Open a Business Account for start-ups
One million UK businesses already bank with us. Join them.
- Apply online in minutes.
- Instant decision on up to £5,000 credit.1
- First account with us? No account fee for a year then £8.50 per month.
- Keep control of your finances with free accounting software.
Get a bank account that works as hard as you
Complimentary accounting tools
Balance your books with free accounting software.
No account fee for a year
No account fee for 12 months if it’s your first Business Account with us.
Quick business credit
Borrow to grow your business. Get an instant decision on up to £5,000 credit1.
Complimentary accounting tools
Balance your books with free accounting software.
No account fee for a year
No account fee for 12 months if it’s your first Business Account with us.
Quick business credit
Borrow to grow your business. Get an instant decision on up to £5,000 credit1.
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.
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.
Stay on top of your books with our accounting tools
- Simplify your expenses and automate business admin tasks.
- Create and send professional invoices.
- Streamline your reporting. Send VAT returns directly to HMRC.
Build your business savings over time
Save and earn with a Savings Account
Once you’ve opened your Business Account, you can easily set aside money using one (or more) of our savings accounts. Build a financial back-up for your business and get your money working harder with competitive interest rates.
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 yourself
- your signature, and a form of ID such as a UK driving license or passport, and possibly some other documents.
Stay on top of your books with our accounting tools
- Simplify your expenses and automate business admin tasks.
- Create and send professional invoices.
- Streamline your reporting. Send VAT returns directly to HMRC.
Build your business savings over time
Save and earn with a Savings Account
Once you’ve opened your Business Account, you can easily set aside money using one (or more) of our savings accounts. Build a financial back-up for your business and get your money working harder with competitive interest rates.
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 yourself
- your signature, and a form of ID such as a UK driving license or passport, and possibly some other documents.
Business banking at your fingertips with our mobile app
Brilliant everyday banking features
- View all your accounts, search transactions and get paper-free statements.
- View or share payment receipts by email, WhatsApp, or SMS.
- Approve online debit card purchases.
Deposit cheques up to £10,000 and make payments up to £250,000 each day
Plan for upcoming payments
Conveniently view and manage your direct debits and standing orders so you can help stay on top of your business finances.
Log in with your fingerprint, Face ID, or your memorable information
Business banking at your fingertips with our mobile app
Brilliant everyday banking features
- View all your accounts, search transactions and get paper-free statements.
- View or share payment receipts by email, WhatsApp, or SMS.
- Approve online debit card purchases.
Deposit cheques up to £10,000 and make payments up to £250,000 each day
Log in with your fingerprint, Face ID, or your memorable information
Plan for upcoming payments
Conveniently view and manage your direct debits and standing orders so you can help stay on top of your business finances.
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.
Frequently asked questions
-
Find out more about our Business Account fees and charges.
Payment type
Charges
Payment type
Introductory offer
Charges
No monthly account fee for 12 months
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
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.
2Electronic payments include:
- Direct Debits
- Standing Orders
- Faster Payments Debits
- Internet/Phonebank Debits
- Internet Bulk Payments.
-
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 for a small business or start-up account, 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.
Frequently asked questions
-
Find out more about our Business Account fees and charges.
Payment type
Charges
Payment type
Introductory offer
Charges
No monthly account fee for 12 months
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
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.
2Electronic payments include:
- Direct Debits
- Standing Orders
- Faster Payments Debits
- Internet/Phonebank Debits
- Internet Bulk Payments.
-
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 for a small business or start-up account, 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.
See how we compare in the market
Review alternative sources of business finance and compare products and services.
Protecting your money
The Financial Services Compensation Scheme (FSCS) protects up to £85,000 of the eligible money you hold with us.
Join over one million businesses banking with us
Plan for the future with a business bank account that works as hard as you.
Independent service quality survey results
Business current accounts
Published February 2025
As part of a regulatory requirement, an independent survey was conducted to ask approximately 1,200 customers of each of the 16 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