Change your business address
If you're a full access user, you can update your business, registered, mailing and personal addresses within Online for Business and the Business banking app.
Business bank account
Open a business bank account by 15 October. Get big rewards.
- Unlock a £200 boost, free Xero software for 6 months and a £200 Amazon gift card.*
- No monthly account fee for a year, then £10 a month.
Why open a business bank account with Lloyds?
There’s lots of reasons to get a business bank account with Lloyds, whether you’re applying for an established business, limited company, small business or start-up.
Limited time: Get our best Business Account offer yet
Open a Business Account by 15 October for a 6-months free Xero subscription and up to £400 rewards.
Get a Business Account that works as hard as you
How to apply for a Business Account
Who can apply for a Business Account
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Who can apply for a business bank account in the UK?
Anyone can apply for a business bank account as long as they are at least 18 years old, a UK resident with a UK mobile phone number, and they run a business from a UK address.
The Lloyds Business Account is for:
- established businesses, limited companies, start ups and sole traders
- businesses based in the UK with an annual turnover below £25 million
- business owners or directors who want to apply online and bank in the app
- businesses looking for clear costs, reliability and a bank account that grows with them.
If your turnover less than £3 million a year, apply for a Business Account online or switch to Lloyds using the Current Account Switching Service (CASS).
Turnover of £3 million to £25 million? Let's help you switch
Can I apply for a Business Account before I start trading?
Yes, you can apply for a business bank account before your start-up business begins trading. Usually, you’ll need to be the owner or director of the business, be a UK resident, be able to share your ID, and be able to explain what your business does or plans to do. But you don’t need to show existing business income or accounts if your business isn’t trading yet.
How long does it take to open a business bank account?
It can take as little as 20 minutes to start and finish a Lloyds Business Account application, and your account could be open in just 24 hours.
In some cases, we may need extra information to open your business bank account - if this happens, it may take longer to set up your business current account.
What do I need to apply for a Business Account?
Get your documents ready before you get started with your application.
You’ll need:
- a copy or photograph of your signature on a white background
- a UK driving licence or passport
- your name, date of birth and three-year personal address history (including month and year of moving dates)
- mobile number and email address for everyone connected to the account
- your business name, address, details of your activities and estimated annual turnover.
For limited companies, Companies House must be up to date before we can progress an application. If you’ve registered or made changes with Companies House, you’ll need to wait 4 days before applying for a Business Account.
How do I apply for my account?
You can apply online for a Business Account if your estimated turnover for the next 12 months is under £3 million. The application usually takes around 20 minutes, and your account could be open in just 24 hours. We’ll keep you updated on progress - if we need additional information, it may take longer to open your business bank account.
Apply using the website. Apply online now
Download the app from the Apple App Store or Google Play store to apply online from anywhere in the UK. Or get your download link sent to you by text. Send me a download link
Can I return to my application to continue with it or check the status?
If you’ve already started an online application, you can continue or check the status of your application at any time using the 'log on' button in your welcome email, which you’ll get once you’ve shared your personal details.
Take the next step with your Business Account
Frequently asked questions
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The Lloyds Business Account can be used by businesses with a turnover up to £25 million, and is available for limited companies, established businesses, start-ups and sole traders. If you’re the director of a limited company or public limited company (PLC), a business bank account is a legal must-have for trading in the UK.
Not sure if you need a business bank account? Read the guide
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You can manage your Lloyds Business Account using online banking (Online for Business) or the business bank app. Make payments, pay in cheques, share receipts, see upcoming and scheduled payments, get payment alerts and view digital statements.
This table compares business account features available on desktop and in the business banking app. Features
On desktop
In the app
Features
View your Business Account, credit cards, charge cards, loans and savings
On desktop
✔
In the app
✔
Features
View balances, transactions, and statements
On desktop
✔
In the app
✔
Features
Order a cheque book, credit book, debit card
On desktop
✔
In the app
✔
In chatFeatures
Add or remove account signatories
On desktop
✔
In the app
✔
Features
Rename accounts
On desktop
✔
In the app
Features
Stop a cheque
On desktop
✔
In the app
✔
In chatFeatures
View and print recent transactions
On desktop
✔
In the app
Features
Go paper-free with the Digital Inbox
On desktop
✔
In the app
✔
Features
Use our virtual assistant or chat to a live agent
On desktop
✔
In the app
✔
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1 million UK business choose Lloyds. Not just because we’re multi-award winning, but because we offer a host of benefits.
- 24/7 online and mobile banking support.
- No monthly fee for the first 12 months, then £10 a month if it’s your first Business Account with us.
- Make and receive international payments online and in the app.
- Add business partners, employees or accountants and set their access levels (full, delegate or view-only).
- Check payment alerts and digital statements.
- Access business support and resources.
- Explore additional business bank services including Business Overdrafts, other lending and savings.
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Lloyds Business Bank Account fees and charges. Payment type
Charges
Payment type
Monthly account fee
Charges
Free for the first 12 months, then £10 a month.
This introductory offer on the monthly account fee is only available for first-time Lloyds Business Accounts.Payment type
Electronic payments in2
Charges
Included at no extra cost
Payment type
Electronic payments out2
Charges
Included at no extra cost
Payment type
Cash payments (in or out)
Charges
£0.85 for every £100 at an Immediate Deposit Machine / £1.60 for every £100 over the counter
Payment type
Cheques (in or out, any amount)
Charges
£0.85 at an Immediate Deposit Machine or through the app / £1.20 over the counter
Payment type
Credit paid in at branch or ATM
Charges
£0.85
Payment type
Credit paid in at an Immediate Deposit Machine, Automated Deposit Machine, through the app
Charges
No fee
Payment type
BACS
Charges
File submission: £5.50
BACS Item: £0.15 (a set up fee may apply)
Payment type
CHAPS
Charges
£30
Payment type
Sending and receiving money abroad
Charges
Payment type
Balances below £0 (going overdrawn)
Charges
Payment type
Other account services
Charges
No credit interest is payable on this account.
See the full account rates and charges (PDF, 222KB) and product terms and conditions.
Estimate with our calculator how much your business account could cost per month after the first year.
More business bank accounts and products
Independent service quality survey results
Business current accounts
Published August 2026
As part of a regulatory requirement, an independent survey was conducted to ask approximately 1,200 customers of each of the 17 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.
*SMEs include businesses, clubs, charities and societies with an annual turnover/income of up to £25m (exclusive of VAT and other turnover-related taxes).
Ranking
The requirement to publish the Financial Conduct Authority Service Quality Information for business current accounts can be found here