Business Current Account

Features and benefits

  • 12 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 12-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.


A fixed fee for operating your account.

A fixed fee for operating your account.

Monthly feeA fixed fee for operating your account.


A fixed fee for operating your account.

Electronic payments (in or out)Includes online, automated and debit card payments


A fixed fee for operating your account.

Cash payments (in or out)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

A fixed fee for operating your account.

Cheques you paid into or withdraw from your account.

Anything over £1500 per month

£0.90 per £100

A fixed fee for operating your account.

Cheques (in or out)Any cheque payment made in or out of your current account made via a branch counter, Immediate Deposit Machine, or bulk or other cheque deposit service including cheque imaging via the Business Mobile Banking App.


A fixed fee for operating your account.

Credit inCredit in is a fee charged when paying in a credit of cheques and/or cash at the branch counter, or through other cheque/cash deposit services. We do not charge a credit in fee when you deposit via an Immediate Deposit Machine, depositpoint™, Night Safe, Business Mobile Banking App cheque imaging or Post Office® counters.


Apply for a Business Current Account

How to apply

We’ve taken the difficult decision to temporarily stop accepting new business account applications to ensure colleagues can continue to provide vital support to existing customers at this unprecedented time. This also applies to any applications that have already started.

This is undoubtedly going to cause a level of inconvenience, but please be reassured that we’ll either contact you to continue your application, or reinstate the ability to accept new account applications at the earliest opportunity. Thank you for your understanding at this time. 

Changes to this account

In May, we delayed some changes to our Business Current Account charges. These will now take effect on 10 October 2020 and you can read more about them here.

  • 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.

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.

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.

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.

1 Applies to small businesses, including individuals setting up their first business bank account.
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.
**You will need iOS or Android. The app is not compatible with some older versions of the operating systems – check the Apple App Store or Google Play . Business Internet Banking Registration Required. Terms & Conditions Apply.
***Occasionally we may need to carry out essential maintenance, resulting in some interruption to service.
Lloyds Bank Business Insurance Services are arranged and administered by Arthur J. Gallagher Insurance Brokers Limited which sources products from a panel of insurers. Arthur J. Gallagher Insurance Brokers Limited, registered office: Spectrum Building, 7th Floor, 55 Blythswood Street, Glasgow, G2 7AT. Registered in Scotland. Company Number: SC108909. Authorised and regulated by the Financial Conduct Authority (Firm Reference Number: 311786). The Lloyds Bank brand and logo are used under licence.
Cashpoint ® is a registered trademark of Lloyds Bank plc.
Cardnet® is a registered trademark of Lloyds Bank plc.