Moving your business account
Your account information at your fingertips.
Moving your account to Lloyds TSB is much easier than you would expect
We offer an excellent package for businesses moving from another bank to our Islamic Business Account, but we realise that isn’t enough. Changing banks can be a daunting prospect, but it doesn’t have to be. We have a team who’ll work to make moving your account as quick and easy as we can make it. Naturally one or two formalities are unavoidable, like proving who you are and where you live; but that aside, we’ll manage the transfer on your behalf. Leaving you free to carry on running your business.
Shariah approved money management
Interest Free
6 months free day-to-day banking
You can apply for an Islamic Business Account online, by phone or at your local branch.
Smooth move guaranteed
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.
And we’re available to answer any questions you may have during the transfer.
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.
Six months free day-to-day banking
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.
No matter how many transactions you make you won’t pay us a penny, so long as you keep your balance above £0.
When your free banking period is over
When your free banking period ends our Electronic Business Tariff will apply, (which does not pay credit interest).
Find out more about our Islamic Business Account charges.
Your banking made even easier
You won’t need to change your account even when your business grows or your needs change. We can offer you:
- Support from your own relationship manager.
- Access to the largest branch network of any bank in the UK.
- An Internet banking service, giving you account information seven days a week.
- Mobile updates on your account balance via our Text alerts service.
- Phone banking so you can speak to a business advisor.
- Cheque books, direct debits, standing orders, regular statements.
The processing cycle
Payments made through your account are processed in different ways. Find out more information about the cheque clearing process for cheques, automated payments and Internet and Telephone banking transactions.
How do I apply?
You can apply for an Islamic Business Account online, by phone or at your local branch.
