Share on Twitter. If an overdraft is described as having a particular representative EAR then we expect to offer that rate or better to at least 51% of the applicants we accept. Please enter to access social media links. Download the Online Payment Control Guide, Find out more about Online Payment Control. We help around 100,000 new businesses each year. Any property given as security, which may include your home, may be repossessed if you do not keep up repayments on your mortgage or other debts secured on it. Review alternative sources of business finance and compare products and services. Dedicated support from our UK-based business management team, Simple pricing including free electronic payments, Useful guides and practical business tools, To qualify for this account you need to be a sole trader, partner or company director and be aged 18 or over. Registered in England and Wales no.2065. Whether you’re starting out or already trading, we have a simple Business Current Account to support your ambition – with dedicated business support when you need it. 2065. Thomas St, London, SE1 9RG. 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. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Discover your potential interest returns with our simple calculator. We guarantee to refund your money in the unlikely event you experience fraud with our Online for Business service – as long as you’ve been careful, for example, by taking reasonable steps to keep your security information safe. Link opens in a new tab. Link opens in a new tab. If it’s more, you can give Lloyds a call instead. our site. Get your business off to the best possible start with our simple current account. You can now make one payment to a new beneficiary within the first 60 minutes of them being set up. If you would like to find out more about our products and services, please call us on 0800 056 0056, If you have a business account with us, and would like to talk to a member of our business management team, please call 0345 072 5555, What to do if your card is lost or stolen, Commercial Cards Data Management (CCDM) - Visa, Commercial Cards Data Management (CCDM) - Mastercard, Bank of Scotland Commercial Banking Online, Bank of Scotland: Business Internet Banking. 3 Free day-to-day business banking includes cheques, standing orders, cash, UK Sterling Direct Debits, deposits and withdrawals. Share on Facebook. New UK banking startup Novus says it will offer a digital bank account with a conscience. Company Number: SC108909. Share on Facebook. 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. Receive free day-to-day business banking* on the Credit Union Account with an annual turnover up to £3 million. 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. our partners for featured placement of their products or services. The benefits of a Lloyds business account, How to apply for a Lloyds business account, Pros and cons of a Lloyds business account, Best international money transfer services, Award-winning, smart, simple business account, The hassle-free account for your business, Get your sort code and account number in minutes, Your personal details, proof of identity and proof of address, Details of any other director of your business, Your business’s details, including a proof of address, Previous banking details if you have them and are looking to switch. Registered office: 25 Gresham Street, London EC2V 7HN. If you would like to find out more about our products and services, please call us on 0800 056 0056, If you have a business account with us, and would like to talk to a member of our business management team, please call 0345 072 5555, What to do if your card is lost or stolen, Commercial Cards Data Management (CCDM) - Visa, Commercial Cards Data Management (CCDM) - Mastercard, Bank of Scotland Commercial Banking Online, Bank of Scotland: Business Internet Banking, Please enter to access social media links. Catch up on your region’s event to discover what other businesses are doing to combat the current economic challenges. Optional cash collection by one of a selection of security companies. 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. When your 12-month free banking period ends, the simple pricing below will apply. If you have a business account with us, and would like to talk to a member of our business management team, please call 0345 072 5555. Cheque and paying-in books available with one or more signatories. When there’s an important change we’ll remind you to take a look and share it with anyone within your business who might need to know. 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. It is the rate you would pay if you go overdrawn to the full limit of your facility for the entire year. Telephone: 020 7626 1500. We work hard to keep your personal and business data secure, which includes regularly reviewing our privacy notice. Indirect Payment System Access for Regulated Payment Service Providers and Access to Payment Account. 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. Download the statement of responsibilities (PDF). finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. We may receive compensation from our partners for placement of their products or services. Confirm details with the provider you're interested in before making a decision. The requirement to publish the Financial Conduct Authority Service Quality Information for business current accounts can be found here. No charges for returning cheques recalled by the payer’s bank. accurate but you should confirm any information with the product or Features and benefits. Visit the Lloyds Bank Twitter page (opens in new tab), Visit the Lloyds Bank YouTube channel (opens in new tab), Visit Lloyds Bank Facebook page (opens in new tab). Make sure you understand the small print. Thank you for your understanding at this time. 3Free day-to-day business banking includes cheques, standing orders, cash, UK Sterling Direct Debits, deposits and withdrawals. Guide to opening an account, 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. You can see the full list of charges on Lloyds Bank’s website. Link opens in a new tab. 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. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group. 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. Internet Banking with options for multi-person authorisation. All lending is subject to a satisfactory credit assessment and we will need your permission to carry out a credit check on you and your business.. You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action. Monthly interest paid on current accounts. Lloyds Bank Business Insurance Services are arranged and administered by Arthur J. Gallagher Insurance Brokers Limited which sources products from a panel of insurers. Leaders from Hotel Chocolat and other businesses reflect on their experience in our video series. Learn how to compare international money transfer services so you can get the best exchange rates and lowest fees. Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered. We update our data regularly, but information can change between updates. unsure you should get independent advice before you apply for any Registered office: 25 Gresham Street, London EC2V 7HN. The latest kid on the neobank block, Vybe is a free-to-use digital account that offers perks and discounts through its range of brand partners. Due to FSCS eligibility criteria not all business customers will be covered. And now you can log on using your fingerprint or Face ID on compatible devices. From planning ahead and maintaining your workforce’s mental wellbeing to an overview of available government support. There’s also a free trial period with Lloyds business accounts, but you’ll have to stump up the monthly fee, as well as the other banking transaction fees, when it ends. We are covered by the Financial Ombudsman Service (FOS). Please note that any data sent via e-mail is not secure and may be read by others. When you log on to your account you will be asked to enter your user ID and password. 1Applies to small businesses, including individuals setting up their first business bank account. Authorised and regulated by the Financial Conduct Authority (Firm Reference Number: 311786). Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. It takes into account the interest rate you are charged as a result and how often it’s charged – in this case interest is calculated daily and charged monthly. 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. All we ask is that you operate your account in credit or within agreed limits. Learn how to update it. Electronic payments (in or out)Includes online, automated and debit card payments, Cash payments (in or out)Cash you pay into or withdraw from your account using our branch counter or deposit machine. Products & services expandable section Products & services. 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. ZA227007. Our support of British businesses continues to be recognised by many of the leading publications within the financial services industry. We asked customers how likely they would be to recommend their business current account provider to other SMEs. From checking your balance to making international payments, Online for Business helps you spend less time taking care of your banking so you have more time to look after your business. Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). Let’s take a look. The results represent the view of customers who took part in the survey. †9 out of 10 is based on formal credit applications and is an average across the period September 2018 - September 2019. Share on LinkedIn. *We don’t charge you for Mobile Banking but your mobile operator may charge you for certain services such as downloading or using the app, so please check with them. Keep in mind that our top picks may not always be the best for you, and it's wise to compare for yourself to find one that works for you.