Meet your new Business Account

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. 

If you run a small business, there are various benefits to having a business bank account with Lloyds Bank:​ 

• 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. Find out more about switching bank accounts. 

In-branch cash and deposit machines, for notes and cheques. Limits and charges will apply.

Other options:

• Withdraw cash, notes only, from any LINK ATM. Most don't charge a fee.
• Withdraw or deposit coins and notes at Post Offices or Banking Hubs. Limits and charges will apply.
• You can find out about your options on LINK's Cash Locator. 
• Some locations charge a fee to make a withdrawal or deposit. If they do, it'll be clearly signed in store and on the machine. You'll be able to cancel the transaction if you don't want to pay the charge. 

We work with LINK to carry out assessments of places which might need better cash access services.

Concerned about access to cash in your area?

Link may have already looked at your area and made a recommendation to make things better. 

If not, you can request an access to cash assessment in your area. 

Want to know how decisions are made about cash?

Find out more about LINK’s process. 

We have designed the Current Account Switch Service to let you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. It will only take seven working days. As your new current-account provider we offer the following guarantee.

• 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)

The Current Account Switch Service is a fast and simple way to switch your Business Account to us. It’s available for UK current accounts held with participating banks and is typically used by small businesses and charities.

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

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

It is only available for Sterling Current Accounts. 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.

You can apply for an account in minutes. On-the-go? Download the app and apply from anywhere in the UK. Discover our mobile app.

Or you can apply using the website. Apply online now.

To open your business bank account, you’ll need a few documents to hand. 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 photo of your face and your signature
• a form of ID such as a UK driving license or passport, and possibly some other documents.

If you’re applying for an account for a limited company bank account, Companies House must be up to date before we can progress your application. Please allow four days from the date of your Companies House registration before applying to open a business bank account. 

You can open a Business Account with us if you’re a sole trader or the director of a limited company.

We have other types of accounts for schools and for charities and community organisations.

Read more and check if your business can apply.