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Whether you’re starting out or already trading, we have a simple Business Current Account to support your ambition – with dedicated business support when you need it.
Get your business off to the best possible start with our simple current account.
Switch to us for a simple Business Current Account that lets you focus on growing your business.
Published August 2019
As part of a regulatory requirement, an independent survey was conducted to ask customers of the 14 largest business current account providers if they would recommend their provider to other small and medium-sized enterprises (SMEs*).
We asked customers how likely they would be to recommend their business current account provider to other SMEs.
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.
For organisations such as clubs, societies or charities, the following guide brings you the essential details and documents you will need to open your account.
See how our products and support services are rated by UK businesses in an independent survey.
Review alternative sources of business finance and compare products and services.
1 Applies to small businesses, including individuals setting up their first business bank account.
2 Six months’ free day-to-day business banking for customers when switching from a business account held elsewhere.
3 Free 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.
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.
Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 0207 626 1500.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 119278.
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.
Lloyds Bank plc is an introducer to Arthur J. Gallagher Insurance Brokers Limited who arrange and administer Lloyds Bank Business Insurance Services and source products from a panel of insurers.
While all reasonable care has been taken to ensure that the information provided is correct, no liability is accepted by Lloyds Bank for any loss or damage caused to any person relying on any statement or omission. This is for information only and should not be relied upon as offering advice for any set of circumstances. Specific advice should always be sought in each instance.