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. Once you've registered for the Electronic Business Tariff, you'll get the benefits as long as you keep at least £1 in your account. However, if your balance falls below £1, you'll pay the standard Business Extra Tariff on all transactions during the appropriate charging period (from the 10th of one month to the 9th of the next) and you won't receive any credit interest.
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 |
Faster payments outbound - via Lloydslink | 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 |
Automated credit – Faster Payments inbound | 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 for Islamic business bank accounts
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 |
* this includes the use of debit cards to withdraw cash over branch counters.
Unauthorised borrowing
Transaction type | Charges |
|---|---|
Unauthorised borrowing fee | £15.00 |
Unpaid item | £35 for each item not paid |
Unauthorised borrowing fee – The first time you overdraw your account or exceed your agreed limit with us by £50 or more, an Unauthorised Borrowing Fee (UBF) is chargeable. After that, the UBF is chargeable every time you increase your unauthorised borrowing by £50 or more from the previous day's closing balance unless a higher limit is agreed with us or until the account is within its existing limit or in credit.
Unpaid item – We charge each time we have to return a cheque unpaid or there is insufficient money in your account to pay a standing order or Direct Debit.
