Business Banking Electronic Tariff is no longer available to new customers.
If you are an existing Business Banking Electronic Tariff customer the following will still apply. If you regularly make transactions electronically – at ATMs, through internet banking or using automated payment tools like Faster Payments – the Business Banking Electronic Tariff may still be the right account for you. As long as you maintain a credit balance of £1 or more, this tariff ensures you pay less or nothing for these types of transactions.
Read through the tables below to see how you will be charged under our Business Banking Electronic Tariff. Keep in mind that our charging cycle runs from the 10th of the month to the 9th of the following month. Credit interest is not paid as standard on our Business Banking Electronic Tariff.
To see if you may be better off on our Business Current AccountOur Business Current account, take a look at the online calculator.
We charge an account maintenance fee of £5.50 a month to cover the basic administration costs of running your account.
|Transaction Type||Business Banking Electronic Tariff|
|UK Sterling Direct Debits4||Free|
|Business Debit Card transactions (excludes ATM)|
|Cash withdrawals from another bank’s ATM (Free from a Lloyds Banking Group Cashpoint® machine)5|
|Internet Bulk Payment – batch UK Sterling Direct Debit|
|Internet Banking and Phonebank® payment|
|Automated credit – Faster payments inbound|
|Automated credit (Telephone and Internet banking)|
|Internet Bulk Payment – per item1|
|Transfer to or from another Lloyds Bank Account in your name with a sort code starting with 30, 77 or 87|
|Cheques and Cash|
|Cheque paid in (or postal order)||40p|
|Cash paid in||95p per £100|
|Cash paid out at a Lloyds Bank counter2|
|Cash exchanged||£1.65 per £100|
|Other branch transactions|
|Credit paid in via a night safe||Free|
|Credit paid in at a Lloyds Bank Branch counter (including via an Immediate Deposit Machine)|
|Credit paid in at another bank|
|Other credit (including a CHAPS payment in)|
|BACS file - submitted||£4|
|BACS debit or credit item||Free|
|Telepay or Teledebit item||32p|
Correct as at 10th February 2015.
|Unauthorised borrowing fee||£15|
|Unpaid item||£35 for each item not paid|
The first time you go overdrawn or exceed your agreed limit with us by £50 or more, you may be charged an Unauthorised Borrowing Fee (UBF) of £15. After that, the UBF is applied every time you increase your unauthorised borrowing by £50 or more from the previous day's closing balance, unless a higher limit is agreed with us or until the account is within its existing limit or in credit.
We charge £35 each time we have to return a cheque unpaid or there is insufficient money in your account to pay a standing order or direct debit.
If you have an Islamic Business Account with us, you will move onto our Business Banking Electronic Tariff after your free banking3 period ends. You won’t pay credit interest on this tariff, and your money will continue to be managed in accordance with Shariah law.
We process payments made through an Islamic Business Account in different ways. Go to our page on Islamic Business Account chargesIslamic Business Account charges for more information.
Get information on rates and charges for our business overdrafts.
Take a look at our rates and charges for doing business abroad.
It takes less than 10 minutes to fill out our online application form. After we receive your application our business management team will contact you to discuss your application in more detail.
Apply onlineto switch to Lloyds Bank.
1This charge is in addition to the charges explained in your LloydsLink charges leaflet. Download our full list of the LloydsLink charges herePDF, opens in a new browser window
2 Includes using debit cards to withdraw cash over branch counters.
3 Free 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.
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.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.
Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 020 7626 1500.
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.
We subscribe to The Lending Code; copies of the Code can be obtained from www.lendingstandardsboard.org.ukVisit the Lending Standards Board website..
Cashpoint® is a registered UK trademark of Lloyds Bank plc.
PhoneBank® is a registered UK trademark of Lloyds Bank plc.