Our Business Account charges will change from 10 October 2020

Earlier this year, we put some changes to our Business Current Account charges on hold. The monthly account fee and transaction charges will now change from 10 October 2020.

Please take the time to read the information below and share with anyone else in your organisation who needs to be aware of the changes

You'll find updated documents in our Product Terms and Conditions page.

Business Current Account Charges

Day-to-day payments

These charges will come into effect when any introductory free banking period ends.

Table of business current account charges

Charge Type

Current Charge

Charges from 10 October 2020

Charge Type

Monthly Account Fee

Current Charge

£6.50

Charges from 10 October 2020

£7

Charge Type

Cash (in or out)

Current Charge

£1 (per £100) for the first £1,500 per month

£0.80 (per £100) for anything over £1,500 per month

Charges from 10 October 2020

£1 (per £100) for the first £1,500 per month

£0.90 (per £100) for anything over £1,500 per month

Charge Type

Cheques (in or out)

Current Charge

£0.65

Charges from 10 October 2020

£0.85

Charge Type

Credit in fee

Current Charge

£0.65

Charges from 10 October 2020

£0.85

Coin and Cash Exchange – From 10 October, we’ll charge £1.65 per £100 when you exchange coin and cash at our branch counters or the Post Office®.

We have removed the credit in fee charged for depositpointTM from 10 May.

Important legal information

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.

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.