Business Extra Tariff
Day-to-day banking
This page gives you details of our day-to-day banking charges for the Business Extra Tariff.
When your free business banking period ends, you will automatically be placed on a Monthly PricePlan. Monthly PricePlan gives you a set number of transactions each month for a fixed fee. This makes your day-to-day business banking transparent and puts you in control of your account charges.
You may choose to move onto the Business Extra Tariff where instead of a fixed monthy fee, you will pay individual charges per transaction. If you use electronic or automated ways of banking then you may prefer our Electronic Business Tariff, which includes lower individual charges for those types of transactions if a credit balance of £1+ is maintained.
Our charging cycle runs from the 10th of one month to the 9th of the following month.
Credit interest is not paid as standard on our Monthly PricePlan, Business Extra or Electronic Business Tariff accounts. For full details on our tariffs visit http://www.lloydstsbbusiness.com/rates_and_charge.asp.
Compare our tariffs side by side
Account maintenance
Account maintenance fee (charge made for the basic administration costs of running your account): £5.00 a month
Account payments
Transaction Type | Charges |
|---|---|
Cheque | 65p |
Direct Debit | 40p |
Standing order | 40p |
Transfer (transfer to another account in your name with the sort code starting 30-xx-xx) | Free |
Debit card transaction (excluding ATM) | 40p |
ATM withdrawals (Free from a Lloyds Banking Group Cashpoint® machine) | 45p |
Other debit | 65p |
Internet banking | 15p |
Bulk Payment – per item* | 15p |
Faster Payments outbound - via Lloydslink ** | 15p |
Bulk Payment – batch direct debit* | 40p |
PhoneBank® | 15p |
PhoneBank® express | 15p |
*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 Direct Debit.
For example, a batch of 10 payments will incur a charge of 10 x 15p for the individual payments as well as 1 x 40p for the direct debit to the account. This makes a total of 11 individual charges.
** Please note, that this charge is in addition to the charges explained in your Lloydslink charges leaflet, see a full list of the Lloydslink charges here.
Account receipts
Transaction type | Charges |
|---|---|
Automated credit (includes telephone and Internet banking) | 20p |
Automated credit – Faster Payments inbound | 20p |
Credit paid in at Lloyds TSB branch | 70p |
Credit paid in at another bank | 70p |
Credit paid via nightsafe | £2.00 |
Transfer (transfer from another account in your name with the sort code starting with 30-xx-xx) | Free |
Other credit | 70p |
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 | 57p per £100 |
Cash paid out at Lloyds TSB counter | 62p per £100* |
Cash exchanged | £1.65 per £100 |
Cheque paid in | 28p |
Cardnet envelope paid in | Free |
BACS – batch file submitted | £4.00 |
BACS – debit or credit item | 10p |
Telepay – debit or credit item | 40p |
* 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.
