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Business Current Account

Features and benefits

  • 18 months’ free day-to-day³ business banking for new businesses¹
  • Simple pricing and free electronic payments
  • Dedicated support from our UK-based business management team
  • Mobile Business Banking app to access your accounts on the move
  • Regularly updated guides and tools for running your business.

Keep in mind

  • For free business banking you need to operate your account in credit, or within your agreed overdraft limit.
  • Free banking includes no monthly account fee, electronic payments, cheques and cash withdrawals/deposits.
  • To qualify for this account you need to be a sole trader, partner or company director and be aged 18 or over.

Payment Service Providers

If you are a Payment Service Provider, find out how you can qualify for Indirect Payment System Access.


When your 18-month free banking period ends, the simple pricing below will apply. There is no charge for electronic payments, including withdrawing money from a Cashpoint® or paying by Debit Card.

Estimate how much your current account could cost you with our calculator.

Monthly feeClose
A fixed fee for operating your account.
Electronic payments (in or out)Close
Includes online, automated and debit card payments
Cash payments (in or out)Close
Cash you pay into or withdraw from your account using our branch counter or deposit machine. We don’t charge for ATM withdrawals
The first £1500 per month £1 per £100
Anything over £1500 per month £0.80 per £100
Cheques (in or out)Close
Cheques you paid into or withdraw from your account.
Credit inClose
Credit in is a fee charged when paying in a credit of any combination of cheques or cash at the branch counter or depositpoint™. We do not charge a credit in fee when you use an Immediate Deposit Machine or Night Safe.

Support to run and grow your business

We have some great product offers designed for new businesses:

  • We offer all kinds of financial support, from business loans and hire purchase to overdrafts, invoice finance and credit cards. We approve 8 out of 10 lending applications.
  • Business insurance – leading UK broker Arthur J Gallagher searches a wide range of insurers to find the right cover for the right price. Our customers can choose to benefit from a 2-year fixed premium with selected insurers.
  • Lloyds Bank Cardnet® allows you to accept card payments in person, online or by phone, with no Joining fees.

Help when you need it

Our UK-based business management team are on hand when you need them, available by phone to provide support and answer your business questions. They help around 100,000 businesses start up each year.

Internet Banking and text message alerts mean you can access your account 24/7, wherever you are. Our mobile app helps you keep track of your finances and make payments on the move.

Online Guides

Our suite of practical online guides are at your fingertips 24/7 to support your decision-making and business growth.

Business KnowledgeBox

  • Free, online collection of guides and factsheets
  • Includes market trends, sector insights and local area information
  • Updated regularly, download instantly and receive by email
  • You can access Business Knowledgebox when you are logged in to Online for Business using Google Chrome, Firefox, Internet Explorer 11, Microsoft Edge and Safari.

Opening a business current account is an important step for any business. To help you prepare, the following guide brings you the essential details and documents you will need to open your account.

Find out more

Apply for a Business Current Account

Apply online

Apply online

Apply by phone

0800 056 0056Call telephone number 0800 056 0056

Call us to talk to our business management team. We are available from 9am to 5pm Monday to Friday.

Making sure you get a fair deal

We want you to find a product that's right for your circumstances, which is why we adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board.

To find out more you can read the statement of responsibilities, which details what's expected of us, the lender and you the borrower.

Download the statement of responsibilities