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Business Banking

Lloyds Bank Business Bank Account

18 Months’ Free* Business Banking With £55 Cashback

When you form a company with us

Lloyds offers new and existing businesses an account that can match your ambition. With a broad range of time-saving tools and tips, the Lloyds Bank Business Current Account can help you focus on what matters; starting or growing a successful business.

How it works:

  • Once your company has been formed, we will send you details directly to Lloyds Bank via a secure connection.
  • You will receive a call from a Lloyds Business Manager within 48 hours to arrange a meeting at a branch convenient to you. Lloyds aims to offer all clients a meeting within 7 days of formation.
  • Once your account has been opened, you can claim your cashback through your Client Login.

Lloyds Business Banking Features and Benefits

  • 18 months’ free day-to-day business banking, terms and conditions apply.*
  • Access to your account no matter where you are, via phone, in a branch, and via a mobile banking app.
  • Support from a UK-based business management team.
  • Get access to a 30-day free trial of Lloyds Business ToolBox.
  • Access to comprehensive guides on starting, operating, and growing a business.
  • Choose a monthly price plan or an alternative tariff once your free banking period is over.

Lloyds Business Support

There are a variety of tools you will have access to upon opening your account. This includes access to financial support, including loans, hire purchase options, and business overdrafts depending on your needs and status.  Also on offer is access to business insurance, carefully selected by Lloyds to provide you with the most appropriate and comprehensive cover. Finally, the Lloyds Bank Cardnet means you can accept business payments in a manner of different ways, including in person, online, and by phone.

Business Banking Requirements

Lloyds provide 18 months' free day-to-day business banking. This banking includes an account free of monthly fees, access to electronic payments, and support for cheque and cash withdrawal/deposits. In order to qualify for this account, you must operate your business account in credit, or within your agreed overdraft limit.

In order to be eligible for a Lloyds business bank account, you must be over 18 years of age and a sole trader, partner, or company director.  

This account is available for both new and existing businesses whose annual turnover does not exceed £1 million.  

Simple Pricing

Once your 18-month free trial period ends, you will be automatically switched to the most suitable pricing plan.  Please note that there is no charge for electronic payments, including withdrawing money from a Cashpoint® or payment by Direct Debit.

Important Information

  • Terms and conditions
  • Need to know
  • Monthly PricePlan
  • Your account charges explained
  • International services tariff
  • Payment transaction
  • Summary for debtors under the SEPA Direct Debit scheme
  • Joint and Several Liability

*Free business banking includes cheques, standing orders, cash, direct debits, deposits and withdrawals. Your account must be operated in credit or within agreed limits.

This offer is only available to companies (Limited by Shares and LLPs) with UK resident directors and shareholders. Companies (Limited by Shares and LLPs) with overseas or nominee directors and shareholders are not eligible for this offer.

This offer is not available to companies Limited by Guarantee.

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Your Company Formations is effective, efficient & quick.

This service is effective, efficient & quick. I would recommend their services to anyone interested in setting up their own business. Excellent customer service!

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  • 100 years' experience in the industry
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  • Prestigious London location
  • Expert team on standby
  • Free client support

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