Business bank accounts for start-ups and small businesses

Open a Business Account for start-ups

One million UK businesses already bank with us. Join them.

  • Apply online in minutes.
  • Instant decision on up to £5,000 credit.1
  • First account with us? No account fee for a year then £8.50 per month.
  • Keep control of your finances with free accounting software.

 

Open an account

Check if your business can apply

Get a bank account that works as hard as you

No account fee for a year

No account fee for 12 months if it’s your first Business Account with us. Then £8.50 a month.

More information on our fees and charges.

Quick business credit

Borrow to grow your business. Get an instant decision on up to £5,000 credit1.

Free accounting tools

Balance your books with accounting software on the house.

Apply now
Apply now

1Apply online once your new Business Account is set up and you’ll get an instant decision. Eligibility for lending will be assessed as part of a separate application, and there is no guarantee of lending being granted. All lending is subject to status.


1Apply online once your new Business Account is set up and you’ll get an instant decision. Eligibility for lending will be assessed as part of a separate application, and there is no guarantee of lending being granted. All lending is subject to status.

 

Balance your books with our free accounting tools

  • Simplify your expenses and automate business admin tasks. 
  • Create and send professional invoices.
  • Streamline your reporting. Send VAT returns directly to HMRC.
 

Grow with up to £5,000 credit

Once you’ve set up your new business current account, apply for credit using the app. 

  • Get an instant decision on up to £5,000.
  • Options for a Business Credit Card or Business Overdraft.
  • Kickstart your business plan, fund your growth, or cover unexpected costs.
 

Build your savings for the future

Open a business savings account - choose from an Instant Access Account, notice account, and fixed term deposit account.

  • Be clever with your cash. Start small and earn interest from day one, so you can watch your savings grow.
  • Use our Business Savings Interest Calculator to see how our competitive interest rates could set you up for the future.
Start your application

Balance your books with our free accounting tools

  • Simplify your expenses and automate business admin tasks. 
  • Create and send professional invoices.
  • Streamline your reporting. Send VAT returns directly to HMRC.

Grow with up to £5,000 credit

Once you’ve set up your new business current account, apply for credit using the app. 

  • Get an instant decision on up to £5,000.
  • Options for a Business Credit Card or Business Overdraft.
  • Kickstart your business plan, fund your growth, or cover unexpected costs.

Build your savings for the future

Open a business savings account - choose from an Instant Access Account, notice account, and fixed term deposit account.

  • Be clever with your cash. Start small and earn interest from day one, so you can watch your savings grow.
  • Use our Business Savings Interest Calculator to see how our competitive interest rates could set you up for the future.
Start your application

Download the app to apply

Explore our brilliant everyday banking features.

  • Make payments up to £250,000 each day.
  • View or share payment receipts by email, WhatsApp, or SMS.
  • Approve online debit card purchases.

Available on the Apple App Store and Google Play store.

More on the app
 
Lloyds Business Banking App

Download the app to apply

Explore our brilliant everyday banking features.

  • Make payments up to £250,000 each day.
  • View or share payment receipts by email, WhatsApp, or SMS.
  • Approve online debit card purchases.

Available on the Apple App Store and Google Play store.

More on the app

Choose us and get more than just a bank account

 

Settle daily costs with a Business Debit Card

  • Withdraw up to £700 of cleared funds per day.
  • Use your card for on-the-go contactless transactions up to £100.
  • Speed up deposit transactions at branches using your card.

Take payments in person, online and over the phone

Get payment services you can trust. With options to suit your business needs - on the move, in your business premises, or countertop card readers.

Insurance to protect your business

Choose the right price and cover from a panel of leading insurers - online and over the phone.

 

Earn rewards with our Credit and Charge cards

  • Up to 56 days’ interest-free credit
  • Travel insurance included
  • Earn cash back on fuel, electric vehicle charging, and other eligible purchases
  • Manage your cash flow and expenses.
 

Settle daily costs with a Business Debit Card

  • Withdraw up to £700 of cleared funds per day.
  • Use your card for on-the-go contactless transactions up to £100.
  • Speed up deposit transactions at branches using your card.

Take payments in person, online and over the phone

Get payment services you can trust. With options to suit your business needs - on the move, in your business premises, or countertop card readers.

 

Earn rewards with our Credit and Charge cards

  • Up to 56 days’ interest-free credit
  • Travel insurance included
  • Earn cash back on fuel, electric vehicle charging, and other eligible purchases
  • Manage your cash flow and expenses.

Insurance to protect your business

Choose the right price and cover from a panel of leading insurers - online and over the phone.

Apply now
Apply now

We support one million businesses like yours

In a nutshell, the best thing about banking with Lloyds is the combination of trust, reliability, and easy-to-use digital tools that make managing our business finances straightforward and stress-free.

Sylwia Golebiowska CEO, Simply Grow

The best thing about my Lloyds Business Account is that it gives me confidence that the essentials are handled and that I’ve got the right tools to manage my finances properly as we grow.

Natasha Orumbie CEO/Founder, The Vegan Patty Lady

Is this account right for my business?

You can apply for this account if: 

  • you’re at least 18 years old
  • you’re a UK resident and have a UK mobile phone number
  • you’re a sole trader or director of the business
  • the business has an annual turnover of £25 million or less
  • the business is trading from an address in the UK.

If you have a limited company: 

  • it must be registered in the UK with a UK trading address
  • it must have been registered with Companies House for at least four days
  • check that no changes have been made to the Companies House register in the past four days
  • it must have an ‘active’ status on the Companies House register.

Get ready to apply

What you'll need:

  • details about you, where you’ve lived, and your tax status
  • information about your business, including what you do, who you work with, and where you work
  • a way to take a live photo of your signature and one of yourself
  • a form of ID such as your passport or UK driving license
  • proof of your business address such as a utility bill.
Apply now

Is this account right for my business?

You can apply for this account if: 

  • you’re at least 18 years old
  • you’re a UK resident and have a UK mobile phone number
  • you’re a sole trader or director of the business
  • the business has an annual turnover of £25 million or less
  • the business is trading from an address in the UK.

If you have a limited company: 

  • it must be registered in the UK with a UK trading address
  • it must have been registered with Companies House for at least four days
  • check that no changes have been made to the Companies House register in the past four days
  • it must have an ‘active’ status on the Companies House register.

Get ready to apply

What you'll need:

  • details about you, where you’ve lived, and your tax status
  • information about your business, including what you do, who you work with, and where you work
  • a way to take a live photo of your signature and one of yourself
  • a form of ID such as your passport or UK driving license
  • proof of your business address such as a utility bill.
Apply now

Frequently asked questions

  • 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

    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, 666KB) and product terms and conditions.

    Estimate with our calculator how much your business account could cost per month after the first year.

    UK Finance business account opening guide

    2Electronic payments include:

    • Direct Debits
    • Standing Orders
    • Faster Payments Debits
    • Internet/Phonebank Debits
    • Internet Bulk Payments.

  • To open your business account, you’ll need:​ 

    • 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 business name, address, details of your activities and estimated annual turnover​ 
    • For limited company accounts, Companies House must be up to date before we can progress an application. Please allow four days from the date of Companies House registration before applying online or over the phone. 

  • If you run a small business, there are various benefits to having a business bank account with Lloyds Bank:​ 

    • Separate business from personal transactions to make business accounting easier​ 
    • Access expert resources and support to grow your business skills 
    • Manage your accounts using online business banking.​ 

  • If you’ve already started an online application for a small business or start-up account, 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 provided your personal details. 

  • Yes, you can easily switch your current business account to a Lloyds Bank business account using the Current Account Switching Service. Once you’ve given us your details, you can sit back and we’ll manage the rest for you. Find out more about switching bank accounts. 

Independent service quality survey results

Business current accounts

Published August 2025

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

Business current accounts overall service quality survey results: 1st monzo 85%, 2nd Mettle 82%, 3rd Starling Bank 81%, 4th Handelsbanken 76%, 5th Tide 72%, equal 10th Lloyds Bank 59%

View the full set of results

The requirement to publish the Financial Conduct Authority Service Quality Information for business current accounts can be found here