Bulk Payments Services
Our Bulk Payments Service is a simple, convenient and secure way to make regular payments such as wages, expenses and supplier payments.
Managed via Online for Business, the service is ideal for companies that wish to make up to 25 payments in one batch.
Once you have agreed a limit with us (similar to an overdraft limit), you can set up the bank account details of everyone you wish to pay, as well as the dates and amounts of payments.
Features and benefits
- 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.