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.
Business banking that works as hard as you
Open a business bank account in June and get £200. Download the app or apply online.
Get a Business Account
From 10 July 2026, some of the fees for our Business Account are changing. Read the guide to changes for details.
Free Making Tax Digital software for sole traders
If your business comes under the new HMRC rules, you could get the HMRC-recognised accounting software from Lloyds. Designed for Making Tax Digital for Income Tax and free with Lloyds Business Accounts.
Boost your business with us
Find the best products and support to help grow your business.
£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 unlock your £200 business boost:
Apply between 1 June and 30 June, then by 30 September:
- Have your account opened.
- Spend £100 on your business debit card.
- Set up 2 direct debits.
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.
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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 Account between 1 June and 30 June 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 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 both of the following apply:
- You submit an online application for a new Business Account with us between 1 June 2026 and 30 June 2026. Saved or incomplete applications won’t be eligible.
- You do not already hold a Business Account with us or Bank of Scotland plc.
3. What you need to do to receive the £200
You’ll qualify for the £200 payment if, by 30 September 2026, we have opened your Business Account and:
- You spend at least £100 using your Visa debit card on eligible purchases.
- You 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.
4. What do we mean by ‘opening your Account’?
Your Business Account is opened on the date we send you your sort code and account number. This will be after you applied online.
5. When we'll pay you
If you meet the eligibility requirements above, we’ll pay £200 into your new Business Account by the end of October 2026. We’ll email you before we make the payment to let you know when to expect it.
Your Business 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 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 Accounts are eligible for this offer. Charity and Community Accounts, and accounts that can’t be opened online (such as School Accounts), are not eligible for the incentive.
- Existing customers already holding a Business 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 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.
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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
We work hard to keep your personal and business data secure, which includes regularly reviewing our privacy notice. When there’s an important change we’ll remind you to take a look and share it with anyone within your business who might need to know. This is so you’re aware of how we use your data and what your options are. Please review the latest privacy notice.
ANY PROPERTY GIVEN AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBTS SECURED ON IT.
All lending is subject to a satisfactory credit assessment and we will need your permission to carry out a credit check on you and your business.
You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action.
All lending is subject to status. Security may be required.
While all reasonable care has been taken to ensure that the information provided is correct, no liability is accepted by Lloyds Bank for any loss or damage caused to any person relying on any statement or omission. This is for information only and should not be relied upon as offering advice for any set of circumstances. Specific advice should always be sought in each instance.
*SMEs include businesses, clubs, charities and societies with an annual turnover/income of up to £25m (exclusive of VAT and other turnover-related taxes).