Snapshot
HSBC Business and Lloyds Business compared on the points that usually decide a business account: account type, monthly fee, currency support, eligibility and where each one is available.
HSBC Business figures as of 3 June 2026Lloyds Business figures as of 10 June 2026Last reviewed 25 June 2026
General information, not financial, legal, or tax advice. There is no single best account. The right fit depends on your business. Verify current terms and eligibility with each provider before applying.
HSBC Business and Lloyds Business suit different businesses. Use the comparison below to weigh account type, fees, currency support and eligibility against how your company operates, then confirm the latest terms with each provider. Figures are shown as of 3 June 2026 for HSBC Business and 10 June 2026 for Lloyds Business.
HSBC Business vs Lloyds Business at a glance
| Feature | HSBC Business | Lloyds Business |
|---|---|---|
| Account type | Business current or checking account at a licensed bank, varying by market. | Business current account |
| Who it suits | Businesses that trade across borders or operate in more than one market and want a global bank with local entities, branch access, and international payment reach. | United Kingdom registered sole traders, limited companies and partnerships with turnover up to 3 million pounds who want a traditional bank with branches |
| Monthly fee | Varies by market. In the United Kingdom new business customers typically get an introductory period with no fee, then about 8 pounds a month on the small business account. Other markets set their own fees. As of 3 June 2026. | 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 | Electronic, cash, and cheque transaction fees vary by country and account tier. As of 3 June 2026. Verify the current rate card with the relevant HSBC entity. | 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 | International transfers carry fees that vary by market, for example international payment fees on the United Kingdom small business account. As of 3 June 2026. Verify with HSBC. | Foreign currency and international payment charges apply per the Lloyds tariff. Confirm current rates with Lloyds. As of 10 June 2026. |
| Minimum deposit | Varies by market and account. Unclear at a single global figure, so verify with HSBC. | No minimum opening deposit stated. As of 10 June 2026. |
| Multi currency | Many HSBC business accounts support holding and paying in multiple currencies, with detail varying by country. As of 3 June 2026. | 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 business banking, international payment tools, and accounting connections that vary by market. Verify current integrations with HSBC. | Online and mobile banking, card readers and accounting links available through Lloyds and partners. As of 10 June 2026 |
| Eligibility | Registered businesses in supported markets, with requirements and accepted entity types varying by country. As of 3 June 2026. Verify eligibility with HSBC. | 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 |
| Broadly available in | Many markets including the United Kingdom, Hong Kong, Singapore, and the United Arab Emirates, through separate local HSBC entities. As of 3 June 2026. | United Kingdom |
Use the table to weigh the differences. HSBC Business and Lloyds Business tend to differ most on account type and currency support, so match those to how your business moves money, then confirm the latest fees and eligibility with each provider.
Open a business account
Both providers accept business customers in their supported markets. Fees and eligibility shown as of 3 June 2026 for HSBC Business and 10 June 2026 for Lloyds Business. Confirm current terms with the provider before applying.
Visit HSBC Business → Read the Lloyds Business review →Questions about HSBC Business and Lloyds Business
Which is better for my business, HSBC Business or Lloyds Business?
It depends on your needs. The table on this page compares HSBC Business and Lloyds Business on account type, fees, currency support, eligibility and availability using each provider's published terms. Weigh those against how your business operates, then confirm current terms with each provider. This is information, not advice.
Can I open both HSBC Business and Lloyds Business?
Often yes, subject to each provider's eligibility rules. Some businesses keep more than one account, for example one for everyday banking and another for currency conversion. Check eligibility with each provider before applying.
Are the fees on this page current?
Each figure is shown with the date it was recorded. HSBC Business figures are shown as of 3 June 2026 and Lloyds Business figures as of 10 June 2026. Fees and eligibility change, so confirm current terms with each provider before you apply.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 25 June 2026. Confirm current terms with each provider before applying.