Streamline trade with dependable payment methods
Manage your payments in a reliable and efficient manner
As a business, you’ll require different ways of paying suppliers and taking payment from your customers.
- Fast, reliable and secure method of guaranteeing same business day payment of cleared funds in the UK.
- Payment is made from one account to another on the same business day.
- Funds are cleared on day of receipt.
- Payments can be made for any amount, so there's no need to worry about cheque guarantee limits.
- Money is received on the same business day, and can therefore be drawn against immediately.
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.
Business Mobile Banking App
If you use Business Internet Banking or Online for Business you can deposit individual cheques using our Business Mobile Banking App.
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.
- Secure bank-to-bank transfers
- Send money in 130+ currencies
- Transparent upfront fees
- Schedule payments in advance
- Option to store details for repeat payments
- Make Payments 24 hours a day.
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.
Pay & Collect Online (PCO)
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.
Bulk Payments Service
- Determine the date of each payment yourself.
- Set up payments from two to 30 business days in advance.
- Industry standard Bacs payment cycle with credit and debit occurring on the same day (Day 3).
- Stay in control of your payments via a full audit trail.
- Potentially reduce your bank charges by using the Bulk Payments Service instead of cheques or bank giro credits.
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.
Cardnet® is a registered trademark of Lloyds Bank plc.