- Useful Information
- Rates and charges
- Business Banking Tariffs
- Monthly PricePlan
- Business Extra Tariff
- Charges for other services
- Compare our tariffs
- Business Credit Card Summary Box
- Cash Management Tariff
- Commercial Tariff
- Client Accounts rates
- Electronic Business Tariff
- International Services rates and charges
- Islamic Business Account charges
- Lending rates
- Security fees
- Saving rates
- School banking account rates
- Ways to bank with us
Useful Information
Monthly PricePlan
Paying for your business banking needn't be complicated. That's why our Monthly PricePlan gives you greater control over the charges you pay.
Choose the PricePlan that best suits your business to get more certainty around your monthly charges. And if your business has busier or quieter months, you can change your PricePlan as often as you like to match.
If you are a new Lloyds TSB Commercial customer, you will receive a period of free day to day business banking:
- 18 months free day-to-day banking* for new start-up businesses.
- Six months free day-to-day banking* for businesses switching their existing business account to us.
Key features
Enjoy fixed day-to-day business banking charges each month - as long as you stay within your Monthly PricePlan - so you can relax, knowing what you're going to be paying out each month for your charges.
Plans as flexible as your business - if your business has busy periods and quiet patches, then you can change your PricePlan to match. You can even pay for additional transactions when you need them - this can sometimes be more cost-effective than changing plans. Please note that any transactions, cash or cheques in your monthly allocation that aren't used within the month can't be carried over.
More headroom for your business to grow - selecting the right Monthly PricePlan will allow your transaction levels to fluctuate, without you having to pay more. If you need extra room, it's easy to calculate your costs.
Staying in control of your business banking costs - we will send you an annual Monthly PricePlan statement which breaks down your transactions, cash and cheques paid in over the year. You'll be able to choose which of our range of PricePlans or alternative tariffs are most suitable for your business.
Credit interest is not paid as standard on our Monthly PricePlan account. Full details of our tariff are available on our rates and charges page.
Monthly PricePlan puts you in control.
Our Monthly PricePlans give you a maximum number of transactions each month for a fixed fee. This makes it easier for you to budget for your day-to-day banking - putting you in control of your account charges. For a full list of what is included see the 'What is included' tab.
Working out your best Monthly PricePlan option.
Start by using our simple calculator. By inputting typical levels of monthly activity on your account (such as the number of transactions made, number of cheques paid in, etc) the calculator can help you determine which of our five plans is most suitable for you.
The Monthly PricePlans available.
The information below shows what each plan costs and how many transactions each includes, plus further information on what happens should you go over your limit.
| Monthly PricePlan | Monthly Fee | Maximum Transactions |
|---|---|---|
| XS | £5 | 5 |
| S | £10 | 20 |
| M | £15 | 35 |
| L | £25 | 70 |
| XL | £40 | 125 |
An example of how Monthly PricePlan works.
Mrs Henderson is a customer on PricePlan 'S'. Her plan costs £10 per month and inlcudes:
| Transactions | 20 |
|---|---|
| Cash | £150 |
| Cheques | £10 |
| Every month | She pays nine Direct Debits each month. | 9 |
|---|---|---|
| 18th June | Mrs Henderson's account is debited with three standing orders. | 3 |
| 25th June | Her account is debited to meet another standing order instruction. | 1 |
| total | 13 |
Mrs Henderson has used 13 transactions for the month. This is within the limit of 20 for PricePlan 'S'.
So Mrs Henderson knows that she will only pay the £10 monthly fee.
Cash and cheque transactions have their own limit.
Within each Monthly PricePlan there is a limit to the amount of cash you can pay in, out or exchange each month, and a maximum number of cheques you can pay in (cheques out are not included in these limits but each cheque out will count as one transaction). This is shown in the table below:
| Monthly PricePlan | Maximum cash limit per month | Maximum cheques paid in limit per month |
|---|---|---|
| XS | £50 | 5 |
| S | £150 | 10 |
| M | £250 | 15 |
| L | £500 | 30 |
| XL | £1000 | 50 |
Only cheques and cash in branch are capped in this way *.
*This also applies to cash and cheques paid in through a night safe or depositpoint™
An example of a customer who uses cash and cheques.
Mr Duncan is a customer on PricePlan 'XS'. His plan costs £5 per month and includes:
| Transactions | 5 |
|---|---|
| Cash | £50 |
| Cheques | 5 |
Mr Duncan's activity during June is as follows:
| Transactions | Cash | Cheques | ||
|---|---|---|---|---|
| 11th June | Mr Duncan pays in £50 cash and three cheques on the same credit slip. This means that although he will only have used one of his five transactions, he has reached his limit for paying in cash for the month. | 1 | £50 | 3 |
| 15th June | He pays in two more cheques on one credit slip, which uses one more of his five transactions. He's now reached his limit on cheques he can pay in for the month to stay within the fixed fee of £5 for PricePlan 'XS'. | 1 | £0 | 2 |
| 22nd June | He pays in one more cheque and £100 cash on one more credit slip. Although he has only made three transactions and therefore is within the five transactions limit, he has exceeded the limit for cash and cheques on PricePlan 'XS'. | 1 | £100 | 1 |
| Total | 3 | £150 | 6 | |
| Over PricePlan XS | 0 | £100 | 1 |
But being on a PricePlan puts Mr Duncan in control. He could choose to pay an extra 65p for the additional cheque in and 0.65% on the additional £100 (so 65p), which will add £1.30 to his monthly fee.
However, Mr Duncan anticipates that he will need to use additional transactions to pay in even more cash and cheques before his monthly charging cycle ends on the 9th of the next month†, so he decides to call his Relationship Manager to upgrade his plan.
What if you go over your limit?
If you think you might go over your transaction limit it's easy to change your plan at any time by calling us.
Alternatively, you can simply pay the additional transaction fee - 65p for every transaction or cheque paid in, or 0.65% of the total cash amount over the limit. This can be more cost-effective than changing plans.
You'll receive a monthly statement showing the total number of transactions that have passed through your account. This will also show any charges related to additional transactions, cash or cheques you decided to use, on top of your Monthly PricePlan.
Please note that any transactions, cash or cheques in your monthly allocation that aren't used within the month can't be carried over to the next charging period (a charging period runs from 10th to 9th of each month).
What's included in your Monthly PricePlan?
The transactions included in your Monthly PricePlan are detailed below:
| Account payments | Counts as |
|---|---|
| UK Sterling Direct Debit** | 1 Transaction |
| Standing order | 1 Transaction |
| Business Debit Card transaction (excludes ATM) | 1 Transaction |
| Cash withdrawal from another bank's ATM‡ | 1 Transaction |
| Internet Banking and PhoneBank Payment | 1 Transaction |
| Cheque paid out (including any cash withdrawal) | 1 Transaction |
| Faster Payment debit ‡ ‡ | 1 Transaction |
| Other debit | 1 Transaction |
| Account receipts | Counts as |
| Automated credit (including Telephone and Internet Banking) | 1 Transaction |
| Faster Payment credit | 1 Transaction |
| Credit paid in | 1 Transaction |
| Credit paid in via a night safe | 1 Transaction |
| Other credit | 1 Transaction |
| Other | Counts as |
| Cash exchanged | 1 Transaction |
| Unlimited free transactions | Counts as |
| Transfer to another Lloyds TSB business account in your name with a sort code starting with a 30, 77 or 87. | Unlimited |
| Transfer from another Lloyds TSB business account in your name with a sort code starting with a 30, 77 or 87. | Unlimited |
| Cash withdrawals from a Lloyds TSB, Bank of Scotland or Halifax cash machine ‡ ‡ ‡ | Unlimited |
**For SEPA Debtor Direct Debits please see the International Services Tariff Brochure.
‡The owner of the machine may charge you for this transaction. All LINK machines will give you an on-screen warning of charges, in advance, allowing you to continue or cancel the transaction.
‡ ‡ Faster Payments made via Lloydslink will incur additional charges explained in your LloydsLink charges leaflet.
‡ ‡ ‡ Cash withdrawals from a Lloyds TSB, Bank of Scotland or Halifax cash machine will not count as a transaction within your Monthly PricePlan but daily cash machine limits still apply.
Other service charges.
The following transactions are not included and you'll pay for these separately:
| Bulk schemes for both cash and cheques | |
|---|---|
| Please refer to your relationship manager for more details. | |
| Customers making BACS payments | |
| If you wish to make BACS payments either direct or through Telepay we'll arrange to collect these charges separately. Please contact your Relationship Manager for more details. | |
| Charges for other services | Charge |
| BACS file submitted (per file) | £4 |
| BACS debit or credit (per item) | 10p |
| Telepay or Teledebit item (per item) | 40p |
| Internet Bulk Payment (per item) | 15p |
| Internet Bulk Payment (batch UK Sterling Direct Debit) | 1 Transaction** |
| Bankers draft | Charge |
| Bankers draft (sterling) | £20 |
| Special cheque presentation | Charge |
| A cheque paid into your account sent direct to another branch or bank for payment. Normally this service is used to find out earlier if a cheque is going to be paid, although it doesn't speed up the clearing process. | £10 |
| Electronic funds transfer 'CHAPS' payment | Charge |
| Transfer of funds for same-day value | £20 |
| Option: confirmation to recipient | £5 |
| Stopped cheque | Charge |
| Your instruction to us not to pay a cheque that you have issued | £10 |
| If the cheque has been lost or stolen | Free |
| Statements | Charge |
| You will receive a regular monthly statement of your account | Free |
| Intermediate statements | Charge |
| Ordered via Cashpoint® machine | Free |
| Ordered at branch | £3 |
| Copy statements | £5 per sheet |
| Vouchers with statements | Charge |
| Cheques and/or credit vouchers returned with your statement | £5 per sheet |
| Monitoring | Charge |
| Where, by agreement, we will monitor your account on a regular basis to make transfers in accordance with your instructions: | |
| Daily monitoring | £20 per month |
| Weekly monitoring | £7 per month |
| Monthly monitoring | £5 per month |
| Status enquiry | Charge |
|
Where you can request information about a third party to assess if they can commit to a financial arrangement or make a payment. This can only be requested with the third party's consent and the information is based on their account status at the time of enquiry. |
£10.21 (includes VAT†) |
| Audit letter | Charge |
|
Details of balances and other information provided, at your request, to your accountant. |
£25 per hour plus VAT (min £25) |
| SMS text alerts | Charge |
|
You can register for a number of text alerts to be sent to your mobile, when you approach your overdraft limit for example, and these can be set-up at www.lloydstsbbusiness.com/waystobankwithus/textalerts. There is a monthly charge per account when you activate the text alerts. |
£2 a month for each account activated |
| Clerical administration fee | |
We are happy to discuss your day-to-day banking activities without charge. However, if we spend a significant amount of time on a specific area not covered in this brochure, we may charge a fee. In all cases this will be agreed with you first. |
|
** You will be charged an item fee for each individual payment that you make within a Bulk Payments batch. In addition you will also be charged for the debit made to your account for the total amount of the Bulk Payments batch - charged at the rate of a UK Sterling Direct Debit (one PricePlan transaction). For example, a batch of 10 payments will incur a charge of 10 x 15p for the individual payments as well as using one transaction from within your PricePlan.
† VAT is 20% as at 4 January 2011.
| Using other banks | |
|---|---|
|
Other banks sometimes charge us when you use their counter services. In turn, we may pass these costs on to you. Your branch will be able to tell you which banks charge and why. Inter-Bank Agency Agreements are arrangements between banks to provide a range of branch counter services to another bank's customers by prior arrangement. They provide a convenient service to business customers who find the accessibility of their own bank's branches difficult - for example due to location. |
|
| How do they work? | |
|
The nature and range of the counter services offered under an Inter-Bank Agency Agreement is at the discretion of the providing bank. Once the service is set up, Lloyds TSB will claim back charges from the customer's own bank on a quarterly basis. The additional charge, if any, made by the account-holding branch is negotiated with their customer. The Counter Services available at Lloyds TSB branches are as follows:
While we wish to be as helpful as possible, there may be local circumstances where we are unable to provide this service. |
|
| Other services | |
| Some charges may not be included in your pre-notification. If this is the case, we'll call, email (if appropriate) or write to tell you how much the service will cost, before we provide it. |
International services.
If your business imports or exports goods and services, we have a range of international services to support your business. To find out the details of our service charges, please speak to a relationship manager or see our International Services tariff.
Card charges.
These charges will be in addition to any Monthly PricePlan charges (see 'What's included in your Monthly PricePlan).
| Account charges in the UK | Charges |
|---|---|
| ATM withdrawals from a Lloyds TSB, Bank of Scotland or Halifax cash machine using your Business Debit Cardor Business Cashpoint® Card. | Free |
| ATM withdrawals from a LINK machine using your Business Debit Card or Business Cashpoint® Card. | If you're using another bank's ATM, the owner of the machine may charge you. All LINK machines will give you an on-screen warning of charges, in advance, allowing you to continue or cancel the transaction |
| ATM withdrawals from a non-LINK machine using your Business Debit Card or Business Cashpoint® Card. | 1.5% of the transaction amount (minimum £1.50). The owner of the machine may also charge you for this transaction. |
| Purchasing foreign currency | Charge |
| Using your debit card to withdraw cash from any other bank's counter, travel agents, bureaux de change and other outlets displaying the VISA sign. | 1.5% of the transaction amount (minimum £1.50) |
| Using your Business Debit Card to buy foreign currency or travellers cheques from a Lloyds TSB branch. | Free |
| Using your Business Debit Card to buy foreign currency or travellers cheques from any other provider in the UK displaying the VISA sign or Travel Bureau. | 1.5% of the transaction amount (minimum £1.50) |
| Account charges abroad | Charge |
| ATM withdrawals abroad using your Business Debit Card or Business Cashpoint® Card from machines displaying the Visa sign. Or withdrawals over the counter at a bank or any other outlet displaying the Visa sign. | 1.5% of the transaction amount(minimum £1.50) plus 2.75% foreign exchange fee .If you are using another bank's ATM, some providers may charge you a fee for using their machines. |
| Business Debit Card transactions abroad (excludes ATM withdrawals) | 2.75% foreign exchange fee. |
Charges when you borrow.
If you need additional funding for any purpose or period, please talk to us first to avoid paying unauthorisedborrowing charges. Once we've agreed your requirements, we'll write to let you know the interest rate, when it's charged and the fees payable. In the case of an agreed overdraft, the limit, review date and current interest rate will be shown on your statement, and we will give you written confirmation of the terms at the time they are agreed. Please ask your relationship manager for further details of the interest rate and fees that apply to our borrowing facilities. Typical charges include:
- An arrangement fee which is dependent on the amount you borrow.
- Security fees.
If required, we will arrange security against your borrowing. Your relationship manager can provide an estimate of the fees and expenses which may be payable in a given situation. You will also be required topay expenses and fees which we may incur, such as:
- Solicitors' and/or valuation fees
- Expenses in connection with enquiries made about the security subject
- Fees payable to register the security.
Early repayment charges may apply on fixed rate loans, on any amount you repay in addition to your agreed repayments.
Unauthorised borrowing.
If you overdraw your account or exceed an overdraft limit without prior agreement, you'll be charged a higher rate of interest on this unauthorised borrowing. The rate is displayed in all branches and on our website at www.lloydstsb.com/business/ratesandcharges
Because of the additional work involved in monitoring your account, we may also charge the following fees:
| Unauthorised Borrowing Fee | Charge |
|---|---|
| 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. | £15 (one charge per day, maximum) |
| Unpaid item | Charge |
| 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 | £35 for each item not paid. |
Monthly PricePlan Calculator
Use our simple calculator to find out which PricePlan is most suitable for your business.
If you are a new business start-up we'll give you 18 month's free day-to-day banking. Once this period of free banking is over, Monthly PricePlan may be the most appropriate tariff for your business.
Getting started
My monthly activity
The results of your PricePlan calculation will appear here
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Cost Breakdown
- Medium (M)
-
More information on PricePlan fee
Click for more information
- £16.00
| Included | Your activity | Additional costs |
|---|---|---|
| 35 transactions | 40 | £3.25 |
| 35 cheques in | 40 | £3.25 |
| 35 cash | 40 | £3.25 |
| Total for month | £30.00 |
View all the Montly PricePlan tariffs
Monthly PricePlan Tariffs
| Monthly PricePlan | Monthly fee | Maximum transactions per month | Maximum cash limit per month | Maximum cheques paid in limit per month |
Additional transaction charges |
|---|---|---|---|---|---|
| XS | £5.00 | 5 | £50.00 | 5 | 0.65% additional cash 65p per transaction or cheque paid in |
| S | £10.00 | 20 | £150.00 | 10 | 0.65% additional cash 65p per transaction or cheque paid in |
| M | £15.00 | 35 | £250.00 | 15 | 0.65% additional cash 65p per transaction or cheque paid in |
| L | £25.00 | 70 | £500.00 | 30 | 0.65% additional cash 65p per transaction or cheque paid in |
| XL | £40.00 | 125 | £1000.00 | 50 | 0.65% additional cash 65p per transaction or cheque paid in |
Take a look at our alternative Business Account tariffs.
Business Account Tariffs
We also offer our Business Extra Tariff and Electronic Business Tariff which may be more appropriate for your business.
You can apply online for a business account with Monthly PricePlan or call us on 0800 015 0193
When you switch your business to Lloyds TSB, we'll offer you 6 months free banking and a range of other benefits
You can apply online for a business account with Monthly PricePlan or call us on 0800 015 0193
When you switch your business to Lloyds TSB, we'll offer you 6 months free banking and a range of other benefits
How to apply
Call your Relationship Manager Or 0800 328 6101 to apply
How to apply
Call your Relationship Manager Or 0800 328 6101 to apply
Existing customers.
If you already have a Lloyds TSB Business account and would like to move to a Monthly PricePlan, use our simple calculator to see if you can save and then call your Relationship Manager
or call 0800 328 6101
New business start-ups.
As a new start-up we'll give you 18 month's free day-to-day business banking. Once this period of free business banking ends we'll contact you to discuss the most cost-effective PricePlan for your business, or one of our alternative tariffs.
Switching to Lloyds TSB.
If you'd like to switch to Lloyds TSB, you can complete an online application in less than 10 minutes. After we have received your application a member of our local business team will contact you to discuss your application in more detail.
To start the application process, select the type of business you operate.
Or call us on 0800 015 0193 (open 8am to 8pm Monday to Friday and 9am to 1pm Saturday) to discuss your application with one of our team.
Frames UK Pictures Ltd benefits from Monthly PricePlan.
Monthly PricePlan allows businesses to plan ahead and forecast their charges - a real asset if you're like Lloyds TSB Commercial customer, Frames UK Pictures Ltd. As their trading varies by season, predicting their monthly bank charges was sometimes difficult. But with Monthly PricePlan, they now can.
Lloyds TSB offers a wide range of banking services specifically to help UK businesses. In the last year alone, we've helped 110,000 businesses get started and approved 80% of loans and overdrafts**. Whether you're about to launch your business or have been established for generations, we can offer you support and guidance. Find out more about the many ways we have been Supporting UK Business.
* Free business banking includes cheques, standing orders, cash, UK Sterling Direct Debits, deposits and withdrawals. All we ask is that you operate your account in credit or within agreed limits.
† Changes to your Monthly PricePlan must be received three business days before the 9th of each month.