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Switch your business account to us

Features and benefits

  • Simple pricing and free electronic payments
  • 6 months’ free day-to-day³ business banking² when you switch
  • A guaranteed switch in 7 working days, from when your account is opened using the Current Account Switch Service (CASS)
  • Dedicated support from our UK-based business management team.

Current Account Switch Guarantee logo

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 6-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) and credit inClose
Credit in is a fee charged when paying in a credit of any combination of cheques or cash at the branch counter. We do not charge a credit in fee when you use an Immediate Deposit Machine or Night Safe.

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.

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.

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. There is no joining fee, card terminals starting at £15 per month and a 1.25% transaction charge (with a minimum £15 monthly charge).
  • Access to a range of international products and services to help you trade abroad with confidence.

Business guides

Business KnowledgeBox is our free collection of online guides and reports on everything from financial planning and legal issues to understanding your customers. Written by industry experts, download instantly or receive them by email.

Our dedicated switching team offer a simple and reliable service. With the Current Account Switch Service, we can move everything for you within 7 working days, or you can ask us to move individual payments and balances with the Transfer of Payment Arrangement Service.

We will:

  • Arrange for your old bank to close your previous account and transfer any credit balance to your new Lloyds Bank account
  • Transfer all incoming and outgoing payments within the seven working day guarantee
  • Redirect all payments to and from your old account to your new account for at least three years.

If anything goes wrong with the switch, as soon as we are told we will refund any interest or charges you have incurred on your old or new account as a result of a delay caused by us. This does not cover charges or interest resulting from required tasks you or your old bank do not complete.

For more information:

The Current Account Switch Guarantee ensures your current account will switch on a working day of your choice. Your payments will be automatically transferred and redirected to your new account, and in the unlikely event you incur any charges on your old or new bank account due to an error or delay, you will be refunded in full when this is brought to our attention.

Current Account Switch Guarantee logoCrystal Mark 20785 Clarity approved by Plain English Campaign

You can:

  • Specify the payments you would like us to transfer
  • Ask us to transfer any outstanding credit and/or debit balance from your old account
  • Choose whether or not you’d like us to arrange for your old bank to close your previous account.

On the phone

0800 022 4388Call telephone number 0800 022 4388

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

Request a branch appointment

Request appointmentat a branch

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Our commitment to British business

We're committed to helping British businesses grow and develop by giving them the support they need – our Business Charter will tell you more.

Mobile Banking App

Check statements and transfer funds on the move. It’s quick, easy and secure**.

Find out moreabout the mobile banking app

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Case study: Curtains Made For Free

North East-based Curtains Made For Free looks to further growth after switching to Lloyds Bank.

After your free banking period

Estimate how much your current account could cost you after your free banking period.


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