Card readers
Accept card payments with our wide range of face-to-face solutions.
Switching your account to us means you’ll get access to all the tools you need to make managing your business easier and to help your business grow.
Switch todayTake 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.
And get ready to join the 1 million businesses who already bank with us.
You must be 18 years or over.
Switch to us with ease using the Current Account Switching Service. Once your account is opened, everything will be switched within 7 days.
As well as getting digital banking with no account fee for 12 months, you’ll also benefit from:
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*.
Wherever you are and however your customers choose to pay, take payments with ease using our payment solutions.
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.
Find out more about our Business Account fees and charges.
Payment type |
|
---|---|
Payment typeIntroductory offer |
No monthly account fee for 12 months |
Payment typeMonthly account fee |
£8.50 after 12 months |
Payment typeElectronic payments in1 |
Free |
Payment typeElectronic payments out1 |
First 100 a month are free / £0.20 each after that |
Payment typeCash payments (in or out) |
£0.85 for every £100 at an Immediate Deposit Machine / £1.50 for every £100 over the counter |
Payment typeCheques (in or out, any amount) |
£0.85 at an Immediate Deposit Machine / £1 over the counter |
Payment typeCredit paid in at branch or ATM |
£0.85 |
Payment typeCredit paid in at an Immediate Deposit Machine, Automated Deposit Machine, through the app |
Free |
Payment typeBACS |
File submission: £5.50 BACS Item: £0.15 (a set up fee may apply) |
Payment typeCHAPS |
£30 |
Payment typeSending and receiving money abroad |
|
Payment typeBalances below £0 (going overdrawn) |
|
Payment typeOther account services |
See the full account rates and charges (PDF, 666KB) and product terms and conditions.
Estimate with our calculator how much your business account could cost per month after the first year.
To open a business bank account with us you must:
Your business bank account will switch within seven working days from when your new account is opened under the Current Account Switch Service guarantee.
No, you won’t need to close your old bank account yourself. Your old bank will close your account as part of the Current Account Switch Service process. All you need to do is fill in the instruction form to authorise the closure.
Making the switch to a business bank account with Lloyds Bank, or any other bank using the Current Account Switch Service, is straightforward. It’s an easy process designed to make changing banks and transferring important information stress-free. Sit back and wait until your switch date and we’ll take care of the rest.
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.
*Eligibility criteria apply
1Electronic payments include:
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.
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).
The requirement to publish the Financial Conduct Authority Service Quality Information for business current accounts can be found here