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School Bank Accounts

We offer accounts to suit all types of school organisations.

Open an account

Don’t already have an account? The account that’s best suited to you will depend on how your school is set up and if this is your primary account. You can find out more below: 

School Bank Account*

If you’re an academy, multi-academy trust or state-funded school and the account will be used to receive state funding, you can apply for our specialist school account.

This account must be used for core school activities such as payroll and receiving funding.

Open an account

Account for independent schools

Independent schools that are registered with Companies House can apply for our business account.

Open an account

Community Accounts

Looking for an account to help you run additional activities such as clubs and parent teacher associations? 

If this is not the primary account for the school and not receiving state funding, you can apply for a community account. 

No more than £250,000 should be paid into the account every 12 months.

Open an account

See the full account rates and charges and product terms and conditions.

*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.

Further resources

Protecting your money, FSCS protected

Financial Services Compensation Scheme

Eligible deposits with Lloyds Bank plc are protected up to a total of £85,000. Due to eligibility criteria, not all business customers will be covered.

More about the FSCS

The education expertise hub

Get help from an education specialist and find out about banking services on offer to the education sector.

Get specialist support