After submitting your application we will check we have all the information we need and we will contact you if anything is missing. Then, it will usually take us up to 6 weeks to open your account.

Apply for a Business Current Account

Access your account on the go anytime with our business mobile app2.

Apply now

The business account that helps you succeed

Access your account however it suits you

Products to support your business

12 months free day-to-day banking¹

Dedicated support from our business management team

Useful guides and practical business tools

Simple pricing plan with free electronic payments

  • The Business Account for new businesses was designed to help you succeed.

    • Simple pricing plan. Roll onto our simple pricing plan once your 12 month free day-to-day banking¹ period ends.
    • No fees for electronic payments. Make and receive payments electronically for free.
    • Standard monthly account fees. A monthly fee of £7.00 applies after the 12 month free banking period.
    • Free ATM withdrawals. Need cash? Make unlimited ATM withdrawals for free.
    • No fees for purchases. Make purchases with your debit card for free.
    • Low cash payments fees. Standard fees of £1 per £100 for the first £1500 per month, then £0.90 per £100 apply.
    • Deposit cheques. Deposit cheques in branch, by post or online. Standard fees of £0.85 per cheque applies (in or out).
    • Making account management easy. Set up direct debits and standing orders
    • Deposit credit. Pay in cash at one of our branches or post offices. Standard fees of £0.85 applies for credit in.
    • Dedicated business management team. Our UK based team is here to help you navigate your needs.
    • Stay informed. Set up real-time notifications for transactions so you can stay on top of things.
  • Eligibility

    To qualify for this account you must require the account for business use, be a sole trader, partner or company director and aged 18 or over and have a turnover between £0-3 million.

    Terms and conditions

    Find out more about our terms and conditions.

    Financial Services Compensation Scheme

    Eligible deposits with Lloyds Bank plc are protected up to a total of £85,000. Due to FSCS eligibility criteria not all business customers will be covered.

    More about FSCS

    UK Finance business account opening guide

    We have worked with other providers of UK business banking accounts to help you prepare by agreeing a basic set of information that we’ll need from you.

    UK Finance business account opening guide

Independent service quality survey results

Business Current Accounts

Published February 2022

As part of a regulatory requirement, an independent survey was conducted to ask approximately 1,200 customers of the 14 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.


Starling Bank 86%
Handelsbanken 75%
Metro Bank 68%
Santander 61%
Barclays 58%
Lloyds Bank 56%

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

1Free day-to-day business banking includes cheques, standing orders, cash, UK Sterling Direct Debits, deposits and withdrawals. All we ask is that you operate your account in credit or within agreed limits. Free electronic payments include UK Sterling Direct Debits, Standing Orders, Debit Card Transactions, Lloyds Bank/Other Bank ATM Withdrawals, Internet/Phonebank Debits/Credits, Faster Payment Debits/Credits, Internet Bulk Payments and Automated Credits.

2You'll need iOS or Android. The app is not compatible with some older versions of these operating systems. Please check the Apple App Store or Google Play. You'll need to have registered for Online for Business. Terms and conditions apply.

Important legal information

Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service. Please note that any data sent via e-mail is not secure and could be read by others.

Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278. Telephone: 020 7626 1500

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.