Business Account for Switchers

We’re committed to helping British businesses achieve their potential. That’s why we make it easy for you to join us and get the tailored support you need. Switching to us now takes just seven working days.

Features and benefits

  • Manage your account online, over the phone or through our extensive branch network.
  • Work with a dedicated relationship manager, on hand to support your business.
  • Choose between two switching methods – the Current Account Switch Service or the Transfer of Payment Arrangement Service.
  • We will:

    • arrange for your old bank to close your previous account and transfer any credit balance to your new Lloyds Bank account                  
    • transfer all incoming and outgoing payments within the seven working day guarantee
    • redirect all payments to and from your old account to your new account for at least three years
    • refund you for any interest or charges incurred on your old or new account as a result of an unlikely delay caused by us1.

    Current Account Switch Guarantee

    Current Account Switch Guide

  • You can:

    • specify the payments you would like us to transfer
    • ask us to transfer any outstanding credit and/or debit balance from your old account
    • choose whether or not you’d like us to arrange for your old bank to close your previous account.
  • You won’t need to change your account even when your business grows or your needs change. We can offer you:

    • support from a relationship manager
    • access to the largest branch network of any bank in the UK
    • an internet banking service, giving you account information seven days a week
    • mobile updates on your Online for Business account balance through our text alert services
    • phone banking so you can speak to a business advisor
    • cheque books, direct debits, standing orders, regular statements.
  • To apply for a Business Account for Switchers, you should:

    • require the account for business use
    • be a sole trader, partner or director
    • be aged 18 or over.
  • Terms and conditions

    Make sure you understand the small print.

    Find out more about terms and conditions

  • School Bank Account

    Our School Bank Account has been developed specifically for state-funded schools, academies and those schools on their way to becoming academies.

    Find out more

    Business accounts

    Our current accounts cater for new or established businesses, charities, clubs, communities and more.

    Back to business accounts

Apply now on the phone

0345 902 0061

Call us to talk to one of our relationship managers. We are available from 8am to 8pm Monday to Friday and 9am to 1pm on Saturday.

Online accounting software

The Business Finance Assistant is linked to your Business Current Account and can help you keep on top of your finances.

Register for your free trial now

Accepting card payments

Card payments to suit the way you do business

Find out more

1 This doesn’t cover charges or interest resulting from required tasks you or your old bank do not complete.

Important Legal Information

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.

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.

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.

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.