Open a Business Account for start ups

1. About this offer

If you open a qualifying Lloyds Business Account and meet Xero’s conditions set out below, Xero are offering Lloyds business customers 6 months’ free access to Xero accounting software (the “Subscription Offer”, and the opportunity to receive an Amazon gift card worth £200 (the “Gift Card Offer”)(and together referred to as the “Offer”).

The Offer is available from 14 July 2026 and will end at 23:59 on 31 March 2027.

2. What is a qualifying Lloyds Business Account?

The Offer is provided by Xero if you are:

• A UK business customer who is:
  • a new customer opening a Business Account, including where you switch an account from another bank
  • an existing customer opening a Business Account for a new business
  • opening more than one Business Account for separate new businesses, in which case the Offer will apply to each eligible new account

You can still open the following account types with us, but Xero’s Offer is not available for:

• Charity and Community Accounts
• Secondary Accounts
• Accounts for businesses with turnover over £3m 

3. What are Xero’s Offer conditions?

The Offer is brought to you by Xero, not Lloyds. We are simply letting you know about it because Xero wanted to make it available to our customers. If you decide to accept Xero’s Offer, you will be entering into an agreement directly with Xero, and they will ask you to accept their own terms and conditions for the products/services they provide. This is separate from any relationship you have with us, and we are not responsible for the Offer or anything arising from it.

Full details of Xero’s offer are available on their website.

These are the key conditions we think you should know about before you decide to accept Xero’s Offer:

Eligibility Criteria

• You must be a new customer of Xero and also open a qualifying Lloyds Business Account. The Offer is limited to one Xero offer per qualifying Lloyds Business Account. 
• You must be purchasing your first subscription on Xero using the link provided to you in the email you will receive when you open a qualifying Business Account. You will not be eligible for this Offer if you have previously trialled or subscribed to Xero.  This includes if you have an existing or cancelled account with Xero.  
• You will have until 23:59 on 31 March 2027 to purchase your first subscription through Xero.
• The Offer is not available to Accountants or bookkeepers who purchase subscriptions for their clients.

Subscription Offer

• The 100% fee-free discount applies to Xero's price for its Simple, Ignite, Grow, Comprehensive and Ultimate plan subscriptions only. The 100% fee-free only applies to the subscription fee based on the subscription type you have selected and does not apply to additional charges for add-ons, usage, or payment fees.  The Offer cannot be used in conjunction with any other Xero plan offer and cannot be exchanged for any other Xero offer. 
• At the end of the Subscription Offer period (i.e. after the 6 month fee-free period), your subscription with Xero will be charged at Xero’s standard rates applicable at that time, for the plan you selected and will auto-renew monthly until cancelled.  You can cancel your Xero subscription through Xero (Cancel a subscription – Xero Central) but please be aware that under Xero’s current terms, you must give Xero one month’s notice to cancel, but you can do so at any time.  Cancelling your Xero subscription does not impact the availability of your Lloyds Business Account(s). 

Gift Card Offer

• Xero have separate terms and conditions relating to the Gift Card Offer.
• To be eligible for the gift card, you must connect your Lloyds Business Account to Xero within 7 months of subscribing.  
• You are not eligible for the £200 Amazon Gift Card if you select Xero’s Simple plan or are on the Simple Plan when the promotion ends and your first paid monthly payment is collected.
• Eligible customers will receive an email from Xero within approximately 10 days of the first paid monthly payment being collected containing access to a link to redeem the £200 Amazon gift card. There is no cash alternative to the gift card.
• You must redeem the gift card within 30 days from the date of receiving the redemption email. After this time, the promotional link will expire and will not be replaced.
• Xero use a third party to provide the gift card and you may need to enter into an agreement directly with Xero’s third-party provider, and that third party provider may ask you to accept their own terms and conditions for the products/services they provide. 

Other important information

• Xero reserves the right to share the information you submit as part of the Offer when subscribing with Xero with Xero’s referral partners for the purposes of promotion attribution, fulfilment, and reconciliation, in accordance with Xero's privacy notice. Further details can be found here.
• Any gift card is provided as a business account promotional incentive. The recipient is responsible for determining and accounting for any tax liability arising from receipt or use of the gift card. Neither Lloyds nor Xero provides tax advice. Recipients should seek their own advice where required.

4. What else you need to know

Your Lloyds Business Account is subject to the account terms and conditions. Fees and charges may apply and all our Business Accounts are subject to our usual eligibility checks and approval criteria when opening your new Business Account.

Once your qualifying Business Account is open, we’ll contact you to explain how to redeem the Xero offer and provide a dedicated link that you must use to access the Offer from Xero.

Xero’s Offer is designed for customers who open the Lloyds Business Account through our online application. If something means your account ends up being opened offline after you started applying online, don't worry - you will still be eligible as long as you meet the offer conditions.