Change your business address
If you're a full access user, you can update your business, registered, mailing and personal addresses within Online for Business and the Business banking app.
£200 when you switch your business bank account
Switch to us and get £200.1 Plus 12-months with no account fee and access to all of Lloyds business banking.
Move your business account to Lloyds
How switching works
Hassle-free switching
If you have a turnover under £3 million, switch using the Current Account Switch Service. We’ll switch everything over within seven working days of your account opening.
Already opened a Business Account with us and now ready to switch?
£200 to kick things off
Open a Business Account with us online and get £200. How’s that for a helping hand?
Three steps to lock in your £200 business boost.
- Apply between 2 March and 31 March.
- Spend £100 on your business debit card.*
- Set up 2 direct debits.*
*Within 2 months of opening your account.
Terms and conditions of the £200 offer
Your approvers are people listed as signatories on your account. You can find this information on your bank mandate. Your bank mandate is the set of instructions given to us when your business account is opened. Contact us on 0345 072 5555 if you have any queries.
Turnover of £3 million to £25 million? Let's help you switch
Apply for a Business Account by answering some questions online. You can use the Current Account Switch Service when we open your new Business Account.
Meet the Business Account that works as hard as you
Choose us and get more than just a bank account
Already opened a Business Account with us and now ready to switch?
If you're the only Key Account Party on the account with your old bank and Lloyds, you can instruct your switch using our online form.
Sylwia Golebiowska CEO, Simply GrowAs we grew, we needed a banking partner we could rely on. Lloyds has supported us by providing a stable and secure platform for managing our finances, helping us stay organised as we expanded operations and took on larger clients.
Steve Athwall CEO/Founder, The Big Phone StoreLloyds isn’t just watching from the sidelines, they’re actively involved in helping us make smarter decisions. It’s a big part of why we feel so optimistic about what’s ahead!
Backing businesses across the UK
Discover some of the ways we’re supporting business owners and entrepreneurs.
Disabled-owned businesses
Black-owned businesses
Women-owned businesses
Mental health support
£200 new business account offer – Terms and Conditions
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These Terms and Conditions explain how this offer works, including who can take part, and what you need to do to receive the payment.
In these terms and conditions “we”, “us” or “our” means Lloyds Bank plc.
1. About this offer
This offer is available to new business customers who apply online for a Business, Charity or Community Account between 2 March 2026 and 31 March 2026, subject to the eligibility requirements below.
This offer is also available to customers who switch an existing current account held with another bank to us, using the Current Account Switching Service (CASS), once their new account with us is open.
The Business, Charity or Community Account, and any transactions made on the account, will be subject to the terms and conditions for the account. Fees and charges may apply.
2. Who can take part
You can take part, if all the following apply:
- You submit an online application for a new Business, Charity or Community Account with us between 2 March 2026 and 31 March 2026. Saved or incomplete applications won’t be eligible.
- We complete all our standard checks on your Business, Charity or Community Account application, and we open it (see below for what we mean by this) by 15 April 2026.
- You do not already hold a Business, Charity or Community Account with us or Bank of Scotland plc.
3. What do we mean by 'open'?
Your Business, Charity or Community Account is opened on the date we send you your sort code and account number. This will be after you applied online.
4. What you need to do to receive the £200
You’ll qualify for the £200 payment if, within two calendar months of when we open your Business, Charity or Community Account, you:
- Spend at least £100 using your Visa debit card on eligible purchases
- Set up two direct debits from your new account.
Make sure there’s enough money in your account, or that you have an authorised overdraft in place (if available on your account) before you spend on your debit card or your direct debits are taken. If you don’t, your account may go into an unauthorised overdraft, and you may be charged fees and interest as set out in your account terms and conditions.
Eligible debit card spending
Debit card spending means purchases of goods or services using your Visa debit card.
Excluded transactions
The following do not count towards the £100 spend requirement:
- Cash withdrawals
- Bank transfers made with or without your debit card
- Debt repayments
- Direct debits and standing orders
- Transactions classified as gambling
- Financial services transactions (money transmission orders, purchases of foreign currency or travellers’ cheques and purchases of financial services such as insurance or investments.)
- Cryptocurrency transactions
- Refunds and chargebacks
- Bank charges, fees, interest, and any other non-purchase transactions
- Fraudulent transactions
Direct Debits
Direct debits must be set up with the organisations you’re paying.
If you’re switching to us using the Current Account Switch Service (CASS), any active direct debits moved to your new account as part of the switch will count towards the requirement to set up two direct debits from your account.
5. When we'll pay you
If you meet the eligibility requirements above, we’ll pay £200 into your new Business, Charity or Community Account during the week starting 6 July 2026. We’ll email you before we make the payment to let you know when to expect it.
Your Business, Charity or Community Account must be open and able to receive payments at the time we try to make the payment.
We can’t pay the £200 into any other account or by cash or cheque.
The £200 payment is made gross, and you’re responsible for paying any tax due on the payment you receive.
We won’t contact you if your Business, Charity or Community Account doesn’t meet the offer requirements.
6. Other important information
- Only one £200 payment is available per customer. If you open more than one account with us, including accounts with Lloyds Bank or Bank of Scotland, we’ll only check the first account you open to see if it meets the offer requirements.
- Only Business, Charity or Community Accounts are eligible for this offer. All other account types are not eligible.
- Existing customers already holding a Business, Charity or Community Account are not eligible for this offer.
- This offer isn’t transferable, and we may change, pause or withdraw it at any time. If you’ve already opened your Business, Charity or Community Account when we make a change, or pause or withdraw the offer, it won’t affect you, as long as you meet the offer requirements.
- We won’t cover any fees or interest you incur if your account goes into an unauthorised overdraft as a result of making payments using your Visa debit card or direct debits.
- The £200 payment cannot be exchanged for any other benefits.
- Our decision on eligibility and payment is final.
Frequently asked questions
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Find out more about our Business Account fees and charges.
Lloyds Business Bank Account fees and charges. Payment type
Charges
Payment type
Introductory offer
Charges
No monthly account fee for 12 months if it’s your first business account with us
Payment type
Monthly account fee
Charges
£8.50 after 12 months
Payment type
Electronic payments in2
Charges
Free
Payment type
Electronic payments out2
Charges
First 100 a month are free / £0.20 each after that
Payment type
Cash payments (in or out)
Charges
£0.85 for every £100 at an Immediate Deposit Machine / £1.50 for every £100 over the counter
Payment type
Cheques (in or out, any amount)
Charges
£0.85 at an Immediate Deposit Machine / £1 over the counter
Payment type
Credit paid in at branch or ATM
Charges
£0.85
Payment type
Credit paid in at an Immediate Deposit Machine, Automated Deposit Machine, through the app
Charges
Free
Payment type
BACS
Charges
File submission: £5.50
BACS Item: £0.15 (a set up fee may apply)
Payment type
CHAPS
Charges
£30
Payment type
Sending and receiving money abroad
Charges
Payment type
Balances below £0 (going overdrawn)
Charges
Payment type
Other account services
Charges
No credit interest is payable on this account.
See the full account rates and charges (PDF, 232KB) and product terms and conditions.
Estimate with our calculator how much your business account could cost per month after the first year.
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To open your business account, you’ll need:
- A copy or photograph of your signature
- A UK driving licence or passport
- The name, date of birth and three-year personal address history (including month and year of moving dates), mobile number and email address for everyone connected to the account.
- Your business name, address, details of your activities and estimated annual turnover
- For limited company accounts, Companies House must be up to date before we can progress an application. Please allow four days from the date of Companies House registration before applying online or over the phone.
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Switching your bank account and get benefits such as:
- Separate business from personal transactions to make business accounting easier
- Access expert resources and support to grow your business skills
- Manage your accounts using online business banking.
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If you’ve already started an online application, you can continue or check the status of your application at any time using the log on button in your welcome email, which you’ll get once you’ve provided your personal details.
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Yes, you can easily switch your current business account to a Lloyds Bank business account using the Current Account Switching Service. Once you’ve given us your details, you can sit back and we’ll manage the rest for you.
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The Current Account Switch Service lets you switch your current account from one bank or building society to another in just seven working days. It's simple, reliable, and stress-free. We move everything over to your new account, redirect any payments sent to the old account, and make sure your old account is closed.
- The service is free to use and you can choose and agree your switch date with us.
- We will take care of moving all your payments going out (for example, your Direct Debits and standing orders) and those coming in (for example, your salary).
- If you have money in your old account, we will transfer it to your new account on your switch date.
- We will arrange for payments accidentally made to your old account to be automatically redirected to your new account. We will also contact the sender and give them your new account details.
- If there are any issues in making the switch, we will contact you before your switch date.
- If anything goes wrong with the switch, as soon as we are told, we will refund any interest (paid or lost) and charges made on either your old or new current accounts as a result of this failure.
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The Current Account Switch Service is a fast and simple way to switch your Business Account to us.
Before using the service, check it’s right for you. Your business must:
- have an annual turnover below £6.5 million
- employ fewer than 50 people.
You’ll also need to check that your existing bank is signed up to the service. Over 50 banks and building societies take part in the Current Account Switch Service - view the full list here.
Got a different question? Check the Current Account Switch Service FAQ page.
Protecting your money
The Financial Services Compensation Scheme (FSCS) protects up to £120,000 of the eligible money you hold with us.
Independent service quality survey results
Business current accounts
Published February 2026
As part of a regulatory requirement, an independent survey was conducted to ask approximately 1,200 customers of each of the 17 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
The requirement to publish the Financial Conduct Authority Service Quality Information for business current accounts can be found here