School & Academy Banking Account

If you would like more information before you apply complete our request for further information form or arrange an appointment with a specialist education relationship manager by calling 0800 681 6078 (open 9am to 5pm Monday to Friday).

Converting to an Academy

We are going through perhaps the biggest shake up in Education since the 1940s. We are seeing a huge number of schools converting or considering converting to an Academy. At Lloyds TSB we have produced a "Guide to Academies" to help answer some of the most frequently asked questions. Our guide has been produced in association with NASBM (National Association of School Business Management), Veale Wasbrough Vizard Solicitors and Baker Tilly Accountants.

Converting to an Academy is likely to be one of the biggest single decisions a school will make. Your local Lloyds TSB Education Specialist Relationship Manager can support you in that decision making process and introduce you to local professionals and schools that have experience in the Academy conversion process. And when you need to open your new bank account in the name of the Academy, they will ensure that this is opened without delay and they will be delighted to visit you at your school to complete the application form with you.

You will be pleased to know that we have significantly simplified the account opening procedures for Academies and, in the vast majority of cases, we will not need to see any form of identification.

If you would like a hard copy of our Academy Guide or would like to talk through the any aspect of the Academy conversion process or school banking, then please email us on KMBD@lloydstsb.co.uk us or call us on 0800 681 6078 to arrange an appointment with your local specialist Education Relationship Manager.

Features & Benefits of Banking for Academies and Schools

Naturally it has all the ‘best value’ features you might need, our School Bank Account is more than just a sensible financial package.

Our experience of schools’ banking requirements means we are able to offer a comprehensive range of products and services based on the things that we know are important to you, so that you can manage your school’s finances and budgets with no fuss and in the minimum possible time.

• Free day-to-day* banking to make the most of your resources.
• Separate accounts: set up accounts for school activities and clubs, PTA funds or school trips, or a deposit account to help you make the most of any surplus funds.
• A dedicated manager to provide help and guidance for all of your banking needs.
• Internet banking to give you more time to manage your account in or out of school hours – with the option to exclude third party payments if required.
• Help with switching your accounts; to make the transition to the School Banking account hassle free, whether from an existing account or from your LEA.

See interest rates paid monthly, as applicable for the School Banking account.

* Free business banking applies to state schools only and includes day to day tariff transactions such as cheques, standing orders, cash, Direct Debits, deposits and withdrawals. All we ask is that you operate your account in credit or within agreed limits. Note that charges for other services may apply.

ParentPay

Reduce the time and effort you spend collecting money from parents by allowing them to pay online for anything from dinner money to school trips. For more information visit ParentPay Ltd at www.parentpay.com or call 0845 257 5540 (open 8.30am to 4pm Monday to Thursday and 8.30am to 3.30pm Friday) quoting reference: ‘Lloyds TSB’.

Managed Payroll Service

Review and improve your payroll and pension processes with the tailored education payroll service offered by Ceridian. Find out more about the service that manages your payroll so you can get on with managing your school.

Important information

Before you apply for this account, please view terms and conditions.