Lloyds Bank Business Current Accounts
Lloyds Bank, part of the Lloyds Banking Group, is one of the traditional ‘Big 4’ banks, offering personal and business accounts in England and Wales.
Lloyds offers a number of business current accounts – from a standard business account to one aimed specifically at Islamic businesses. Each comes with a variety of benefits and eligibility criteria detailed below.
Business Account Introductory
Our Business Account is designed for day-to-day banking – you’ll be able to make and receive payments, write cheques and manage your cash flow needs. It’s available to businesses with an annual turnover of up to £25million.
Features and benefits:
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Ways to bank
Bank online, with our mobile app, in branch or over the phone.
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Business help and support
Access to our Relationship Team for expert business support.
- Arranged overdraft
From £5000.01 to £10000.00 EAR: 16.48%
Business Account Introductory
Our Business Account is designed for day-to-day banking – you’ll be able to make and receive payments, write cheques and manage your cash flow needs. It’s available to businesses with an annual turnover of up to £25million.
Features and benefits:
-
Digital banking with no account fee for 12 months
After 12 months, a monthly account fee applies. Some fees and transaction charges will apply as soon as the account is open.This offer only applies to the business's first current account.
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Ways to bank
Bank online, with our mobile app, in branch or over the phone.
-
Business help and support
Access to our Relationship Team for expert business support.
- Arranged overdraft
From £5000.01 to £10000.00 EAR: 16.48%
Credit Union Account
We've designed a banking package specifically for community credit unions. Cash deposits are credited the same day and you’ll have immediate access to all cleared funds.
Features and benefits:
- Instant access to funds as long as cleared funds are available.
- Cheque and paying-in books available with one or more signatories.
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Ways to bank
You can manage your account online, over the phone or through our branch network.
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Free day-to-day banking*
*We do not charge for day-to-day banking on our Credit Union Account, however charges for CHAPS, International Payments and other service charges apply. Free day-to-day banking applies if you continue to meet our eligibility criteria, which means you must be a registered Credit Union. Information on other service charges that apply can be found in the relevant charges brochure.
Business Account Introductory
Our Business Account is designed for day-to-day banking – you’ll be able to make and receive payments, write cheques and manage your cash flow needs. It’s available to businesses with an annual turnover of up to £25million.
Features and benefits:
-
Ways to bank
Bank online, with our mobile app, in branch or over the phone.
-
Business help and support
Access to our Relationship Team for expert business support.
- Arranged overdraft
From £500.00 to £5000.00 EAR: 16.48%
Business Account Introductory
Our Business Account is designed for day-to-day banking – you’ll be able to make and receive payments, write cheques and manage your cash flow needs. It’s available to businesses with an annual turnover of up to £25million.
Features and benefits:
-
Digital banking with no account fee for 12 months
After 12 months, a monthly account fee applies. Some fees and transaction charges will apply as soon as the account is open.This offer only applies to the business's first current account.
-
Ways to bank
Bank online, with our mobile app, in branch or over the phone.
-
Business help and support
Access to our Relationship Team for expert business support.
- Arranged overdraft
From £500.00 to £5000.00 EAR: 16.48%
School Bank Account
Our School Bank Account has been designed for state-funded schools and academies.
Features and benefits:
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Free day-to-day banking *
*We do not charge for day-to-day banking on our School Bank Account, however charges for CHAPS, International Payments and other service charges apply. Free day-to-day banking applies if you continue to meet our eligibility criteria, which means you must be a state-funded school or academy. Information on other service charges that apply can be found in the relevant charges brochure.
- Earn interest on your cleared balance from account opening.
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Ways to bank
You can manage your account online, over the phone or through our branch network.
- Instant access to funds as long as cleared funds are available.
Business Account Standard
Our Business Account is designed for day-to-day banking – you’ll be able to make and receive payments, write cheques and manage your cash flow needs. It’s available to businesses with an annual turnover of up to £25million.
Features and benefits:
-
Ways to bank
Bank online, with our mobile app, in branch or over the phone.
-
Business help and support
Access to our Relationship Team for expert business support.
- Arranged overdraft
From £500.00 to £5000.00 EAR: 16.48%
Business Account Standard
Our Business Account is designed for day-to-day banking – you’ll be able to make and receive payments, write cheques and manage your cash flow needs. It’s available to businesses with an annual turnover of up to £25million.
Features and benefits:
-
Ways to bank
Bank online, with our mobile app, in branch or over the phone.
-
Business help and support
Access to our Relationship Team for expert business support.
- Arranged overdraft
From £5000.01 to £10000.00 EAR: 16.48%
Treasurers' Account
Our Treasurers Account is designed for day-to-day banking – you’ll be able to make and receive payments, write cheques and manage your cash flow needs with free daily banking. It’s available to Not for Profit charitable organisations with an annual turnover of up to £50,000.
Features and benefits:
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Online and by phone
Manage the account online and by phone.
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Easy access to funds
Withdraw funds as and when needed, without the need to give notice.
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Second signatory
Arrange to have a signatory on the account.
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Free monthly statements
Free monthly statements.
Community Account
Our Community Account is designed for day-to-day banking – you’ll be able to make and receive payments, write cheques and manage your cash flow needs. It’s available to Not for Profit organisations with an annual turnover of up to £250,000.
Features and benefits:
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Ways to Bank
Bank online, with our mobile app, in branch or over the phone.
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Second Signatory
Arrange to have a signatory on the account.
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Online Payment Control
Online Payment Control helps you manage who can make and approve payments within our Internet Banking service. You can set all payments to be approved by two or three users – ideal if you need more than one person to authorise payments.
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Business Finance Assist
Free accounting software.
