The Lloyds Bank Business Account is a United Kingdom business current account for sole traders, limited companies and partnerships with turnover up to 3 million pounds. New customers pay no monthly account fee for the first 12 months, then a monthly fee applies.
- Who it suits
- United Kingdom registered sole traders, limited companies and partnerships with turnover up to 3 million pounds who want a traditional bank with branches
- Broadly available in
- United Kingdom
- Headline monthly fee
- No monthly account fee for the first 12 months, then 8.50 pounds per month, as of 10 June 2026
- Account type
- Business current account
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Overview
Lloyds Bank offers a business current account aimed at smaller United Kingdom businesses, with online and mobile banking, branch access and the option to add card readers and lending subject to eligibility. The Business Account is designed for businesses with turnover up to 3 million pounds and is open to sole traders, limited companies and partnerships.
Strengths
Access to a large United Kingdom branch network and established business banking support. An introductory period of no monthly account fee for new customers. Eligibility covers sole traders as well as limited companies and partnerships.
Limitations
After the introductory period a monthly account fee applies, and transaction charges can apply depending on activity. Lloyds has signalled that some Business Account fees change from 10 July 2026, so the position can move. This account is for United Kingdom businesses only. Verify current terms with Lloyds before applying.
Fees and features
| Monthly fee | No monthly account fee for the first 12 months for eligible new customers, then 8.50 pounds per month. As of 10 June 2026. Some fees are scheduled to change from 10 July 2026. |
|---|---|
| Transaction fees | Transaction and cash handling charges can apply and depend on the tariff. Check the Lloyds Business rates and charges page. As of 10 June 2026. |
| FX fees | Foreign currency and international payment charges apply per the Lloyds tariff. Confirm current rates with Lloyds. As of 10 June 2026. |
| Minimum deposit | No minimum opening deposit stated. As of 10 June 2026. |
| Multi currency | The core product is a pound sterling business current account. International and foreign currency services are available separately. As of 10 June 2026 |
| Integrations | Online and mobile banking, card readers and accounting links available through Lloyds and partners. As of 10 June 2026 |
| Eligibility | United Kingdom based sole traders, limited companies and partnerships with turnover up to 3 million pounds. Verify eligibility with Lloyds. As of 10 June 2026 |
Open a Lloyds Business business account
Availability and fees vary by country. Check the Lloyds Business by country pages below for your market, then confirm current terms with the provider. Shown as of 10 June 2026.
Visit Lloyds Business →Lloyds Business by country
Questions about Lloyds Business
How much does the Lloyds Business Account cost?
Who can open a Lloyds Business Account?
Does Lloyds have business banking branches?
Are Lloyds Business Account fees changing?
Fees, features, and eligibility change and vary by region. This page was last reviewed on 10 June 2026. Confirm current terms with Lloyds Business before applying.