LLOYDS BANK DIRECT INVESTMENTSShare Dealing Account

Open a Share Dealing Account and you could start trading shares within minutes. This account will suit you if you want to deal day-to-day, without the hassle of paperwork. We hold your shares electronically and take care of all the administration, giving you more time to research the investments that interest you.

If you have not already used up your ISA allowance, or invested in another Stocks and Shares ISA this tax year, you might want to consider opening a Share Dealing ISA with us. This is similar to opening a Share Dealing Account, except that you will not be taxed on any profit you may make on your investments - as long as the amount you invest is within the annual ISA allowance of £20,000.

View our Share Dealing ISA

Before you invest for the first time it is important to understand the basics. We’ve put together a guide to investments that we hope will clarify some of the broader benefits and risks.

Read our guideon the basics of investing.

You can use our market research tools to find potential investments, research markets, economies or maybe just to learn more about trading on the stock market.

What can I do on Shares Centre?

• Get share prices
• Interact with market analysis tools
• Read the latest stock market news
• See the market's top risers and fallers
• Check when dividends are paid

What can I do on Funds Centre?

• Filter through thousands of funds with ease
• Read the latest articles about funds
• Compare funds against each other
• Find out the risk rating of funds
• Understand what investments make up your fund

What can I do on the Markets and Insights hub?

• Check the latest headlines
• See how world markets are performing
• Read the latest market and company news
• Find out the latest updates on world currencies
• Understand what's happening on the world’s economies

You can choose from over 2,000 funds that invest across asset classes, geographical regions and sectors.

You can:

• access a wide range of funds through your Share Dealing Account
• enjoy low initial charges of only 0.5% with most fund managers
• search by asset class, geographical region or sector

Find out moreabout the Funds supermarket

Our share dealing guides cover a variety of topics, from the basics of investing to information on investment risk and financial planning.

New to share dealing

Understanding risk

Investment products explained

Jargon buster

Whether you want to make a substantial investment in one go or invest a little every month, you can add money to your Share Dealing Account in one of three ways:

1. Debit card: Make immediate payments with your debit card. Just go to the Fund and Withdraw section of Account Management when you log on to Online Share Dealing. Or you call us on 0345 606 0560Call telephone number 0345 606 0560 (Calls will be monitored and recorded. Call costs may vary depending on your service provider), 8am–9pm Monday–Friday, 9am - 1pm Saturday. If you need to call us from abroad, or prefer not to use the 0345 number, you can call us on +44 (0) 113 279 7518Call telephone number +44 (0) 113 279 7518.
2. Bank transfer: Make one-off bank transfers from your nominated bank account from our payments screen.
3. Direct Debit: If you want to add money to your Share Dealing account every month, perhaps as part of a regular investments plan, you can set up a Direct Debit.
   
   Direct Debit Instruction form (PDF)Opens in a new browser window
   
   Once you have completed the form please send to the following address:
   
   Lloyds Bank Direct Investments
   Lovell Park Road
   Leeds
   LS1 1NS

If you want to transfer your existing share holdings to us, you can either transfer your existing share certificates, or transfer your shares from another broker. Here is how to do it:

Transfer your existing share certificates

Once you’ve opened a Share Dealing Account, you will need to:

1. Complete and sign the following forms. Please note that you’ll need to complete a CREST transfer form for each share certificate you wish to transfer.
   
   Transfer form A (PDF)Opens in a new browser window
   CREST transfer form (PDF)Opens in a new browser window
2. Send the completed forms and your share certificate(s) to us at: The Stock Administration Department, Lloyds Bank Direct Investments, Lovell Park Road, Leeds, LS1 1NS.

Transferring shares from another broker

Once you’ve opened a Share Dealing Account, you will need to:

1. Open a Lloyds Bank Share Dealing Account
2. Log on and complete our online transfer form, then just print it, sign and post it to the address on the transfer form and we will get in touch with your existing broker to start the transfer.
   
   If you don’t have access to a printer we can post your transfer form to you, just click ‘please post my form to me’ once you’ve completed the form.

Here are few things to keep in mind before you transfer your shares holdings to us:

• You will be unable to trade any stocks while they are being deposited into your account. I’m afraid we can’t accept liability for any trading opportunities you might miss during the transfer.
• We will do our best to make sure that every transfer is completed as quickly as possible. However, the timescale is largely dependent on your existing broker and the registrars of each stock held. Typically it takes around 2 – 3 weeks to transfer UK shares and 6 - 8 weeks for funds or international shares.
• Your existing broker may charge you a transfer fee.

Dealing costs

We charge a dealing commission every time you buy or sell shares, whether on the phone or online.

• If you trade stocks online we charge £11 per deal, or £8 if you trade 8 or more times every quarter.
• If you trade funds online we charge £1.50 per deal.
• If you trade stocks or funds on the phone we charge £35 per deal.

Administration charges

We charge you £20 every six months to cover the cost of administering your Share Dealing Account. However, if you also have a Share Dealing ISA, we'll waive the administration charge for your Share Dealing Account.

How we collect the charges

We’ll normally collect charges from any cash held in your account. If there's not enough money in your Lloyds Bank Share Dealing account, we'll collect this from your nominated bank account.

For full details of our rates and charges and more details on how our frequent trader discount works, visit our rates and charges page.

Rates and charges

If you are a Premier or Private Banking customer you can benefit from our reduced dealing commission rates for trades online or by phone, and a reduced account administration charge.

• If you trade stocks online we charge £10 per deal, or £8 if you trade 8 or more times every quarter.
• If you trade funds online we charge £1.50 per deal.
• If you trade stocks or funds on the phone we charge £25 per deal.

We charge you £10 every six months to cover the cost of administering your Share Dealing Account. However, if you also have a Share Dealing ISA we’ll waive the administration charge for your Share Dealing Account.

In order to receive the discounted rate, you will need to enter a promotional code which will be provided with your Premier Account Welcome Pack or by your Private Banking Relationship Manager.

Premier and Private Banking customer rates and charges

Terms and Conditions (PDF)Opens in a new browser window.

Order Execution Policy (PDF)Opens in a new browser window.

Summary of Conflicts of Interest Policy (PDF)Opens in a new browser window.

Direct Investments Brochure (PDF)