Electronic Business Tariff transaction charges
As more and more businesses are choosing to use electronic and automated ways of banking, the cost of providing these services is coming down. We want to pass on these cost savings and so have introduced a new lower cost menu of charges in the form of the Electronic Business Tariff.
The Electronic Business Tariff does not pay credit interest. You need to keep a minimum balance of £1 in your account each month. If you go overdrawn at any time then you’ll pay our standard 'Business Extra Tariff' on all transactions you make during that charging cycle. Our charging cycle runs from the 10th of one month to the 9th of the following month.
Please refer to our brochure Electronic Business Tariff, for more details of the tariff. A copy can be obtained from your local branch.
Account maintenance
Account maintenance fee (charge made for the basic administration costs of running your account): £5.00 a monthAccount payments
Transaction type | Charges |
|---|---|
Cheque | 65p |
Direct Debit | Free |
Standing Order | Free |
Transfer (transfer to another account in your name with the sort code starting 30-xx-xx) | Free |
Debit card transaction (excluding ATM) | Free |
UK Cash machine withdrawals (We will not charge you for debiting your account but some providers may charge you a fee for using their machines which they will advise you of in advance. Please refer to our brochure 'Your business account charges' for further information on other card transactions.) | Free |
Other debit | 65p |
Internet banking | Free |
Bulk Payment - per item | Free |
Bulk Payment - batch direct debit | Free |
PhoneBank | Free |
PhoneBank Express | Free |
Account receipts
Transaction type | Charges |
|---|---|
Automated credit (includes telephone and Internet banking) | Free |
Credit paid in at Lloyds TSB branch | 65p |
Credit paid in at another bank | 65p |
Credit paid in via nightsafe | £2.00 |
Transfer (transfer to another account in your name with the sort code starting with 30-xx-xx) | Free |
Other credit | 65p |
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.
Other services
Transaction type | Charges |
|---|---|
Cash paid in | 89p per £100 |
Cash paid out at Lloyds TSB counter | 89p per £100 |
Cash exchanged | £1.65 per £100 |
Cheque paid in | 30p |
Cardnet envelope paid in | Free |
BACS - batch file submitted | £4.00 |
BACS - debit or credit item | Free |
Telepay - debit or credit item | 32p |
Unauthorised borrowing
Transaction type | Charges |
|---|---|
Unauthorised borrowing fee | £15.00 |
Unpaid item | £35 for each item not paid |
Unauthorised borrowing fee – We charge you this when you first go overdrawn, or go above your agreed overdraft limit by £50 or more. There will be a further charge each time you increase the amount borrowed by £50 or more, unless a higher limit is agreed with us or until the account is within its existing limit or in credit. This fee will apply, for example, if you draw against cheques which have not fully cleared and this takes you overdrawn or over an agreed limit.
Unpaid item – We charge each time we have to return a cheque unpaid, or cannot pay a standing order or direct debit, because there isn’t enough money in your account.
