Faster Payments

Electronic payments online, over the phone or in branch. Payments arrive immediately but can sometimes take up to two hours.

Make a Faster Payment

Make a Faster Payment

Log on to Online for Business to make a Faster Payment.

Log on

Key features and benefits

  • Simple and quick way to send and receive money
  • Instant payment- funds arrive within 2 hours
  • Schedule payments in advance
  • Make a payment online, over the phone or in branch

What we’ll need to know

To make a Faster Payment you’ll need the following information from your recipient;

  • Sort Code
  • Account number
  • Full name or Company name 

  • Charges for making Faster Payments will apply, depending on the Business Account tariff that you have.
     

    Our Payment Charges

    Internet Banking platform

    Faster Payment outbound cost

    Internet Banking platform

    Online for Business

    For clients with a turnover of £0-3m

    Business Current Account

    Faster Payment outbound cost

    Free

    Internet Banking platform

    Online for Business

    For clients with a turnover of £3-25m

    Business Extra Tariff

    Faster Payment outbound cost

    £0.32

    Internet Banking platform

    Online for Business

    For clients with a turnover of £3-25m

    Electronic Business Tariff

    Faster Payment outbound cost

    Free

    Internet Banking platform

    Commercial Banking Online

    Faster Payment outbound cost

    £5

  • Cut off times apply to Faster Payments.
     

    Our Payment Charges

    Internet Banking Platform

    Cut off time

    Internet Banking Platform

    Online for Business

    Cut off time

    22:00

    Internet Banking Platform

    Telephone Banking

    Cut off time

    22:00

    Internet Banking Platform

    Commercial Banking Online

    Cut off time

    23:55

    When payments are made after the cut off time funds will be credited the next business day.

Commercial Banking Online Users

Commercial Banking Online Users

For clients registered for Commercial Banking Online log on to make a Faster Payment.

Log on

Make a Faster Payment

Log on to Online for Business, select the account you want to send money from and then click ‘Payments and Transfers’.

If you aren’t registered, register now.

Log on

Log on for Commercial Banking Online users

Other Payments Solutions

If your business turnover is between £0-3m

Payment services

If your business turnover is between £3-25m

Payment services

Payment on the phone or in branch

On the phone

0345 072 5555

From abroad
+44(0) 1733 347 338

Our automated system is available 24 hours a day, 7 days a week.

Our Business Advisers will be available Monday to Friday - 7am to 8pm and Saturday -  9am to 2pm except on UK bank holidays.

In branch

Visit your local branch for information.

Find your nearest branch

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.

The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.

Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.

We adhere to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk.

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.