Switch your business bank account

THIS is business banking

Switch your business account today and join the one million businesses that already bank with us.

  • First account with us? No account fee for 12 months, then £8.50 a month.
  • Keep control of your finances with free accounting software.
  • Instant decision on up to £25,000 credit.1
  • Products for every stage of your business journey.

 

Start switching

Check if your business can apply

Meet the Business Account that works as hard as you

 

Balance your books with our free accounting tools

  • Simplify your expenses and automate business admin tasks. 
  • Create and send professional invoices.
  • Streamline your reporting. Send VAT returns directly to HMRC.
 

Grow with up to £25,000 credit

Once you’ve set up your new business current account, apply for credit using the app and get an instant decision. 

  • Options for a Business Credit Card or Business Overdraft.
  • Up to £5,000 for start-ups and up to £25,000 for switchers.
  • Kickstart your business, fund your growth, or cover unexpected costs.
 

Build your savings for the future

Open a business savings account - choose from an Instant Access Account, notice account, and fixed term deposit account.

  • Be clever with your cash. Start small and earn interest from day one, so you can watch your savings grow.
  • Use our Business Savings Interest Calculator to see how our competitive interest rates could set you up for the future.
Switch your account

 1Apply online once your new Business Account is set up and you’ll get an instant decision. Eligibility for lending will be assessed as part of a separate application, and there is no guarantee of lending being granted. All lending is subject to status.

Balance your books with our free accounting tools

  • Simplify your expenses and automate business admin tasks. 
  • Create and send professional invoices.
  • Streamline your reporting. Send VAT returns directly to HMRC.

Grow with up to £25,000 credit

Once you’ve set up your new business current account, apply for credit using the app and get an instant decision. 

  • Options for a Business Credit Card or Business Overdraft.
  • Up to £5,000 for start-ups and up to £25,000 for switchers.
  • Kickstart your business, fund your growth, or cover unexpected costs.

Build your savings for the future

Open a business savings account - choose from an Instant Access Account, notice account, and fixed term deposit account.

  • Be clever with your cash. Start small and earn interest from day one, so you can watch your savings grow.
  • Use our Business Savings Interest Calculator to see how our competitive interest rates could set you up for the future.
Switch your account


1Apply online once your new Business Account is set up and you’ll get an instant decision. Eligibility for lending will be assessed as part of a separate application, and there is no guarantee of lending being granted. All lending is subject to status.

Choose us and get more than just a bank account

 

Settle daily costs with a Business Debit Card

  • Withdraw up to £700 of cleared funds per day.
  • Use your card for on-the-go contactless transactions up to £100.
  • Speed up deposit transactions at branches using your card.

Take payments in person, online and over the phone

Get payment services you can trust. With options to suit your business needs - on the move, in your business premises, or countertop card readers.

Insurance to protect your business

Choose the right price and cover from a panel of leading insurers - online and over the phone.

 

Earn rewards with our Credit and Charge cards

  • Interest-free credit days on purchases.
  • Travel insurance included.
  • Earn cash back on fuel, electric vehicle charging, and other eligible purchases.
  • Manage your cash flow and expenses.
 

Settle daily costs with a Business Debit Card

  • Withdraw up to £700 of cleared funds per day.
  • Use your card for on-the-go contactless transactions up to £100.
  • Speed up deposit transactions at branches using your card.

Take payments in person, online and over the phone

Get payment services you can trust. With options to suit your business needs - on the move, in your business premises, or countertop card readers.

 

Earn rewards with our Credit and Charge cards

  • Interest-free credit days on purchases.
  • Travel insurance included.
  • Earn cash back on fuel, electric vehicle charging, and other eligible purchases.
  • Manage your cash flow and expenses.

Insurance to protect your business

Choose the right price and cover from a panel of leading insurers - online and over the phone.

How switching works

Step 1

Apply for a Business Account. When you're setting things up, we'll ask if you want to switch using the Current Account Switch Service.

Step 2

Sit back whilst we switch. We’ll let you know when it’s done - in the meantime, you can still use your old account.

Step 3

On your switch date, we’ll transfer your balance and close your old account. Plus we’ll redirect any payments to your old account and tell the payor your new details.

Step 1

Apply for a Business Account. When you're setting things up, we'll ask if you want to switch using the Current Account Switch Service.

Step 2

Sit back whilst we switch. We’ll let you know when it’s done - in the meantime, you can still use your old account.

Step 3

On your switch date, we’ll transfer your balance and close your old account. Plus we’ll redirect any payments to your old account and tell the payor your new details.

 

Hassle-free switching

If you have a turnover under £3 million, switch using the Current Account Switch Service. We’ll switch everything over within seven working days of your account opening.

Switch to us

THIS is business banking in action

Distilling ambition into growth

With our lending support, Colwith Farm Distillery built Cornwall’s first plough-to-bottle distillery and scaled with confidence.

Read their story

Crafting success, one loaf at a time

From local roots to a new facility, our support and funding is helping Cavan Bakery expand its operations and boost efficiency.

Explore Cavan Bakery’s story
 

Download the app to apply

Explore our brilliant everyday banking features.

  • Make payments up to £250,000 each day.
  • View or share payment receipts by email, WhatsApp, or SMS.
  • Approve online debit card purchases.

Available on the Apple App Store and Google Play store.

More on the app

Download the app to apply

Explore our brilliant everyday banking features.

  • Make payments up to £250,000 each day.
  • View or share payment receipts by email, WhatsApp, or SMS.
  • Approve online debit card purchases.

Available on the Apple App Store and Google Play store.

More on the app

Is this account right for my business?

You can apply for this account if: 

  • you’re at least 18 years old
  • you’re a UK resident and have a UK mobile phone number
  • you’re a sole trader or director of the business
  • the business has an annual turnover of £25 million or less
  • the business is trading from an address in the UK.

If you have a limited company: 

  • it must be registered in the UK with a UK trading address
  • it must have been registered with Companies House for at least four days
  • check that no changes have been made to the Companies House register in the past four days
  • it must have an ‘active’ status on the Companies House register.

Get ready to apply

What you'll need:

  • details about you, where you’ve lived, and your tax status
  • information about your business, including what you do, who you work with, and where you work
  • a way to take a live photo of your signature and one of yourself
  • a form of ID such as your passport or UK driving license
  • proof of your business address such as a utility bill.
Switch to Lloyds

Is this account right for my business?

You can apply for this account if: 

  • you’re at least 18 years old
  • you’re a UK resident and have a UK mobile phone number
  • you’re a sole trader or director of the business
  • the business has an annual turnover of £25 million or less
  • the business is trading from an address in the UK.

If you have a limited company: 

  • it must be registered in the UK with a UK trading address
  • it must have been registered with Companies House for at least four days
  • check that no changes have been made to the Companies House register in the past four days
  • it must have an ‘active’ status on the Companies House register.

Get ready to apply

What you'll need:

  • details about you, where you’ve lived, and your tax status
  • information about your business, including what you do, who you work with, and where you work
  • a way to take a live photo of your signature and one of yourself
  • a form of ID such as your passport or UK driving license
  • proof of your business address such as a utility bill.
Switch to Lloyds

Backing businesses across the UK


Discover some of the ways we’re supporting business owners and entrepreneurs.

Disabled-owned businesses

Disabled-owned businesses

We back disabled business owners with practical resources and support. And we work with partners to help break down barriers in the finance sector.

Explore support

Black-owned businesses

Black-owned businesses

We offer dedicated support for Black entrepreneurs. Get tailored opportunities to help you start, manage and grow your business.

Discover opportunities

Women-owned businesses

Women-owned businesses

Find the expertise, resources, and products to help you achieve your business goals - from kick-starting your idea to achieving your biggest goals.

View resources

Mental health support

Mental health support

If a mental health condition is making it harder to manage your finances, find out what additional support is available.

Get help

Frequently asked questions

  • Find out more about our Business Account fees and charges. 

     

    Lloyds Business Bank Account fees and charges.

    Payment type

    Charges

    Payment type

    Introductory offer

    Charges

    No monthly account fee for 12 months if it’s your first business account with us

    Payment type

    Monthly account fee

    Charges

    £8.50 after 12 months

    Payment type

    Electronic payments in2

    Charges

    Free

    Payment type

    Electronic payments out2

    Charges

    First 100 a month are free / £0.20 each after that

    Payment type

    Cash payments (in or out)

    Charges

    £0.85 for every £100 at an Immediate Deposit Machine / £1.50 for every £100 over the counter

    Payment type

    Cheques (in or out, any amount)

    Charges

    £0.85 at an Immediate Deposit Machine / £1 over the counter

    Payment type

    Credit paid in at branch or ATM

    Charges

    £0.85

    Payment type

    Credit paid in at an Immediate Deposit Machine, Automated Deposit Machine, through the app 

    Charges

    Free

    Payment type

    BACS

    Charges

    File submission: £5.50

    BACS Item: £0.15 (a set up fee may apply)

    Payment type

    CHAPS

    Charges

    £30

    Payment type

    Sending and receiving money abroad 

    Charges

    Payment type

    Balances below £0 (going overdrawn)

    Charges

    Payment type

    Other account services

    Charges

    2Electronic payments include:

    • Direct Debits
    • Standing Orders
    • Faster Payments Debits
    • Internet/Phonebank Debits
    • Internet Bulk Payments.

    No credit interest is payable on this account.

    See the full account rates and charges (PDF, 666KB) and product terms and conditions.

    Estimate with our calculator how much your business account could cost per month after the first year.

    UK Finance business account opening guide

  • To open your business account, you’ll need:​ 

    • A copy or photograph of your signature​ 
    • A UK driving licence or passport
    • The name, date of birth and three-year personal address history (including month and year of moving dates), mobile number and email address for everyone connected to the account.​ 
    • Your business name, address, details of your activities and estimated annual turnover​ 
    • For limited company accounts, Companies House must be up to date before we can progress an application. Please allow four days from the date of Companies House registration before applying online or over the phone. 

  • Switching your bank account and get benefits such as:

    • Separate business from personal transactions to make business accounting easier​ 
    • Access expert resources and support to grow your business skills 
    • Manage your accounts using online business banking.​ 

  • If you’ve already started an online application, you can continue or check the status of your application at any time using the log on button in your welcome email, which you’ll get once you’ve provided your personal details. 

  • Yes, you can easily switch your current business account to a Lloyds Bank business account using the Current Account Switching Service. Once you’ve given us your details, you can sit back and we’ll manage the rest for you.

  • The Current Account Switch Service lets you switch your current account from one bank or building society to another in just seven working days. It's simple, reliable, and stress-free. We move everything over to your new account, redirect any payments sent to the old account, and make sure your old account is closed.

    • The service is free to use and you can choose and agree your switch date with us.
    • We will take care of moving all your payments going out (for example, your Direct Debits and standing orders) and those coming in (for example, your salary).
    • If you have money in your old account, we will transfer it to your new account on your switch date.
    • We will arrange for payments accidentally made to your old account to be automatically redirected to your new account. We will also contact the sender and give them your new account details.
    • If there are any issues in making the switch, we will contact you before your switch date.
    • If anything goes wrong with the switch, as soon as we are told, we will refund any interest (paid or lost) and charges made on either your old or new current accounts as a result of this failure.

    Read the account switching guide (PDF, 280 KB)

    Crystal Mark 20785 Clarity approved by Plain English Campaign

  • The Current Account Switch Service is a fast and simple way to switch your Business Account to us. 

    Before using the service, check it’s right for you. Your business must:

    • have an annual turnover below £6.5 million
    • employ fewer than 50 people. 

    You’ll also need to check that your existing bank is signed up to the service. Over 50 banks and building societies take part in the Current Account Switch Service - view the full list here.  

    Got a different question? Check the Current Account Switch Service FAQ page.

Tools and support at your fingertips to help your business grow

Be clever with your cash

Invest in your future with a business savings account. Start small and earn interest from day one.

Business savings accounts

Flexible borrowing with a Business Overdraft

Whether you need help getting your business off the ground, managing your cash flow or to cover unexpected costs, our Business Overdraft can give you the flexible financial support your business needs.

Business Overdraft

Do business globally 

Make and receive payments in 38 currencies, making it easier to do business internationally.

International payments

Independent service quality survey results

Business current accounts

Published August 2025

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

Business current accounts overall service quality survey results: 1st monzo 85%, 2nd Mettle 82%, 3rd Starling Bank 81%, 4th Handelsbanken 76%, 5th Tide 72%, equal 10th Lloyds Bank 59%

View the full set of results

The requirement to publish the Financial Conduct Authority Service Quality Information for business current accounts can be found here