The Lloyds Bank Business Account is a United Kingdom business current account for sole traders, limited companies and other businesses with annual turnover of 3 million pounds or less. Businesses new to Lloyds pay no monthly account fee for the first 12 months, then a monthly fee applies.
- Who it suits
- United Kingdom sole traders, limited companies and other businesses with annual turnover of 3 million pounds or less 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 10 pounds per month, as of 11 October 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. Applicants need an annual turnover of 3 million pounds or less. Lloyds says the account is open to sole traders, start ups, limited companies and established businesses.
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.
Limitations
After the introductory period a monthly account fee applies, and transaction charges can apply depending on activity. Cash and cheque handling carry charges, and CHAPS payments cost 30 pounds each. 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 first time Lloyds Business Account customers, then 10 pounds per month. As of 11 October 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 11 October 2026. |
| FX fees | Foreign currency and international payment charges apply per the Lloyds tariff. Confirm current rates with Lloyds. As of 11 October 2026. |
| Minimum deposit | No minimum opening deposit stated. As of 11 October 2026. |
| Multi currency | The core product is a pound sterling business current account. International and foreign currency services are available separately. As of 11 October 2026 |
| Integrations | Online and mobile banking, card readers and accounting links available through Lloyds and partners. As of 11 October 2026 |
| Eligibility | Owners or directors aged 18 or over who live in the United Kingdom, applying for a United Kingdom business with a United Kingdom trading address and annual turnover of 3 million pounds or less. Limited companies must be registered with Companies House for at least 4 days. Verify eligibility with Lloyds. As of 11 October 2026 |
Open a Lloyds 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 11 October 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 11 October 2026. Confirm current terms with Lloyds Business before applying.