Change your business address
If you're a full access user, you can update your business, registered, mailing and personal addresses within Online for Business and the Business banking app.
Start up business bank account
- Free start up bank account for 12 months, then monthly £8.50 account fee.
- Apply online for a new business bank account in minutes.
What you get with a Lloyds start up business account
Reasons to open a start up business bank account
A dedicated bank account has a lot of benefits for your new business and can make managing your finances easier.
Can I apply for the start up business account?
What to consider when choosing a new business bank account
How to open a start up business bank account
Looking for other accounts?
Find all the other accounts we offer, including those for schools, charities and community organisations.
Save with Business Debit Cards
Boost your start up with Business Debit Card offers - including LinkedIn Premium and Google Workspace.
Frequently asked questions
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A dedicated bank account has a lot of benefits – and you can apply if you're a freelancer, sole trader or limited company. Keeping your finances separate from your personal income and having all your transactions in one place can make managing your finances easier.
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Yes, you can apply for a business bank account before your new venture begins trading. Usually, you’ll need to be the owner or director of the business, be a UK resident, and be able to share your ID - but you don't need to show existing business income or accounts.
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You can open a start up business bank account online if your estimated turnover for the next 12 months is under £3 million. The application usually takes around 20 minutes, and we need about 4 to 8 business days to open your new account.
Download the app from the Apple App Store or Google Play store to apply online from anywhere in the UK.
Use the link below to get your download link sent to you by text.
Send me a download linkFor limited companies, Companies House must be up to date before we can progress an application. Please allow 4 days from the date of Companies House registration before applying online or over the phone.
Most customers complete the online application in minutes. In some cases, we’ll ask for extra information to finish our checks, which can add time. We’ll keep you updated if this is the case.
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To open your start up business account, you’ll need the following information:
- a copy or photograph of your signature
- a UK driving licence or passport
- the name, date of birth and three-year personal address history (including month and year of moving dates), mobile number and email address for everyone connected to the account.
- your start up or small business name, address, details of your activities and estimated annual turnover.
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If you’ve already started an online application, you can continue or check the status of your application at any time using the log on button in your welcome email, which you’ll get once you’ve shared your personal details.
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If you run a start up or new business, there are various benefits to having a start up bank account with Lloyds Bank:
- no account fee for the first 12 months – then £8.50 a month
- free debit card
- access to start up funding options
- make and receive international payments
- business support resources, including tailored advice for your sector
- add other people to your start up business account (such as co‑directors) with the right access and controls.
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There’s no account fee for your first 12 months. Then it’s £8.50 a month. See our Business Account rates & charges for full details, including transaction fees.
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Yes, you can export your transaction data for use with most major accounting platforms including Xero and QuickBooks.
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Find out more about our Business Account fees and charges.
Lloyds Business Bank Account fees and charges. Payment type
Charges
Payment type
Introductory offer
Charges
No monthly account fee for 12 months if it’s your first business account with us
Payment type
Monthly account fee
Charges
£8.50 after 12 months
Payment type
Electronic payments in2
Charges
Free
Payment type
Electronic payments out2
Charges
First 100 a month are free / £0.20 each after that
Payment type
Cash payments (in or out)
Charges
£0.85 for every £100 at an Immediate Deposit Machine / £1.50 for every £100 over the counter
Payment type
Cheques (in or out, any amount)
Charges
£0.85 at an Immediate Deposit Machine / £1 over the counter
Payment type
Credit paid in at branch or ATM
Charges
£0.85
Payment type
Credit paid in at an Immediate Deposit Machine, Automated Deposit Machine, through the app
Charges
Free
Payment type
BACS
Charges
File submission: £5.50
BACS Item: £0.15 (a set up fee may apply)
Payment type
CHAPS
Charges
£30
Payment type
Sending and receiving money abroad
Charges
Payment type
Balances below £0 (going overdrawn)
Charges
Payment type
Other account services
Charges
No credit interest is payable on this account.
See the full account rates and charges (PDF, 232KB) and product terms and conditions.
Estimate with our calculator how much your business account could cost per month after the first year.
Protecting your money
The Financial Services Compensation Scheme (FSCS) protects up to £120,000 of the eligible money you hold with us.
Independent service quality survey results
Business current accounts
Published February 2026
As part of a regulatory requirement, an independent survey was conducted to ask approximately 1,200 customers of each of the 17 largest business current account providers if they would recommend their provider to other small and medium-sized enterprises (SMEs*). The results represent the view of customers who took part in the survey.
Overall service quality
We asked customers how likely they would be to recommend their business current account provider to other SMEs.
*SMEs include businesses, clubs, charities and societies with an annual turnover/income of up to £25m (exclusive of VAT and other turnover-related taxes).
Ranking
The requirement to publish the Financial Conduct Authority Service Quality Information for business current accounts can be found here