Switch business bank accounts to Lloyds TSB

Apply
Apply for a business account online in less than 10 minutes, by phone or at your local branch.

We do all the legwork so you don’t have to

We take care of the:

• re-direction of all standing orders and direct-debits,
• transfer of your old balance to your Lloyds TSB account,
• closure of your old account.

We’ll make you a promise

We'll give you a one-off payment of £50 if we miss any of the agreed timescales by more than 24 hours. We’ll also refund any charges or interest you incur because of delays caused. However, any charges or interest resulting from anything you or your current bank fails to do are excluded from this guarantee.

View our performance

You’ll receive six months free day-to-day banking as a way of saying thanks for moving your account to Lloyds TSB.

Benefits of free banking

We won’t charge you for:

• paying in or taking out cash,
• paying in or issuing cheques,
• standing orders or direct debits.

There is no limit on deposits or withdrawals and no minimum account balance required.

All we ask is that you keep your account within agreed limits, for example not going overdrawn without agreeing with us first.

When your free banking period is over

When your free banking period ends our Business Extra Tariff will apply. You can choose to remain on this tariff and earn credit interest, as applicable. If you use electronic or automated ways of banking then you may prefer our Electronic Business Tariff, which includes lower cost charges for those types of transactions if a credit balance of £1+ is maintained.  This account does not pay credit interest.

Compare our tariffs side by side

We have developed a number of ways for you to access your money when it’s convenient for you.

You can bank at a branch, use our internet banking service, receive account updates via text alerts and speak to a business advisor using our telephone banking service.

You will also get everything else you would expect from an account, including cheque books, direct debits, standing orders and regular statements.

• When you move your account you'll have access to a named relationship manager who will be on hand to provide support from help with deposits, loans or more specialist borrowing.
• Our relationship managers currently support over half a million business customers so they have the experience to help you and are empowered to make most decisions quickly.
• For most customers your relationship manager will be locally based, but even if they are not nearby there should always be a locally based business banker who can see you if necessary.
• As well as face-to-face consultations our relationship managers are also available at the end of a phone to provide telephone assistance when a meeting is not convenient.