days’ interest free credit and travel insurance included.  

More on Credit and Charge Cards

Do business globally 

Make and receive payments from your customers and suppliers in over 130 currencies, making it easier to do business internationally.  

International Payments

 

Take payments wherever you are

Wherever you are and however your customers choose to pay, take payments with ease using our payment solutions.  

Explore payment solutions

We’re here for the long haul

As your business grows, your finance needs will change and evolve too. Wherever you decide to take your business next, we can help with a wide range of finance solutions to suit your needs.  

Business loans 

Offer a flexible way to invest in new equipment and expand your business.  

Explore business loans

International trade

We have a range of products and tools to support you in trading internationally. 

Trade internationally

Sustainability

Wherever you are in your journey to Net Zero, we can help you grow sustainably.  

Sustainable business

Frequently asked questions

 

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 the FSCS

*Eligibility criteria apply

1Electronic payments include:

  • Direct Debits
  • Standing Orders
  • Faster Payments Debits
  • Internet/Phonebank Debits
  • Internet Bulk Payments.

Independent service quality survey results

Business current accounts


Published August 2024

As part of a regulatory requirement, an independent survey was conducted to ask approximately 1,200 customers of each of the 16 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).

Ranking

Business current accounts overall service quality survey results: 1st monzo 85%, 2nd Starling Bank 83%, equal 3rd Tide 75%, equal 3rd Handelsbanken 75%, 5th Zempler Bank 69%, equal 7th Lloyds Bank 61%

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