Streamline trade with dependable payment methods
As a business, you’ll require different ways of paying suppliers and taking payment from your customers.
Bacs Direct allows you to make payments cost-effectively and securely, without the use of paper vouchers, cash or cheques. You can pay your insurance premiums, subscriptions, salaries and wages, pensions, or interest payments by utilising the efficient Bacs Direct facility.
PCO enables you to make both Bacs payments (Direct Credit) and collections (Direct Debit) efficiently and securely via one online portal. The standard service and available additional modules provide a solution for Direct Bacstel-IP users.
Cut-off times for making a same-day payment:
CHAPS payment via Commercial Banking Online -
Bulk Files - 5.10pm
Single Payments - 5.25pm
CHAPS payment via Corporate Online or LloydsLink Online - 5.25pm
In branch – 4.25pm.
Faster Payments is a UK service that allows you to send and receive payments in hours, or even minutes, when you use Internet Banking or Phonebank.
If you have a Lloyds Bank personal account, find out more about how Faster Payments affects you. Charges for this service could apply, depending on the business account tariff that you choose.
Cut-off times for making a same-day payment:
Faster Payments via Telephone Banking – 10pm
Faster Payments via Internet Banking – 10pm
Faster Payments via LloydsLink and Corporate Online - 5:45pm
You can deposit or withdraw small volumes of cash from your current accounts at one of our branches via our Branch Counter or use the self service facilities through Deferred Checking, Depositpoint or Nightsafe.
Withdrawals must be secured under an Open Credit arrangement arranged via your Relationship Manager.
Sometimes your business might need to withdraw or deposit a higher volumes of cash. This is especially true if you operate in a sector that uses a large amount of cash, such as retail, pubs and restaurants or schools.
The various schemes are designed to be convenient and secure for you and can even result in cost savings for your business.
Your relationship manager will be able to advise if you would benefit from one of the schemes.
You can deposit small volumes of cheques into your current accounts at one of our branches via our Branch Counter or use the self service facilities through Deferred Checking, Depositpoint, Nightsafe or Immediate deposit Machine.
Cheque encashments are available but must be secured under an Open Credit arrangement arranged via your Relationship Manager.
If you use Business Internet Banking or Online for Business you can deposit individual cheques using our Business Mobile Banking AppMore information about depositing cheques.
Sometimes your business might need to deposit a higher volumes of cheques. This is especially true if you operate in a sector that receives a large volumes, such as utility companies, local authorities, charities and schools.
Our Bulk Cheque Processing Service is designed to be convenient and secure for you and can even result in cost savings for your business.
Your relationship manager will be able to advise if you would benefit from our Bulk Cheque Processing Service.
As your business grows, it makes sense to have a straightforward method of managing online payments. Our Online Payment Control Service can give you greater control of your business' online payments, and your account limit will still apply.
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.
Cardnet® is a registered trademark of Lloyds Bank plc.
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.
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.
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.